FNB United (FNBN) in Asheboro, N.C., is planning to sell up to two million shares of its common stock in a move that could net it close to $60 million of fresh capital.

The $2.4 billion-asset company said in a Securities and Exchange Commission filing Monday that it would use the proceeds from the sale for general corporate purposes that could include beefing up the capital levels at its two subsidiary banks. It also filed a shelf registration last week that said it could raise additional capital through sales of warrants or rights and that proceeds could be used to repay debt or for possible acquisitions.

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