Vantagesouth Bancshares Inc (VSB) 6.04 $VSB
Yadkin Financial Corporation Reports Second Quarter 2014 Results
GlobeNewswire - Wed Jul 23, 5:00AM CDT
Yadkin Financial Corporation (NYSE:YDKN) (the "Company" and "Yadkin"
, the parent company of Yadkin Bank, announced today financial results for the second quarter ended June 30, 2014. Net income available to common shareholders excluding merger-related expenses for the quarter was $4.3 million, or $0.30 per diluted share. Net income available to common shareholders for the quarter was $3.8 million, or $0.26 per diluted share, compared to $3.3 million, or $0.23 per diluted share, in the first quarter of 2014. These second quarter financial results do not include the financial results of VantageSouth Bancshares, Inc. ("VantageSouth" , which was merged with and into the Company on July 4, 2014.
YDKN: 19.40 (-0.06), VSB: 6.04 (+0.02)
Yadkin Financial Corporation Completes Merger With VantageSouth Bancshares, Inc.
GlobeNewswire - Mon Jul 07, 7:20AM CDT
Yadkin Financial Corporation (NYSE:YDKN) (the "Company" announced today the completion of its merger with VantageSouth Bancshares, Inc. (NYSE MKT:VSB) ("VantageSouth" .
YDKN: 19.40 (-0.06), VSB: 6.04 (+0.02)
VantageSouth Bancshares, Inc. Stockholders and Yadkin Financial Corporation Shareholders Approve Merger
Marketwire - Mon Jun 23, 9:14AM CDT
VantageSouth Bancshares, Inc. (NYSE MKT: VSB), the parent holding company of VantageSouth Bank, and Yadkin Financial Corporation (NASDAQ: YDKN), the parent holding company of Yadkin Bank, announced today that Yadkin shareholders, VantageSouth stockholders, and Piedmont Community Bank Holdings, Inc. stockholders approved the pending merger among Yadkin, VantageSouth, and Piedmont at annual meetings of each company's stockholders held on June 19, 2014. The merger also has been approved by the North Carolina Office of the Commissioner of Banks, the FDIC, and the Federal Reserve Bank. The merger is expected to close on July 4, 2014, subject to the satisfaction of other customary closing conditions. In connection with the closing of the merger, Yadkin will transfer the listing of its voting common stock from the NASDAQ Global Select Market ("NASDAQ" to the New York Stock Exchange ("NYSE" . Yadkin expects that its shares of voting common stock will commence trading on the NYSE under the same symbol "YDKN" with the CUSIP number 984305102 on July 7, 2014. Yadkin's voting common stock will continue to trade on NASDAQ until the transfer to the NYSE has been completed.
YDKN: 19.40 (-0.06), VSB: 6.04 (+0.02)
VantageSouth Bancshares, Inc. Announces Repurchase of TARP Warrants
GlobeNewswire - Wed Jun 11, 4:18PM CDT
VantageSouth Bancshares, Inc. (NYSE MKT:VSB), whose wholly-owned subsidiary is VantageSouth Bank (the "Bank" , announced today that it has repurchased from the United States Department of the Treasury ("Treasury" the Company's outstanding warrants to purchase (i) 833,705 shares of the Company's common stock, and (ii) 514,693.2 shares of the Company's common stock. The warrant to purchase 833,705 shares of the Company's common stock was issued to Treasury on January 9, 2009 in connection with the Company's participation in the TARP Capital Purchase Program. The warrant to purchase 514,693.2 shares of the Company's common stock was issued to Treasury in connection with the Company's acquisition of ECB Bancorp, Inc. in April 2013. The Company paid an aggregate cash purchase price of $2,552,000 for the repurchase of the warrants, which have been cancelled. The repurchase price was based on the fair market value of each warrant as agreed upon by the Company and Treasury. Following the repurchase of the warrants on June 11, 2014, Treasury has no remaining equity stake in the Company.
