Community One Bank Of Granite Merger

Parent company of communityone bank n a with granite falls based bank of granite s parent company bank of granite corp.

Community one bank of granite merger.

In 2013 the bank holding company changed its name to communityone bancorp. The combined institution would be the triad s largest community bank at 2 9 billion in assets. 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. Said wednesday that they are merging to form the triad s largest community bank in assets at 2 9 billion.

And fnb united corp parent of communityone bank plan to merge after a 310 million capital raise headlined by two private equity giants. Asheboro n c june 10 2013 communityone bank n a the principal bank subsidiary of fnb united corp. The deal is expected to close in the third quarter. Capital bank financial corp.

Is expected to close in. Updated 11 15 a m. Bank of granite is based in granite falls. And communityone bancorp jointly announced the decision to.

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

Fnb united corp which is the parent company of communityone bank and bank of granite corp. In 2011 the bank acquired bank of granite. In 2016 the bank was acquired by capital bank financial. June 10 2013.

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.