Form D · Commercial Banking
YADKIN VALLEY FINANCIAL CORP
Elkin, NC · CIK 0001366367
Offering snapshot reported Nov 1, 2012 · SEC filing
- Reported sold
- $45M Offering amount: $45M
- Investors reported
- 43 Form D · investor count
- Minimum accepted
- $1.5M Reported outside-investor minimum
- First sale
- Oct 24, 2012 As reported in this filing
What changed?
Latest filing versus its linked predecessor, where available.
No comparable changes in the displayed metrics.
Filing history
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| Filed | Filing type | Reported sold | Change vs linked filing | Investors | Source |
|---|---|---|---|---|---|
| Nov 1, 2012 | Initial | $45,000,000 | No comparison | 43 | SEC filing |
| May 18, 2011 | Initial | $6,400,000 | No comparison | 122 | SEC filing |
Offering details
- Securities
- Equity, Option to acquire
- Exemptions
- 06
- Duration over one year
- No
- Business combination
- No
- Sales commissions
- $2.5M
- Finders' fees
- $0
- Form D file number
- 021-186381
The Company issued 45,000 shares of Series A Preferred stock at $1,000 per share. The Series A Preferred stock will convert into shares of the Company's common stock at $2.80 per share, upon shareholder approval in accordance with NASDAQ Rule 5635.
The Company agreed to pay Keefe Bruyette & Woods, Inc., as Sales Agent, 6% of the gross proceeds in the private offering.
Sales compensation recipients
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| Recipient | CRD | Associated broker-dealer |
|---|---|---|
| Keefe, Bruyette & Woods, Inc. | 481 |
Source: Form D, filed Nov 1, 2012. Minimum accepted may differ from a standard advertised minimum.
Fund connections
No confirmed ADV fund connection is available for this issuer.
People & organizations
Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.
| Name | Reported role |
|---|---|
| J. T. Alexander, Jr. | Director |
| Nolan G. Brown | Director |
| F. Spencer Cosby, Jr. | Executive |
| Harry M. Davis | Director |
| William M. De Marcus | Executive |
| Thomas J. Hall | Director |
| James A. Harrell, Jr. | Director |
| Larry S. Helms | Director |
| Dan W. Hill, Iii | Director |
| Jan H. Hollar | Executive |
| James L. Poindexter | Director |
| Morris L. Shambley | Director |
| Ed Shuford | Executive |
| Alison J. Smith | Director |
| James N. Smoak | Director |
| Harry C. Spell | Director |
| Joseph H. Towell | Director, Executive |
| C. Kenneth Wilcox | Director |
Issuer details
Industry: Commercial Banking (See others in industry)
Address:
209 North Bridge Street
Elkin, NC, 28621
Elkin, NC, 28621