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FNB Corp

 
Hoover's Profile: FNB United Corp.
(NASDAQ (GS):FNBN)
Company Financials
Income Statement
Balance Sheet
Cash Flow Statement

Contact Information
FNB United Corp.
150 South Fayetteville St.
Asheboro, NC 27203
NC Tel. 336-626-8300
Fax 336-625-2452

Type: Public
On the web: http://www.myyesbank.com/
Employees: 492
Employee growth: 0.4%

FNB United is the holding company for CommunityONE Bank (formerly First National Bank and Trust), which has about 45 branches in North Carolina. The bank's offerings include checking, savings, and money market accounts, CDs, IRAs, credit cards, and trust services. It concentrates on real estate lending: Commercial mortgages account for more than 35% of the company's loan portfolio, while residential mortgages and construction loans are about 25% apiece. The bank also makes business and consumer loans. Subsidiary Dover Mortgage Company originates mortgages for sale into the secondary market through about five loan production offices in its home state.

Key numbers for fiscal year ending December, 2008:
Sales: $82.9M
One year growth: (2.7%)
Net income: ($59.8)M

Officers:
Chairman: James M. Campbell Jr.
President and CEO, First National Bank United, and CommunityOne Bank, N.A.: Michael C. Miller
VP, CFO, and Treasurer; EVP and CFO, CommunityOne Bank: Mark A. Severson

Competitors:
First Bancorp (NC)
NewBridge Bancorp
RBC Bank

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