CONFIDENTIAL SEVERANCE AGREEMENT
AND RELEASE OF CLAIMS

This Confidential Severance Agreement and Release of Claims (the "Agreement") is
made and entered into by and between William Mark DeMarcus ("Employee") and
Yadkin Bank ("Employer"), as well as any affiliated or related entities,
subsidiaries, or divisions, and the shareholders, directors, officers,
employees, and agents thereof (collectively referred to as "Employer").

THE PARTIES acknowledge the following:

WHEREAS, Employee was employed by Employer until through January 31, 2016 when
his employment was terminated (the "Termination Date") pursuant to that certain
Executive Employment Agreement, dated April 23, 2014, by and among Employee,
Yadkin Financial Corporation (“Yadkin Financial”) and Employer (“Employment
Agreement”); and

WHEREAS, Employee desires to receive severance pay and benefits provided
pursuant to this Agreement, and Employer is willing to provide this pay and
benefits to Employee on the condition that Employee enters into this Agreement.

THEREFORE, in consideration of the mutual agreements and promises set forth
within this Agreement, the receipt and sufficiency of which are hereby
acknowledged, Employee and Employer agree as follows:

1.    Definitions.

Unless the context plainly requires otherwise, the term "Employee" includes the
Employee executing this Agreement, as well as the Employee's agents, attorneys,
spouse, heirs, dependents, executors, administrator, guarantees, successors and
assigns. The term "Employer" includes Yadkin Bank, its managers, shareholders,
directors, officers, partners, agents, attorneys, parent entities, employees,
employee benefit plans, successors, assigns, affiliates, and subsidiaries, and
each of their respective owners, shareholders, directors, officers, partners,
agents, attorneys, parent entities, employees, successors, assigns, affiliates
and subsidiaries.

2.    Severance Pay.

a.
Severance Pay. In consideration of Employee's agreements and promises set forth
below, and in full and complete satisfaction of the Employer’s obligations under
the Employment Agreement, Employer shall pay to Employee an aggregate amount of
One Million Five Hundred Thousand and No/100 Dollars ($1,500,000.00) (less
standard statutory deductions for federal and state taxes and withholdings),
payable in fifty-two (52) installments as severance pay under established
payroll procedures as set forth in this Agreement. The first installment payment
in the amount of One Hundred Seventy-Four Thousand and No/100 Dollars
($174,000.00) will be made on the next regularly scheduled payroll run occurring
after the seven (7) day revocation period (as set forth in Section 18 of this
Agreement) provided Employee has (i) executed and not revoked this Agreement;
and (ii) remained employed through the Termination Date and the next fifty-one
(51) equal installment payments in the amount of Twenty-Six Thousand and No/100
Dollars ($26,000.00) will continue the following fifty-one (51) consecutive
payroll runs. Under no circumstances

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shall the severance payments commence later than sixty (60) days following the
Termination Date.

b.    Continued Health Care Benefits. If Employee is eligible for and timely and
properly elects continuation health coverage under the Consolidated Omnibus
Reconciliation Act of 1985 (“COBRA”), Employer shall reimburse Employee monthly
for the monthly COBRA premium paid by Employee for himself and his dependents,
if then covered, for a period ending on July 31, 2017 (the “COBRA
Reimbursement”). Provided, however, that Employer’s obligations under this
subsection shall terminate on the date on which the Employee is eligible to
enroll in a group health plan offered by another employer that provides
substantially similar coverage.

c.    Company Car. For thirty (30) days following the Termination Date, Employee
shall have the option to purchase the company car that Employee is using as of
the Termination Date for an amount equal to the Kelley Blue Book value or other
valuation means acceptable to the Employer.
    
d.    Effect of Severance Pay. Employee agrees that the above severance payment
does not constitute compensation for purposes of calculating the amount of any
benefits Employee may be entitled to under the terms of any pension or other
benefit plan of Employer, or for the purpose of accruing any benefit, receiving
any allocation of any contribution, or having the right to defer any income in
any employee pension or benefit plan.

3.    Legal Obligations.

Employer has no prior legal obligations to make the payments described in
Section 2, which are expressly conditioned upon the promises of Employee herein.
Except as otherwise provided herein, Employee shall be solely responsible for
any and all federal and state tax liability or consequences (including, but not
limited to, taxes, contributions, withholdings, fines, penalties, and interest)
which could arise as a result of the severance payment to Employee pursuant to
this Agreement.

