-
FNB United Corp. is another step closer to completing its proposed acquisition of Bank of Granite Corp. after receiving approval for the deal from the Federal Reserve of Richmond.
October 11 -
The Federal Deposit Insurance Corp. has freed the Bank of Granite in Granite Falls, N.C., from an enforcement action.
March 1 -
Shareholders will vote on a proposal to rename it CommunityOne Bancorp at their annual meeting on June 20, FNB United said Wednesday. Its board has already approved the change.
April 3 -
FNB United in Asheboro, N.C., will introduce a new brand for its CommunityOne Bank next month as part of its integration of Bank of Granite.
January 3
The banking unit of FNB United (FNBN) in Asheboro, N.C., has been freed from a regulatory order and has completed its integration of the Bank of Granite.
The Office of the Comptroller of the Currency has lifted a
In addition, CommunityOne completed its integration of Bank of Granite in Granite Falls, N.C., on June 8, FNB said Monday. FNB
"This transaction was the last step in our goal to successfully integrate CommunityOne and Granite, and is critical to our return to profitability during the second half of the year," Brian Simpson, chief executive of FNB United, said in the news release. The OCC's action "is confirmation that we are improving our financial condition and positioning our franchise to better serve our customers."
FNB is planning to
