Yadkin Valley Financial Corp. (YAVY) Announces the Closing of Capital Raise
Yadkin Valley Financial Corp., a holding company for Yadkin Valley Bank and Trust Company that offers consumer and commercial banking services in northwestern North Carolina, officially announced the closing of a $6.4 million capital raise. "We are greatly encouraged by the extraordinary support we received from across our market area to include insiders, such as the Board, executives, and employees, and selected outside investors," said Joseph H. Towell, President and CEO of Yadkin Valley Financial. "This capital raise is part of Yadkin Valley's strategic plan to increase shareholder value, and we are very pleased with this progress in a difficult…