4.    Availability for Consultation.

Employee agrees that he will make himself available to Employer for consultation
on issues related to Employee's former duties for a period of thirty (30) days
from his Termination Date. Employee agrees that the consideration provided to
him pursuant to this Agreement represents full and sufficient consideration for
any consultation services Employee may provide, and that this consideration is
premised, in part, on his agreement to perform these services.

5.
No Admission of Liability.

By entering into this Agreement, Employer does not admit any wrongdoing or that
it has breached any obligation with respect to Employee's employment.

6.    Release and Covenant Not To Sue.

In exchange for Employer's agreement to provide the above-referenced severance
payment, Employee releases and discharges Employer from any and all claims,
demands, and liabilities that Employee has ever had or now may have against
Employer or Employer's officers, directors, or employees, both known

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and unknown, including, but not limited to, any and all claims, demands, and
liabilities based on Employee's employment with Employer or the termination of
the employment relationship. Employee acknowledges that, as a result of his
termination of employment, he has forfeited in their entirety the 10,000 shares
of restricted stock issued to him by the Employer on June 18, 2015 under the
Yadkin Financial Corporation 2013 Equity Incentive Plan. Further, Employee
promises not to file or permit to be filed any lawsuit, complaint, or action
against Employer, or Employer's officers, directors, or employees arising out of
or in any way related to his employment with Employer or the termination of said
employment with Employer.

This release and covenant not to sue includes, but is not limited to, a release
of any and all rights or claims Employee may have under any federal, state, or
local laws, ordinances, or regulations including, but not limited to: any claims
of age discrimination under the Age Discrimination in Employment Act; claims
under Title VII of the Civil Rights Act of 1964; Section 1981 of the Civil
Rights Act of 1866; the Americans with Disabilities Act of 1990, the Civil
Rights Act of 1991; the Family and Medical Leave Act of 1993; the Employee
Retirement Income Security Act (ERISA); the Consolidated Budget Reconciliation
Act (COBRA); the Equal Pay Act of 1963; the Pregnancy Discrimination Act; any
and all state laws addressing the rights of employees and the payment of wages;
and all amendments to these Acts. This release also includes a release of any
claims for wrongful termination, breach of express or implied contract,
intentional or negligent infliction of emotional distress, libel, slander, as
well as any other claims, whether in tort, contract or equity, under state or
federal statutory or common law. Employee further agrees that in the event that
any person or entity should file a lawsuit, complaint, or action on Employee's
behalf, Employee hereby waives and forfeits any right to recovery under such
claims and will exercise every good faith effort to have such claims dismissed.

By entering into this Agreement, Employee does not waive any rights or claims
that might arise as a result of any conduct that occurs after the date this
Agreement is signed by the parties, nor shall this Agreement be interpreted to
provide that Employee has entered into any covenant or promise that would be
invalid under applicable federal or state law.

7.    No Prior Assignment.

Employee further warrants and covenants, recognizing that the truth of this
warranty and covenant is material to the above consideration having passed, that
Employee has not assigned, transferred or conveyed at any time to any individual
or entity any alleged rights, claims or causes of action against Employer.

8.    No Employment Relationship.

The relationship of employer-employee terminated effective as of the date of
Employee's Termination Date and the relationship created by this Agreement is
purely contractual and no employer-employee relationship is intended or inferred
from the performance of the parties' obligations under this Agreement.

9.
Non-disparagement.

Employee shall not (except as required by law) communicate to anyone, whether
verbally, in writing, or in any other manner, any statement that is intended to
cause or that reasonably would be expected to cause a person to whom it is
communicated to have a lowered opinion of Employer, including a lowered opinion
of any services provided by Employer.

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10.
Confidentiality.

Employee shall not disclose the contents of this Agreement, including the amount
of the monetary payments, except to Employee's (a) spouse, (b) attorney(s), (c)
accountant(s) and/or tax preparer(s), (d) as may be required by law, or (e) as
necessary to enforce the terms of this Agreement. Employee shall notify anyone
to whom the terms of this Agreement are disclosed of the confidentiality
provision of this Agreement.