VSB: 6.04 (+0.02)
Yadkin Financial Corporation Reports Second Quarter 2014 Results
GlobeNewswire - Wed Jul 23, 5:00AM CDT
Yadkin Financial Corporation (NYSE:YDKN) (the "Company" and "Yadkin"
, the parent company of Yadkin Bank, announced today financial results for the second quarter ended June 30, 2014. Net income available to common shareholders excluding merger-related expenses for the quarter was $4.3 million, or $0.30 per diluted share. Net income available to common shareholders for the quarter was $3.8 million, or $0.26 per diluted share, compared to $3.3 million, or $0.23 per diluted share, in the first quarter of 2014. These second quarter financial results do not include the financial results of VantageSouth Bancshares, Inc. ("VantageSouth" , which was merged with and into the Company on July 4, 2014. YDKN: 19.40 (-0.06), VSB: 6.04 (+0.02)
Yadkin Financial Corporation Completes Merger With VantageSouth Bancshares, Inc.
GlobeNewswire - Mon Jul 07, 7:20AM CDT
Yadkin Financial Corporation (NYSE:YDKN) (the "Company"
announced today the completion of its merger with VantageSouth Bancshares, Inc. (NYSE MKT:VSB) ("VantageSouth" . YDKN: 19.40 (-0.06), VSB: 6.04 (+0.02)
VantageSouth Bancshares, Inc. Stockholders and Yadkin Financial Corporation Shareholders Approve Merger
Marketwire - Mon Jun 23, 9:14AM CDT
VantageSouth Bancshares, Inc. (NYSE MKT: VSB), the parent holding company of VantageSouth Bank, and Yadkin Financial Corporation (NASDAQ: YDKN), the parent holding company of Yadkin Bank, announced today that Yadkin shareholders, VantageSouth stockholders, and Piedmont Community Bank Holdings, Inc. stockholders approved the pending merger among Yadkin, VantageSouth, and Piedmont at annual meetings of each company's stockholders held on June 19, 2014. The merger also has been approved by the North Carolina Office of the Commissioner of Banks, the FDIC, and the Federal Reserve Bank. The merger is expected to close on July 4, 2014, subject to the satisfaction of other customary closing conditions. In connection with the closing of the merger, Yadkin will transfer the listing of its voting common stock from the NASDAQ Global Select Market ("NASDAQ"
to the New York Stock Exchange ("NYSE" . Yadkin expects that its shares of voting common stock will commence trading on the NYSE under the same symbol "YDKN" with the CUSIP number 984305102 on July 7, 2014. Yadkin's voting common stock will continue to trade on NASDAQ until the transfer to the NYSE has been completed. YDKN: 19.40 (-0.06), VSB: 6.04 (+0.02)
VantageSouth Bancshares, Inc. Announces Repurchase of TARP Warrants
GlobeNewswire - Wed Jun 11, 4:18PM CDT
VantageSouth Bancshares, Inc. (NYSE MKT:VSB), whose wholly-owned subsidiary is VantageSouth Bank (the "Bank"
, announced today that it has repurchased from the United States Department of the Treasury ("Treasury" the Company's outstanding warrants to purchase (i) 833,705 shares of the Company's common stock, and (ii) 514,693.2 shares of the Company's common stock. The warrant to purchase 833,705 shares of the Company's common stock was issued to Treasury on January 9, 2009 in connection with the Company's participation in the TARP Capital Purchase Program. The warrant to purchase 514,693.2 shares of the Company's common stock was issued to Treasury in connection with the Company's acquisition of ECB Bancorp, Inc. in April 2013. The Company paid an aggregate cash purchase price of $2,552,000 for the repurchase of the warrants, which have been cancelled. The repurchase price was based on the fair market value of each warrant as agreed upon by the Company and Treasury. Following the repurchase of the warrants on June 11, 2014, Treasury has no remaining equity stake in the Company. VSB: 6.04 (+0.02)
