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Change In Directors And Executive Officers
9 Months Ended
Sep. 30, 2011
Change In Directors And Executive Officers [Abstract] 
Change In Directors And Executive Officers

23. Change in Directors and Executive Officers

On October 21, 2011 and following the consummation of the Merger and recapitalization of FNB United through the issuance and sale of $310 million of its common stock, the following nine members of boards of directors of FNB United and the Bank resigned as directors: Larry E. Brooks, James M. Campbell, Jr., R. Larry Campbell, Darrell L. Frye, Hal F. Huffman, Jr., Thomas A. Jordan, Lynn S. Lloyd, Eugene B. McLaurin, II, and Carl G. Yale. The following individuals were appointed to fill the resulting vacancies: Austin A. Adams (Chairman), John J. Bresnan, Scott B. Kauffman, Jerry R. Licari, J. Chandler Martin, Robert L. Reid, Louis A. "Jerry" Schmitt, Brian E. Simpson and Boyd C. Wilson, Jr.

Also on October 21, 2011 and effective upon the consummation of the Merger, R. Larry Campbell, president and chief executive officer of FNB United and the Bank, Mark A. Severson, executive vice president and treasurer of FNB United and executive vice president and chief financial officer of the Bank, and R. Mark Hensley, executive vice president and chief banking officer of the Bank, resigned from their respective offices. The following individuals were thereupon elected as officers of the Company: Brian E. Simpson, chief executive officer; Robert L. Reid, president; David L. Nielsen, chief financial officer; David C. Lavoie, chief risk officer; Gregory P. Murphy, chief workout officer; and Angus M. McBryde, III, treasurer. The Company entered into employment agreements with each of Messrs. Simpson, Reid and Nielsen.