Employee recognizes that the disclosure of any information regarding this
Agreement by Employee or Employee's family, attorneys, accountants or financial
advisors, could cause Employer irreparable injury and damage, the amount of
which would be difficult to determine. In the event Employer establishes a
violation of this section of the Agreement by Employee, Employee's attorneys,
immediate family, accountants, or financial advisors, Employer shall be entitled
to injunctive relief without the need for posting a bond and shall also be
entitled to recover from Employee the amount of attorneys' fees and costs
incurred by Employer in enforcing the provisions of this section.
Notwithstanding the foregoing, the parties acknowledge that the Employer may be
required to disclose the existence of and terms and conditions of this Agreement
pursuant to its periodic reporting obligations as a SEC-registered public
reporting company, and upon any such disclosure, Employee’s obligations under
this Section 10 shall terminate.

11.    Property.

Employee shall immediately return all property of Employer which is in
Employee's possession. This includes, but is not limited to, the computer
provided for Employee's personal use, all data, documents, records,
correspondence, reports, memoranda, or other property and shall include all
copies thereof, including electronically stored information.

12.    Affirmation of Loyalty; Noncompetition.

As a material consideration of this Agreement without which Employer would not
have entered into this Agreement or agreed to provide the consideration set
forth herein, Employee hereby reaffirms his commitment to honor the
nonsolicitation of employee covenant set forth in Section 12(d) of his Executive
Employment Agreement. Employer and Employee further agree that the
noncompetition covenant set forth in Section 12(c) of his Executive Employment
Agreement is hereby amended as follows: “Executive agrees that during employment
with the Employer Group, and during the Restricted Period, Executive will not,
directly or indirectly, on Executive’s own behalf or on behalf of any other
person or entity (i) solicit, divert, or appropriate to or for a Competing
Business, or (ii) attempt to solicit, divert, or appropriate to or for a
Competing Business any person or entity that is or was a customer of the
Employer Group on the date of termination and with whom the Executive has had
material contact.”

Employee further stipulates and agrees that in the event Employee breaches any
of the restrictive covenants set forth in Section 12 of his Executive Employment
Agreement, as amended hereby, Employer’s obligations to perform under this
Agreement shall automatically terminate and Employer shall have no further
obligation to Employee. Further, the consideration provided by Employer as of
that date shall serve as full and final consideration in support of Employee’s
obligations hereunder. Provided, however, Employer may release Employee from
some or all of the restrictive covenants set forth in Section 12, in its sole
discretion, upon written request by Employee.

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13.    Performance.

Employer's obligation to perform under this Agreement is conditioned upon
Employee's agreements and promises to Employer as set forth herein. In the event
Employee breaches any such agreements or promises or causes any such agreements
or promises to be breached, Employer's obligations to perform under this
Agreement shall automatically terminate and Employer shall have no further
obligation to Employee.

14.    Successors and Assigns.

This Agreement shall inure to and be binding upon the parties hereto and to
their respective heirs, legal representatives, successors, and assigns.

15.    Governing Law and Forum Selection.

This Agreement shall be construed in accordance with the laws of the state of
North Carolina and any applicable federal laws. Moreover, any dispute between
the parties regarding this Agreement or Employee's former employment with
Employer shall be decided solely by a court of competent jurisdiction in
Mecklenburg County, North Carolina.

16.    Entire Agreement; Modification.

This Agreement constitutes the entire understanding of the parties, and no
representation, promise, or inducement not included herein shall be binding upon
the parties. Employee affirms that the only consideration for the signing of
this Agreement is the terms set forth above and that no other promises or
assurances of any kind have been made to Employee by Employer or any other
entity or person as an inducement for Employee to sign this Agreement. This
Agreement may not be changed orally but only by an agreement in writing signed
by the parties or their respective heirs, legal representatives, successors, and
assigns.

17.    Validity.

The provisions of this Agreement shall be deemed severable and that the
invalidity or unenforceability of any section of this Agreement, or any portion
or provision thereof, shall not affect the validity or enforceability of the
other portions or provisions. Any such provision deemed to be unenforceable
shall be stricken and the remaining provisions shall be appropriately limited
and given effect to the extent they may be enforceable.

