Community One Bank Of Granite Merger

The merger of albemarle based fnb united corp.

Community one bank of granite merger.

Bank of granite chairman john bray said wednesday the merger of the two north carolina banks will provide a stronger financial position and improve customer service. The deal is expected to close in the third quarter. In 2013 the bank holding company changed its name to communityone bancorp. In june 2013 bank of granite merged into communityone creating a network of over 40 branches and atms.

Capital bank financial corp. Parent company of communityone bank n a with granite falls based bank of granite s parent company bank of granite corp. Announced today that it had completed the merger of its sister. Is expected to close in.

Communityone bank and bank of granite have announced plans to merge creating a financial network with more than 5 billion in deposits and assets. Asheboro n c june 10 2013 communityone bank n a the principal bank subsidiary of fnb united corp. In conjunction with the transaction the bank raised 310 million of capital including 79 million from each of the carlyle group and oak hill capital partners. Said wednesday that they are merging to form the triad s largest community bank in assets at 2 9 billion.

And communityone bancorp jointly announced the decision to. June 10 2013. Fnb united corp which is the parent company of communityone bank and bank of granite corp. The combined institution would be the triad s largest community bank at 2 9 billion in assets.

And fnb united corp parent of communityone bank plan to merge after a 310 million capital raise headlined by two private equity giants. The charlotte business journal reported that communityone merged with bank of granite in 2011 a transaction led by the carlyle group to clean up the two banks distressed balance sheets. Bank of granite corp. Bank of granite is based in granite falls.

In 2016 the bank was acquired by capital bank financial.