A retired executive at Yadkin Financial (YDKN) resigned last week in a dispute over the Elkin, N.C., company's growth strategy.

James Smoak notified Yadkin on Dec. 20 that he was leaving, the $1.8 billion-asset company said in a regulatory filing. Smoak, who joined the board in 1987, retired as president and chief executive of Yadkin Valley Bank and Trust in 2002. Smoak was on Yadkin's audit committee, asset-liability committee, directors loan committee and capital committee, according to a regulatory filing.

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