Yadkin Valley Financial Corporation · Elkin, NC United States ·(NASDAQ (GS): YAVY)
Company Description
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This link will open in a new window Yadkin Valley Financial Corporation was formed in 2006 to be the holding company for Yadkin Valley Bank and Trust. The bank and its Piedmont Bank, High Country Bank, and Cardinal State Bank divisions operate about 30 branches in central and western portions of North Carolina. They offer standard deposit products, including checking and savings accounts, money market accounts, CDs, and IRAs. They primarily originate real estate mortgages, which account for more than 60% of the company's loan portfolio. Yadkin Valley Financial subsidiary Main Street Investment Services provides mutual funds, annuities, and other investment products through an agreement with Securities America . To read the full description, subscribe now.
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Key Yadkin Valley Financial Corporation Financials
| Company Type | Public - NASDAQ (GS): YAVY Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $55.5 |
| 2008 Employees | 496 |
Yadkin Valley Financial Corporation Executives
34 executives listed for Yadkin Valley Financial Corporation's Elkin, NC location.
| Title | Name & Bio | Contact |
| Chairman | Ralph Bentley | Network |
| Vice Chairman | Harry Davis | Network |
| President, CEO, and Director | William Long | Network |
Competition
Competitive Landscape for Yadkin Valley Financial Corporation
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top Yadkin Valley Financial Corporation Competitors
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