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CommunityOne Bancorp (COB) in Asheboro, N.C., reported its second consecutive quarterly profit.
February 7 -
CommunityOne Bancorp (COB) in Asheboro, N.C., plans to sell stock it issued the Treasury Department as part of the Troubled Asset Relief Program.
May 19 -
Regional bank executives keep trying to deflect calls for more cost cutting as they seek new revenue sources, and one of them -- BB&T's Kelly King -- seems to be losing his patience with such demands.
February 11
CommunityOne Bancorp in Charlotte, N.C.,
The $2 billion-asset company said in a press release Friday that current CEO, Brian Simpson, will leave at the end of the month. CommunityOne's president, Bob Reid, will succeed Simpson.
"As the board began its 2015 strategic planning process, the need to reduce operating expenses to levels consistent with the company's peers was an obvious focus," Chan Martin, CommunityOne's chairman, said in the release. "Management presented various alternatives including consolidation at the executive management level. The board supported the recommendation and it asked Bob to lead the consolidation."
Reid and Simpson joined CommunityOne in 2011 after working with the company as independent consultants for 18 months, a bank spokeswoman said. Simpson will remain with CommunityOne as a consultant for up to two years.
