Deals
North Carolina Bank Yadkin Financial Said to Explore Sale
- Raleigh-based lender said to work with Sandler O’Neill
- Community bank mergers driven by regulatory pressures
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Yadkin Financial Corp., a North Carolina community bank, is exploring a sale, according to people familiar with the matter.
The Raleigh-based lender is working with Sandler O’Neill & Partners LP to solicit offers, said the people, who asked not to be identified because the matter isn’t public. There is no assurance that a deal will happen and the bank may decide to remain independent.