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YADKIN FINANCIAL Corp 8-K 2007

Documents found in this filing:

  1. 8-K
  2. Ex-99
  3. Ex-99
Yadkin Valley Financial Corporation
 

 
 
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report: October 2, 2007
 
Yadkin Valley Financial Corporation
     
North Carolina   20-4495993
(State of incorporation)   (I.R.S. Employer Identification No.)
     
209 North Bridge Street, Elkin, North Carolina   28621-3404
(Address of principal executive offices)   (Zip Code)
Issuer’s 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 Friday’s 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
Signatures
     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.
         
 
  Yadkin Valley Bank and Trust Company
 
       
 
  By:   /s/ Edwin E. Laws
 
      Edwin E. Laws
Chief Financial Officer
 
       
 
  Date:   October 2, 2007

 

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