CommunityOne Bancorp CEO Brian Simpson To Step Down - Quick Facts

(RTTNews) - CommunityOne Bancorp (COB) announced that Brian Simpson, 51, its Chief Executive Officer, as well as the CEO of CommunityOne Bank, N.A., who led the Bank and the Bank of Granite formerly based in Hickory, NC, is leaving the Company effective September 30, 2014.

He also is stepping down from the boards of directors of the Company and the Bank. He will be consulting with the Company for a period of up to two years. CommunityOne's current President, Bob Reid, 58, will assume the duties of CEO going forward upon receipt of supervisory nonobjection.

Reid has been President of CommunityOne for the past three years with responsibility for its lines of business, operations and technology, marketing, internal and external communications, community development and corporate real estate. Most recently he led CommunityOne's expansion of commercial lending activities in Greensboro, and into Winston-Salem and Raleigh.