Posted on 19 October 2011. Tags: bank of granite, communityone bank, economy, WFAE
By JULIE ROSE
WFAE
Shareholders of Granite Falls-based Bank of Granite on Tuesday approved a merger with the parent company of CommunityONE Bank. The move is an effort to save both banks from crumbling under the weight of loan losses and regulatory action.
The warning to Bank of Granite shareholders in a letter from executives was dire: Without this merger, the bank is at risk of being taken over by regulators and you – the shareholders – could lose your entire investment. Read the full story
Posted in Business, Cornelius, Huntersville, Mooresville, The Economy, WFAE
Posted on 27 April 2011. Tags: bank of granite, Business, communityone, fnb
Bank of Granite of Catawba County and CommunityOne Bank of Asheboro, which both have struggled with bad loans in recent years, announced Wednesday they plan to merge.
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Posted in Business, Cabarrus County, Cornelius, Huntersville, Mooresville, The Economy
