CommunityOne Bank was a
bank headquartered in
Charlotte, North Carolina. In 2016, it was acquired by
Capital Bank Financial
Capital Bank Financial Corporation was a bank holding company headquartered in Charlotte, North Carolina with $10 billion in assets as of first quarter 2017 and 193 branches. Former Bank of America vice chairman Gene Taylor was chief executive, f ...
.
History
The First National Bank of Asheboro began operations January 14, 1908.
In 1976, the bank changed its name to First National Bank of Randolph County.
In 1985, FNB Corporation was formed as a
bank holding company.
In 1990, the company changed its name to First National Bank and Trust Company.
In 2000, the company acquired Richmond Savings Bank of
Richmond County, North Carolina. It was First National Bank's first foray outside of the Randolph County area.
In 2003, the company acquired Dover Mortgage Company.
In 2004, the company acquired Rowan Savings Bank of
Rowan County, North Carolina.
In 2005, the company acquired Alamance Bank of
Alamance County, North Carolina.
In 2006, the company acquired First Gaston Bank of
Gaston County, North Carolina.
In 2006, the bank holding company changed its name to FNB United Corp.
In 2007, the bank changed its name to CommunityOne.
On April 27, 2011, the company agreed to pay $400,000 in restitution to victims of a
ponzi scheme
A Ponzi scheme (, ) is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors. Named after Italian businessman Charles Ponzi, the scheme leads victims to believe that profits are comin ...
by a depositor at the bank.
In 2011, the bank acquired Bank of Granite. 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.
In 2013, the bank holding company changed its name to CommunityOne Bancorp.
In 2016, the bank was acquired by
Capital Bank Financial
Capital Bank Financial Corporation was a bank holding company headquartered in Charlotte, North Carolina with $10 billion in assets as of first quarter 2017 and 193 branches. Former Bank of America vice chairman Gene Taylor was chief executive, f ...
.
References
{{Reflist, 1
Companies formerly listed on the Nasdaq
2016 mergers and acquisitions
Banks established in 1908
1908 establishments in North Carolina
Defunct banks of the United States