YADKIN FINANCIAL Corp 8-K 2007
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report: October 2, 2007
Yadkin Valley Financial Corporation
Issuers telephone number: (336) 526-6300
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
This document contains 2 pages, plus exhibit
Item 8.01: Other Events
The Board of Directors of Yadkin Valley Financial Corporation (the Company) (Nasdaq Global Select Market: YAVY), the holding company for Yadkin Valley Bank and Trust Company (the Bank), announced today a third quarter cash dividend of 13 cents per share, an increase of 1 cent (8.3%) over the third quarter of 2006 and unchanged from the second quarter of 2007. The dividend is the 79th consecutive quarterly dividend and provides an annualized return of 3.25% on Fridays closing stock price of $16.02 per share. Payment will be made on October 26, 2007 to shareholders of record on October 5, 2007.
Earnings for the third quarter 2007 are expected to be released on October 24, 2007.
Item 9.01: Exhibits
Exhibit 99: Press Release
Pursuant to the requirements of the Securities and Exchange Act of 1934, the Bank has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.