Yadkin Valley Company is primarily engaged in the ownership of Yadkin Valley Life Insurance Company (Yadkin Valley Life), a reinsurer of credit life insurance policies. Yadkin Valley Lifes reinsurance activities are limited to assuming risks associated with credit life insurance policies (credit life policies), up to a maximum risk of $25,000 on any one insured, issued only by Triangle Life Insurance Company (Triangle Life) and sold only in North Carolina by Southern Bank and Trust Company (Southern), The Fidelity Bank (Fidelity) and The Heritage Bank (Heritage). Triangle Life is a wholly owned subsidiary of First-Citizens Bank & Trust Company (FCB).