CommunityOne Bank was a

bank A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because ...

headquartered in

Charlotte, North Carolina Charlotte ( ) is the most populous city in the U.S. state of North Carolina. Located in the Piedmont region, it is the county seat of Mecklenburg County. The population was 874,579 at the 2020 census, making Charlotte the 16th-most populo ...

. 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 The Carlyle Group is a multinational private equity, alternative asset management and financial services corporation based in the United States with $376 billion of assets under management. It specializes in private equity, real assets, and pri ...

and

Oak Hill Capital Partners Oak Hill Capital Partners is a private equity firm headquartered in New York City, with more than $19 billion of committed capital from entrepreneurs, endowments, foundations, corporations, pension funds and global financial institutions. Robe ...

. In 2013, the bank holding company changed its name to CommunityOne Bancorp. In 2016, the bank was acquired by

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