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.
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The Bloomberg story can be found here.