SOURCE: Yadkin Valley Bank

May 02, 2007 10:23 ET

Gerald Huffman Named as Mooresville City Executive of Piedmont Bank, a Division of Yadkin Valley Bank and Trust Company

ELKIN, NC -- (MARKET WIRE) -- May 2, 2007 -- Yadkin Valley Financial Corporation (NASDAQ: YAVY)

Yadkin Valley Bank and Trust Company names Gerald Huffman as Mooresville City Executive in its Piedmont Bank division. Yadkin Valley Bank and Trust Company ("the Bank") is a wholly owned subsidiary of Yadkin Valley Financial Corporation. Gerald has served most recently as Vice President and Branch Manager of the Medical Park Road office in Mooresville. Steve Robinson, Executive Vice President and COO of the Bank, said of the newly appointed Mooresville City Executive, "Gerald Huffman is a well-known and highly respected longtime banker in the Mooresville area. I have worked with him for many years and have the utmost respect for his abilities. He will do a great job as City Executive for this very important market of Piedmont Bank."

Gerald and his wife, Carol, reside in Mooresville and have four children. After serving in the U.S. Army, he began his banking career with American Credit Corp., and then Carolina First National Bank and Lincoln Bank before joining Piedmont Bank in 2000. He is a member of First Baptist Church of Mooresville where he has served as chairman of the nominating and stewardship committees.

While pleased with his new promotion, Huffman was quick to point out that it is his employees and customers that make him successful. He also mentioned that he feels compelled to give back to his community by serving in the following organizations: Mooresville United Way, Mooresville/South Iredell Chamber of Commerce, South Iredell Community Development Corporation, Mooresville CrimeStoppers, Mooresville Soup Kitchen, etc.

Yadkin Valley Bank and Trust Company ("the Bank"), a community bank headquartered in Elkin, North Carolina, serves customers from twenty-four full-service banking offices located in the piedmont, foothills and northwest mountains of North Carolina. Offices are located in Jefferson and West Jefferson (Ashe County), Elkin (Surry County), North Wilkesboro and Wilkesboro (Wilkes County), East Bend, Jonesville and Yadkinville (Yadkin County), and Pfafftown (Forsyth County). The offices in Mooresville and Statesville (Iredell County), Cornelius and Huntersville (Mecklenburg County) are operated under the assumed name "Piedmont Bank." Offices in Boone (Watauga County) and Linville (Avery County) are operated under the assumed name "High Country Bank." On April 16, 2007, the Bank opened a loan production office in Wilmington, North Carolina under the Yadkin Valley Bank name. Sidus Financial, LLC, as subsidiary of the Bank, provides mortgage lending services to customers in North Carolina, South Carolina, Virginia, Alabama, Arkansas, Delaware, Florida, Georgia, Kentucky, Louisiana, Maryland, Mississippi, Pennsylvania, Tennessee and West Virginia.

This news release contains forward-looking statements. Such statements are subject to certain factors that may cause the Company's results to vary from those expected. These factors include changing economic and financial market conditions, competition, ability to execute our business plan, items already mentioned in this press release, and other factors described in our filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's judgment only as of the date hereof. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events and circumstances that arise after the date hereof.

Contact Information

  • For additional information contact:

    William A. Long
    President and CEO
    (336) 526-6312