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Bank of Granite, CommunityOne to merge

April 27, 2011

ASHEBORO, N.C. — CommunityOne Bank and Bank of Granite have announced plans to merge, creating a financial network with more than $5 billion in deposits and assets.

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.

Bank of Granite was founded in 1906 and has branches throughout western North Carolina. CommunityOne was founded in 1907 and serves communities in central, southern and western North Carolina.

The merged bank will operate under the CommunityOne brand name and have more than 60 customer service branches. The headquarters will be in Asheboro.

The merger is expected to be completed later this year.

Comments

Just hope...

April 27, 2011 by Backbone (not verified), 3 years 16 weeks ago
Comment: 370

...they dont lose the good "Community Bank" spirit they have now! Both are good, customer service oriented banks! A real breath of fresh air after dealing with Big Banks (BoA) and the nimrods at the State Credit Union. Plus they usually hire some hot chicks! All in all, not bad, not bad!

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