SOURCE: Yadkin Valley Financial Corporation

November 19, 2007 13:48 ET

Yadkin Valley Bank and Trust Company Expands Deposit Services

ELKIN, NC--(Marketwire - November 19, 2007) - Yadkin Valley Bank and Trust Company, a subsidiary of Yadkin Valley Financial Corporation (NASDAQ: YAVY) and its family of banks -- Yadkin Valley Bank, Piedmont Bank and High Country Bank -- is seeing strong growth in users of its Remote Deposit Services. Now, with business customers in all 3 of the bank's regions using Remote Deposit Services, the bank's business customers have a quick, efficient way to make deposits with Remote Deposit Services. The bank's new Internet-based deposit capability, also called remote deposit or merchant capture, allows participating customers to scan the front and back of checks and make deposits without leaving their place of business.

"We're delighted to be able to offer the benefits of Remote Deposit Services to our customers," said President and CEO William A. Long. "We have provided great products and customer service since we opened for business and this is just one more way we want to make life easier for our customers."

According to Lestine Hutchens, Executive Vice President and Director of Operations, "Remote deposit capture provides convenience and accelerates funds availability. Not only can our customers save time by making multiple deposits without leaving the office, but they also enhance their cash management capabilities. We have customers who feel like they have a new best friend since using this service."

The basic requirements for merchant capture include a PC and a high-speed Internet connection. A desktop device scans checks received at participating customers' locations and a digital deposit is created. The deposit is then transmitted over a secure Internet connection to Yadkin Valley Bank where it is then accepted, posted to the indicated accounts, and assigned availability.

"We're always looking for ways to make things easier for our customers," Long said, "that's why we are pleased to offer this to help our customers to run their businesses more efficiently. Remote Deposit Services does just that." Business customers interested in learning more about Remote Deposit Services may contact any Yadkin Valley Bank, Piedmont Bank or High Country Bank office.

Yadkin Valley Bank and Trust Company is a full service community bank providing services in twenty-four branches throughout its three regions in North Carolina. The Yadkin Valley Bank region serves Ashe, Forsyth, Surry, Wilkes, and Yadkin Counties and operates a loan production office in Wilmington, NC. The Piedmont Bank region serves Iredell and Mecklenburg Counties. The High Country Bank region serves Avery and Watauga Counties. The Bank provides mortgage lending services through its subsidiary, Sidus Financial, LLC, headquartered in Greenville, North Carolina. Securities brokerage services are provided by Main Street Investment Services, Inc., a Bank subsidiary with four offices located in the branch network.

Contact Information

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    Daniel T. Duggan
    Vice President, Marketing
    704-768-1129
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