VantageSouth brand yields to Yadkin Bank

The VantageSouth Bank brand has sailed into the sunset.

The new Yadkin Bank, forged in July when Raleigh-based VantageSouth Bank and Yadkin Bank of Statesville merged, completed the conversion of the 41 former VantageSouth branches to the Yadkin Bank brand as of Monday.

The combined bank is headquartered in Raleigh. Scott Custer, previously president and CEO of VantageSouth, has the same role at the combined bank; Joe Towell, the CEO of the old Yadkin Bank, is executive chairman.

Custer said in a statement that the merger enabled “enhanced product offerings, expanded resources and greater accessibility across the Carolinas under one brand.”

Yadkin Bank is now the largest community bank based in North Carolina, with 73 branches in 56 cities in North and South Carolina.

The company’s shares trade under the ticker symbol “YDKN.” Monday afternoon its shares were trading at $18.06, down 43 cents.

This story was originally published September 22, 2014 at 1:52 PM with the headline "VantageSouth brand yields to Yadkin Bank."