M&A Deal Summary

CommunityOne Bancorp. Acquires Bank of Granite Corp

On October 24, 2011, CommunityOne Bancorp. acquired financial services company Bank of Granite Corp for 310M USD

Acquisition Highlights
  • This is CommunityOne Bancorp.’s 1st transaction in the Financial Services sector.
  • This is CommunityOne Bancorp.’s largest (disclosed) transaction.
  • This is CommunityOne Bancorp.’s 1st transaction in the United States.
  • This is CommunityOne Bancorp.’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2011-10-24
Target Bank of Granite Corp
Sector Financial Services
Buyer(s) CommunityOne Bancorp.
Deal Type Add-on Acquisition
Deal Value 310M USD
Advisor(s) Keefe, Bruyette, & Woods, Inc. (Financial)
Parker Poe Adams & Bernstein (Legal)

Target

Bank of Granite Corp

Granite Falls, North Carolina, United States
website
Bank of Granite Corp, is a provider of financial services.

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Buyer(S) 1

Buyer

CommunityOne Bancorp.

Charlotte, North Carolina, United States

website

Category Company
Founded 1907
Sector Financial Services
Employees535
Revenue 97M USD (2015)
DESCRIPTION

CommunityOne Bancorp. is a provider of a complete line of consumer, mortgage and business banking services, including loan, deposit, cash management, wealth management, and internet banking services. CommunityOne was founded in 1907 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 1 of 2
Sector (Financial Services) 1 of 2
Type (Add-on Acquisition) 1 of 1
State (North Carolina) 1 of 2
Country (United States) 1 of 2
Year (2011) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-26 CertusBank - Lenoir Branch

Lenoir, North Carolina, United States

CertusBank - Lenoir Branch is a provider of financial services.

Buy -
Mergr

Product

Company

Legal