Yadkin Bank is headquartered in Statesville and is the 5th largest bank in the state of North Carolina. It is also the 153rd largest bank in the nation. It was established in 1968 and as of March of 2016, it had grown to 1,335 employees at 115 locations. Yadkin Bank has an A+ health rating.
We have been using Yadkin Bank for about 10 years, started when it was Yadkin Valley Bank. They offer variety of no fee checking services. The business checking accounts for a small business are also no fee. The customer service is always excellent. We receive personal attention every time on phone or in the bank. It is a very pleasant experience banking at Yadkin Bank compared to dealing with the big name banks in the cities. Their online banking system is user friendly and easy to navigate through. The interest rates for savings are about average but for everyday banking, you can't get much better.
When this was American Community Bank it was great. They understood they had only a few locations and would solve most problems either over the phone or the online banking platform. Now they charge mistaken fees and when you contact their customer service, they say they are unable to do anything online or by phone. What's the point of customer service if not to help the customer? This bank is GARBAGE now! The merger with Yadkin was the worst mistake American Community Bank could have made.
|FDIC Certificate #||19861|
|Return on Assets - YTD||0.59%|
|Return on Equity - YTD||4.15%|
|Annual Interest Income||$54.2MM|
|Assets and Liabilities|
|Assets||Q1 2016vs Q1 2015||$7.42B$4.26B|
|Loans||Q1 2016vs Q1 2015||$5.25B$2.94B|
|Deposits||Q1 2016vs Q1 2015||$5.36B$3.21B|
|Equity Capital||Q1 2016vs Q1 2015||$1.07B$625.7MM|
|Loan Loss Allowance||Q1 2016vs Q1 2015||$10.2MM$8.3MM|
|Unbacked Noncurrent Loans||Q1 2016vs Q1 2015||$34.7MM$37.6MM|
|Real Estate Owned||Q1 2016vs Q1 2015||$18.4MM$12.0MM|
Sorry, we do not have rate data for Yadkin Bank.