Community One Bank Of Granite Merger

The merger of albemarle based fnb united corp.

Community one bank of granite merger.

The combined institution would be the triad s largest community bank at 2 9 billion in assets. Is expected to close in. Said wednesday that they are merging to form the triad s largest community bank in assets at 2 9 billion. Bank of granite corp.

The deal is expected to close in the third quarter. Capital bank financial corp. 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. Announced today that it had completed the merger of its sister.

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. Communityone bank and bank of granite have announced plans to merge creating a financial network with more than 5 billion in deposits and assets. Bank of granite is based in granite falls. In june 2013 bank of granite merged into communityone creating a network of over 40 branches and atms.

Parent company of communityone bank n a with granite falls based bank of granite s parent company bank of granite corp. June 10 2013. In 2016 the bank was acquired by capital bank financial. 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.

In 2013 the bank holding company changed its name to communityone bancorp. And fnb united corp parent of communityone bank plan to merge after a 310 million capital raise headlined by two private equity giants. 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. Fnb united corp which is the parent company of communityone bank and bank of granite corp.

Updated 11 15 a m.