CommunityOne Bank, N.A., a subsidiary of CommunityOne Bancorp., is a bank headquartered in Charlotte, North Carolina, with 50 offices in North Carolina and $2 billion in assets as of July 2014.

The First National Bank of Asheboro began operations January 14, 1908. In 1976, after adding branches around Randolph County, the bank changed its name to First National Bank of Randolph County.

In 1985, with assets of less than $100 million, the bank formed the holding company FNB Corp. Expansion into other counties starting in 1987 resulted in a name change to First National Bank and Trust Company in 1990.

First National began acquiring other banks: Richmond Savings Bank in 2000, Rowan Savings Bank in 2004, Alamance in 2005 and First Gaston Bank in 2006.

The holding company changed its name to FNB United Corp. in 2006. The bank's name changed to CommunityOne in 2007. Dover Mortgage Company, acquired in 2003, became a subsidiary of CommunityOne in 2007.

In 2010, the United States Department of Justice filed charges relating to a $40 million Ponzi scheme by a depositor. On April 27, 2011, the Justice Department said it agreed to delay prosecution for two years if CommunityOne paid $400,000 in restitution and worked harder to prevent similar incidents. According to a Justice Department news release, CommunityOne "waived indictment and accepted and acknowledged responsibility for its conduct."

On April 27, 2011, FNB United Corp., which was on the "verge of failure" and had "negative net worth", announced a merger with Bank of Granite Corp., parent company of Bank of Granite. The resulting company, to be called FNB United Corp., will have $2.9 billion in assets, $2.4 billion in deposits, and 63 offices. The deal requires FNB to raise $310 million in capital, with half coming from a stock offering and half the Carlyle Group and Oak Hill Capital Partners. The two private equity firms agreed to invest on the condition that FNB "resolve prosecutors' claims." The deal was completed June 8, 2013 and on July 1, 2013, FNB United's name became CommunityOne Bancorp, with the stock symbol changing from "FNBN" to "COB". After the merger, CommunityOne moved its headquarters to Charlotte.

On October 26, 2016, Capital Bank Financial completed its acquisition of CommunityOne, which had $2.4 billion in assets and 45 branches and based in Charlotte, North Carolina, in a deal worth $350 million.

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