M&A Deal Summary

CommunityOne Bancorp. Acquires CertusBank - Lenoir Branch

On June 26, 2015, CommunityOne Bancorp. acquired financial services company CertusBank - Lenoir Branch from CertusBank NA

Acquisition Highlights
  • This is CommunityOne Bancorp.’s 2nd transaction in the Financial Services sector.
  • This is CommunityOne Bancorp.’s 2nd transaction in the United States.
  • This is CommunityOne Bancorp.’s 2nd transaction in North Carolina.

M&A Deal Summary

Date 2015-06-26
Target CertusBank - Lenoir Branch
Sector Financial Services
Buyer(s) CommunityOne Bancorp.
Sellers(s) CertusBank NA
Deal Type Divestiture

Target

CertusBank - Lenoir Branch

Lenoir, North Carolina, United States
CertusBank - Lenoir Branch is a provider of financial services.

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Buyer(S) 1

Buyer

CommunityOne Bancorp.

Charlotte, North Carolina, United States

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 2 of 2
Sector: Financial Services M&A 2 of 2
Type: Divestiture M&A Deals 1 of 1
State: North Carolina M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-24 Bank of Granite Corp

Granite Falls, North Carolina, United States

Bank of Granite Corp, is a provider of financial services.

Buy $310M

Seller(S) 1

SELLER

CertusBank NA

Easley, South Carolina, United States

Category Company
Founded 2010
Sector Financial Services
DESCRIPTION

CertusBank NA is a provider of financial services.


DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: North Carolina M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2015 M&A 1 of 1