18.    OWBPA.

Employee acknowledges that it is the mutual intent of the Parties that the full
release contained in this Agreement fully complies with the Older Workers
Benefit Protection Act. Accordingly, this Agreement requires, and Employee
acknowledges and agrees that: (1) the consideration provided to Employee under
this Agreement exceeds the nature and scope of any consideration to which
Employee would otherwise have been legally entitled to receive absent Employee's
execution of this Agreement; (2) execution of this Agreement and the full
release herein, which specifically includes a waiver of any claims under the Age
Discrimination in Employment Act, is Employee's knowing and voluntary act; (3)
Employee is hereby advised to consult with an attorney prior to executing this
Agreement; (4) Employee has forty-five (45) calendar days within which to
consider this Agreement and Employee's signature on this Agreement prior to the

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expiration of this forty-five (45) day period (should Employee chose not to take
the full period offered) constitutes an irrevocable waiver of said period or its
remainder; (5) in the event Employee signs this Agreement, Employee has another
seven (7) calendar days to revoke it by delivering a written notice of
revocation to the individual addressee identified in the Notice provision below
(Section 18), and this Agreement does not become effective until the expiration
of this seven-day period; (6) Employee has read and fully understands the terms
of this Agreement; and (7) nothing contained in this Agreement purports to
release any of Employee's rights or claims under the Age Discrimination in
Employment Act that may arise from acts occurring after the date of the
execution of this Agreement.

18.    Notice.

All communications or notices required or permitted by this Agreement shall be
made by Employee to Employer in writing and shall be delivered and addressed as
follows:

Yadkin Bank
204 South Elm Street
Statesville, NC 28677
Attn: Laura Blalock, Human Resources

PLEASE READ THIS AGREEMENT CAREFULLY. IT CONTAINS A RELEASE OF ALL KNOWN AND
UNKNOWN CLAIMS.

YOU AGREE THAT YOU RECEIVED VALUABLE CONSIDERATION IN EXCHANGE FOR ENTERING INTO
THIS AGREEMENT AND THAT THE COMPANY ADVISED YOU IN WRITING TO CONSULT AN
ATTORNEY OR SOMEONE YOU TRUST PRIOR TO SIGNING THIS AGREEMENT. YOU PROMISE THAT
NO REPRESENTATIONS OR INDUCEMENTS HAVE BEEN MADE TO YOU EXCEPT AS SET FORTH
HEREIN, AND THAT YOU HAVE SIGNED THE SAME KNOWINGLY AND VOLUNTARILY.

YOU HAVE BEEN PROVIDED AT LEAST FORTY-FIVE (45) DAYS WITHIN WHICH TO CONSIDER
THIS AGREEMENT AND WAIVE AND RELEASE ALL CLAIMS AND RIGHTS INCLUDING, BUT NOT
LIMITED TO, THOSE ARISING UNDER THE AGE DISCRIMINATION IN EMPLOYMENT ACT. YOU
SHALL HAVE SEVEN (7) DAYS WITHIN WHICH TO REVOKE THIS AGREEMENT AND THIS
AGREEMENT SHALL NOT BECOME EFFECTIVE OR ENFORCEABLE UNTIL THAT REVOCATION PERIOD
HAS EXPIRED. ANY SUCH REVOCATION MUST BE IN WRITING AND RECEIVED BY THE COMPANY,
IN ACCORDANCE WITH THE NOTICE PROVISIONS SET FORTH IN SECTION 18 HEREIN, PRIOR
TO THE END OF THE REVOCATION PERIOD.

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IN WITNESS WHEREOF, the undersigned have caused this instrument to be executed
on the date first above written.
As To Employee:
 
WILLIAM MARK DEMARCUS
 
 
 
 
Date
 
Employee Signature
 
 
 
 
 
 
 
 
Date
 
Witness Signature
 
 
 
 
For Employer:
 
YADKIN BANK
 
 
 
 
Date
 
By:
 
 
 
 
 
 
 
Its:
 

The signatures below affirm that the terms of this agreement are acceptable, and
the terms will have an effective date of January 31, 2016.

/s/ Scott Custer
 
 
 
Scott Custer
 
 
 
/s/ William Mark DeMarcus
 
 
 
William Mark DeMarcus
 

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