CommunityOne Bancorp operates as the holding company for CommunityOne Bank, N.A. that provides a line of consumer, wealth management, mortgage, and business banking services, including loan, deposit, cash management, investment management, and trust services, to individual and business customers through operations located throughout central, southern, and western North Carolina. Loan Portfolio As of December 31, 2013, the company’s loan portfolio included commercial and agricultural loans; real estate-construction loans; 1-4 family residential loans; commercial loans; and consumer loans. Investment Portfolio As of December 31, 2013, the company’s investment portfolio included U.S. government sponsored agencies; residential mortgage-backed securities-GSE; residential mortgage-backed securities-private; commercial mortgage-backed securities-GSE; commercial mortgage-backed securities-private; business development company investment; and corporate notes. Deposits As of December 31, 2013, the company’s deposits included noninterest-bearing demand deposits, interest-bearing demand deposits, savings deposits, money market deposits, brokered deposits, and time deposits. Regulation and Supervision The company is a bank holding company, subject to regulation under the Bank Holding Company Act and the examination and reporting requirements of the Federal Reserve Board. As a national banking association, the deposits of which are insured by the FDIC, the bank is subject to regulation and examination primarily by the OCC. The bank is also regulated by the FDIC and the Federal Reserve Board. In connection with its lending activities, the bank is subject to various federal laws designed to protect borrowers and promote lending to various sectors of the economy and population. These include the Equal Credit Opportunity Act, the Truth in Lending Act, the Home Mortgage Disclosure Act, the Real Estate Settlement Procedures Act, the Fair Credit Reporting Act, the Truth in Savings Act, and the Community Reinvestment Act. The company is subject to the requirements of the Bank Secrecy Act, its implementing regulations and other anti-money laundering laws and regulations, including the USA Patriot Act of 2001. History CommunityOne Bancorp was founded in 1907.
communityone bancorp (COB:NASDAQ CM)
1017 East Morehead Street
Charlotte, NC 28204
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