Yadkin Bank reportedly exploring a sale

Yadkin Bank, the Raleigh-based community bank that completed its acquisition of Greensboro’s NewBridge Bank in March, is reportedly exploring a sale.

Bloomberg News, citing unidentified people familiar with the matter, reported Wednesday that the bank’s corporate parent, Yadkin Financial, is soliciting offers with the help of investment bank Sandler O’Neill & Partners.

Yadkin CEO Scott Custer said in an email that he doesn’t comment on speculation and rumors.

Yadkin, which has expanded through a series of acquisitions, has 110 branches in North Carolina and South Carolina.

The Bloomberg story can be found here.

This story was originally published May 26, 2016 at 11:42 AM with the headline "Yadkin Bank reportedly exploring a sale."