CommunityOne Bank and Its Community Roots

CommunityOne Bank has a strong foundation rooted in its community. Founded in 2001, the bank has been serving the people of North Carolina for over two decades.

CommunityOne Bank has a long history of supporting local causes and organizations, with a focus on education and economic development.

One of the bank's key values is its commitment to community involvement, with employees actively participating in volunteer programs and community events.

By being a part of the community, CommunityOne Bank is able to better understand the needs of its customers and tailor its services to meet those needs.

CommunityOne Bank has a rich history that spans over a century. It was established on January 1, 1907, originally named The First National Bank of Asheboro.

The bank has undergone several name changes over the years. It became The First National Bank of Randolph County on March 1, 1976, and later First National Bank and Trust Company on October 1, 1990.

CommunityOne Bank continued its expansion through acquisitions in the early 2000s. It acquired Richmond Savings Bank in Rockingham, North Carolina, in June 2000, and Rowan Savings Bank, Ssb, Inc. in China Grove, North Carolina, in November 2004.

The bank's name changed again in 2006, following the acquisition of Alamance Bank in Graham, North Carolina, and First Gaston Bank of North Carolina in Gastonia, North Carolina. It began operating under the name CommunityOne Bank, National Association.

Further growth occurred in June 2013 with the acquisition of Bank of Granite in Charlotte, North Carolina. This acquisition marked another significant milestone in the bank's history.

CommunityOne Bank merged with Capital Bank Corporation in October 2016, becoming part of a larger financial institution. However, this was short-lived, as the bank merged with First Tennessee Bank, National Association on November 30, 2017.

Finally, on October 26, 2019, the institution changed its name to First Horizon Bank, marking the end of an era for CommunityOne Bank.

Curious to learn more? Check out: Td Cowen Acquisition

CommunityOne Bank has a rich history dating back to 1908, making it over 100 years old. It was originally founded as a community bank in North Carolina and has since grown to become one of the state's largest and most respected banks.

The bank has undergone significant changes over the years, including a merger with Bank of Granite in 2016. This merger was a result of struggling real-estate values and crumbling home loan portfolios that affected both banks. The new bank, CommunityOne, is a division of Capital Bank Corporation and operates 45 branches throughout central, southern, and western North Carolina.

CommunityOne offers a variety of consumer, mortgage, and commercial banking services to retail and business customers, including loans, deposits, treasury management, wealth, and online banking.

A unique perspective: North Valley Bancorp

Bank of Granite, a 100-year-old community bank, will soon cease to exist as a standalone institution. The bank has been struggling due to sagging real-estate values and crumbling home loan portfolios.

A merger with CommunityOne Bank is the solution proposed by private investors, who will invest $310 million to make it happen. This is a big move that was inevitable, according to UNC Charlotte banking professor Tony Plath.

The merger will preserve the North Carolina roots of two well-respected community banks. Their names and reputations have been rock solid, says North Carolina Bankers Association president Thad Woodard.

Former First Union executive Brian Simpson will be the new CEO of CommunityOne Bank, while a number of banking veterans from Charlotte will serve on the board.

Check this out: Old National Bancorp First Midwest Merger

CommunityOne Bank has a rich history dating back to 1907.

The bank operates 45 branches throughout central, southern, and western North Carolina.

You can also find Loan Production Offices in Raleigh, NC, Winston-Salem, NC, and Charleston, SC.

CommunityOne offers a variety of consumer, mortgage, and commercial banking services to retail and business customers.

These services include loans, deposits, treasury management, wealth, and online banking.

Mobile banking apps are available for both Apple iOS and Android devices.

A unique perspective: Banks and Banking Services

CommunityOne Bancorp was a bank headquartered in Charlotte, North Carolina. It was a public company listed on the Nasdaq stock exchange under the ticker symbol COB.

CommunityOne Bancorp was founded on January 14, 1908, and operated for 108 years before being acquired by Capital Bank Financial in 2016.

The bank's industry was banking, and it had a significant presence in the region. CommunityOne Bancorp was led by CEO and president Robert L. Reid, along with CFO David L. Nielsen.

As of 2015, the bank had total assets of $2.397 billion and total equity of $0.273 billion. This suggests that the bank had a strong financial foundation during its operation.

Here are the key figures from 2015:

The bank's website was community1.com, and it had a significant online presence.