For immediate release:

May 15, 2014

For more information:

Krisie Bassinger, 980-819-6268 krisie.bassinger@community1.com

CommunityOne Bank CEO Brian E. Simpson Named as Finalist for EY Entrepreneur Of The Year™ Charlotte, NC - CommunityOne Bancorp is pleased to announce that CEO Brian E. Simpson has been named as a finalist for the EY Entrepreneur Of The Year™ 2014 Award in the Southeast, which includes Alabama, Georgia, North Carolina, South Carolina and Tennessee. This prestigious award program recognizes entrepreneurs who demonstrate excellence and extraordinary success in areas such as innovation, financial performance and personal commitment to their businesses and communities.

"Being nominated as a finalist for Entrepreneur Of The Year is truly an honor and a reflection of all our entire team has accomplished over the last few years," said Simpson. Simpson is nominated for the multi-year effort to prevent the failure of two century-old banks, CommunityOne and Bank of Granite, merging them, and restoring the new CommunityOne to health and profitability, and service to its communities. This feat had never been attempted, much less accomplished, in the history of U.S. banking.
Simpson was selected as a finalist for Entrepreneur Of The Year by a panel of independent judges and will attend the awards gala on June 26 at the InterContinental Buckhead Hotel in Atlanta. The Entrepreneur Of The Year program, now in its 28th year, recognizes company builders in over 145 cities and more than 60 countries worldwide.

About CommunityOne Bancorp

CommunityOne Bancorp is the North Carolina-based bank holding company for CommunityOne Bank, N.A. Founded in 1907 as First National Bank of Asheboro, CommunityOne has grown into a $2 billion community bank, operating 50 branches throughout central, southern and western North Carolina. CommunityOne offers a wide variety of
consumer, mortgage and commercial banking services to retail and business customers, including loans, deposits, treasury management, wealth and online banking. CommunityOne Bancorp's shares are traded on the NASDAQ stock market under the symbol, "COB."
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