As of July 4, 2014, VantageSouth Bancshares, Inc. was acquired by Yadkin Financial Corporation. VantageSouth Bancshares, Inc. operates as the bank holding company for VantageSouth Bank that provides commercial banking solutions in North Carolina. It offers non-interest bearing checking, interest bearing checking, savings, money market, individual retirement accounts, and certificates of deposit. The company’s loan portfolio comprises commercial and industrial loans for working capital, equipment, and business expansion; commercial real estate loans secured by leased apartments, retail centers, and commercial office and industrial buildings; and commercial construction loans for owner-occupied buildings and projects that are pre-sold or pre-leased, including one-to-four family residential construction loans. It also offers consumer loans, such as automobile, boat and recreational vehicle financing, home equity and home improvement, and miscellaneous secured and unsecured personal; residential real estate loans for purchasing and refinancing one-to-four family properties; home equity loans and lines of credit; mortgage loans; and government guaranteed loans for the purchase of businesses, business startups, business expansion, equipment, and working capital. In addition, the company offers mortgage banking and online banking services. The company was formerly known as Crescent Financial Bancshares, Inc. and changed its name to VantageSouth Bancshares, Inc. in July 2013. The company was founded in 2011 and is based in Raleigh, North Carolina.