Community One Bank Of Granite Merger

Said wednesday that they are merging to form the triad s largest community bank in assets at 2 9 billion.

Community one bank of granite merger.

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. And fnb united corp parent of communityone bank plan to merge after a 310 million capital raise headlined by two private equity giants. The merger of these 100 year old institutions will create a north carolina community banking organization with approximately 2 9 billion in assets 2 4 billion in deposits and 63 full service.

The merger of albemarle based fnb united corp. In 2013 the bank holding company changed its name to communityone bancorp. Announced today that it had completed the merger of its sister. 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. Bank of granite is based in granite falls. In 2016 the bank was acquired by capital bank financial.

Capital bank financial corp. The deal is expected to close in the third quarter. Bank of granite corp. In june 2013 bank of granite merged into communityone creating a network of over 40 branches and atms.

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 combined institution would be the triad s largest community bank at 2 9 billion in assets. Asheboro n c june 10 2013 communityone bank n a the principal bank subsidiary of fnb united corp. In 2011 the bank acquired bank of granite.

Updated 11 15 a m.