ASHEBORO, N.C. - (Business Wire) FNB United Corp. (NASDAQ:FNBN), the holding company for CommunityONE Bank, N.A., today announced that its Board of Directors declared a regular quarterly cash dividend of $0.10 per share. The dividend will be paid on July 24, to shareholders of record on June 26, 2008 and represents a 3.91% yield based on the recent stock price. On April 24, 2008 the company paid a $0.15 per share dividend.
“In these uncertain economic times, the board believes it is prudent to conserve capital to support the company
’s growth,
” stated Michael Miller, President and CEO.
FNB United Corp. (FNBN), with approximately $2.03 billion in total assets, is the Asheboro, North Carolina-based bank holding company for CommunityONE Bank, N.A., and the bank’s subsidiary, Dover Mortgage Company. Opened in 1907, CommunityONE (MyYesBank.com) operates 43 offices in 35 communities throughout central, southern and western North Carolina. Through these companies, FNB United offers a complete line of consumer, mortgage and business banking services, including loan, deposit, cash management, wealth management and internet banking services.
FNB United Corp.
Mark Severson, 336-626-8351
