ONWARD: CommunityOne executives have built a "solid company" that is poised to return to profitability this quarter and look for acquisitions in neighboring states, CEO Brian Simpson says.

The All-Out Effort that Saved a North Carolina Bank

CommunityOne in Asheboro, N.C., went from the brink of failure to a model of recovery in a few years. But it took new management, private-equity money, an acquisition and an accounting ace in the hole to get it done.

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