The lead independent director of Yadkin Financial Corp. has sold $2.5 million in company stock, according to a Securities and Exchange Commission filing.

Adam Abram sold 20,500 shares at a price of $34 each on Dec. 14 and then sold 54,500 shares at a price of $34.03 each on Dec. 15.

Abram still owns 447,800 shares of Yadkin Financial worth more than $15.2 million.

FNB Corp., based in Pittsburgh, is in the process of acquiring Elkin-based Yadkin Financial for $1.4 billion. The deal is expected to be completed in the first quarter of next year.

Yadkin Bank has 100 branches across North Carolina and upstate South Carolina. Serving approximately 130,000 customers, Yadkin has assets of $7.5 billion.

Abram joined Yadkin Bank and Yadkin Financial as lead director in July 2014 following the merger of VantageSouth Bancshares Inc. and Piedmont Community Bank Holdings Inc. with Yadkin Financial.

Prior to the merger, Abram served as the chairman of VantageSouth Bancshares and VantageSouth Bank since November 2011, and as chairman of Piedmont Community Bank Holdings since he co-founded the company in 2009.

Abram has also served as chairman of James River Group Holdings Ltd. since its inception in 2007 and was appointed CEO in September 2014.