Community One Bank Of Granite Merger

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.

Community one bank of granite merger.

Announced today that it had completed the merger of its sister. In 2013 the bank holding company changed its name to communityone bancorp. June 10 2013. Updated 11 15 a m.

Parent company of communityone bank n a with granite falls based bank of granite s parent company bank of granite corp. The combined institution would be the triad s largest community bank at 2 9 billion in assets. In 2011 the bank acquired bank of granite. The deal is expected to close in the third quarter.

Capital bank financial corp. Bank of granite corp. Fnb united corp which is the parent company of communityone bank and bank of granite corp. The merger of albemarle based fnb united corp.

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

And fnb united corp parent of communityone bank plan to merge after a 310 million capital raise headlined by two private equity giants. And communityone bancorp jointly announced the decision to. 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.

Bank of granite is based in granite falls.