Yadkin Valley Financial and American Community Bancshares Reconvene Special Shareholders' Meetings
01 Aprile 2009 - 11:52PM
Marketwired
Yadkin Valley Financial (NASDAQ: YAVY) and American Community
Bancshares (NASDAQ: ACBA) will reconvene their special meetings of
shareholders to vote on a proposal to adopt their previously
announced merger agreement. Details of the meetings are as follows:
Special Meeting of Yadkin Valley Shareholders:
To Be Reconvened on April 16, 2009 at 3:00 p.m.
At the Holiday Inn located at 1713 NC 67 Highway,
Jonesville, North Carolina
Special Meeting of American Community Shareholders:
To Be Reconvened on April 16, 2009 at 10:00 am.
At 2593 West Roosevelt Boulevard, Monroe, North Carolina
On Thursday, April 2, 2009, Yadkin Valley will commence mailing
of a supplement to the joint proxy statement/prospectus to
shareholders of record which will contain important information
about the merger with American Community Bancshares. Shareholders
are urged to read the supplement to the joint proxy
statement/prospectus when it becomes available. The supplement to
the joint proxy statement/prospectus will also include the date,
time and location of the special meetings, as well as full-year
revised 2008 financial data for Yadkin Valley, and full-year 2008
financial data for American Community.
Additional Information About the Merger and Where to Find It
In connection with the proposed merger, Yadkin Valley and
American Community filed with the Securities and Exchange
Commission (the "SEC") a registration statement on Form S-4
containing a definitive joint proxy statement/prospectus. The Form
S-4 was declared effective by the SEC on January 16, 2009, and the
joint proxy statement/prospectus was first mailed to shareholders
of Yadkin Valley and American Community on or about January 20,
2009. Each of Yadkin Valley and American Community may also file
with the SEC other documents regarding the proposed merger.
Shareholders may obtain a free copy of the joint proxy
statement/prospectus, as well as other filings containing
information about Yadkin Valley and American Community, at the
SEC's internet site (http://www.sec.gov). Copies of the joint proxy
statement/prospectus and the filings with the SEC that will be
incorporated by reference in the joint proxy statement/prospectus
can also be obtained, without charge, by directing a request to
William A. Long, President and CEO, Yadkin Valley Financial
Corporation, 209 North Bridge Street, Elkin, North Carolina
28621-3404, (336-526-6300), or to Randy P. Helton, President, CEO,
and Chairman, American Community Bancshares, Inc., 4500 Cameron
Valley Parkway, Suite 150, Charlotte, NC 28211, (704-225-8444), or
by accessing Yadkin Valley's website at
http://www.yadkinvalleybank.com under "Documents" within the
Investor Relations section or American Community's website at
http://www.americancommunitybank.com under "About Us/Investor
Relations/SEC Filings."
The information on Yadkin Valley's and American Community's
websites is not, and shall not be deemed to be, a part of this
letter or incorporated into other filings either company makes with
the SEC.
SHAREHOLDERS ARE URGED TO READ THE JOINT PROXY
STATEMENT/PROSPECTUS AND OTHER RELEVANT DOCUMENTS FILED WITH THE
SEC REGARDING THE PROPOSED TRANSACTION BECAUSE THEY CONTAIN
IMPORTANT INFORMATION.
Yadkin Valley and American Community and their respective
directors and executive officers may be deemed to be participants
in the solicitation of proxies from the shareholders of Yadkin
Valley and American Community in connection with the combination.
Information about the directors and executive officers of Yadkin
Valley and their ownership of Yadkin Valley common stock is set
forth in the proxy statement, filed April 15, 2008, for Yadkin
Valley's 2008 annual meeting of shareholders, as filed with the SEC
on Schedule 14A. Information about the directors and executive
officers of American Community and their ownership of American
Community common stock is set forth in the proxy statement, filed
April 17, 2008, for American Community's 2008 annual meeting of
shareholders, as filed with the SEC on Schedule 14A. Additional
information regarding the interests of those participants may be
obtained by reading the joint proxy statement/prospectus regarding
the proposed transaction.
FORWARD LOOKING STATEMENTS
This filing contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
Such statements include but are not limited to (1) statements about
the benefits of the combination of Yadkin Valley and American
Community, including future financial and operating results, cost
savings, and enhanced revenues, (2) statements with respect to
Yadkin Valley's and American Community's plans, objectives,
expectations and intentions and other statements that are not
historical facts, and (3) other statements identified by words such
as "believes," "expects," "anticipates," "estimates," "intends,"
"plans," "targets," and "projects," as well as similar expressions.
These statements are based upon the current beliefs and
expectations of Yadkin Valley's and American Community's management
and are subject to significant risks and uncertainties. Actual
results may differ from those set forth in the forward-looking
statements.
For additional information contact: Yadkin Valley Financial
Corporation: William A. Long President and CEO Edwin E. Laws CFO
(336) 526-6300 American Community Bancshares, Inc. Randy P. Helton
President and CEO Dan R. Ellis, Jr. CFO (704) 225-8444 Megan
Malanga Nvestcom Investor Relations (954) 781-4393 Email
Contact
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