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Change In Executive Officers And Board Of Directors
12 Months Ended
Dec. 31, 2011
Change In Executive Officers And Board Of Directors [Abstract]  
Change In Executive Officers And Board Of Directors

Note 23 – Change in Executive Officers and Board of Directors

On October 21, 2011, effective upon the consummation of the Merger and the Recapitalization, nine directors of FNB - 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 - resigned as members of the FNB's Board of Directors. None of the directors resigned from the Board of Directors because of any disagreements relating to FNB's operations, policies or practices. The following individuals were appointed to fill the vacancies created by these resignations of the former directors: 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 effective on October 21, 2011 immediately following the merger and recapitalization, R. Larry Campbell, FNB's and CommunityOne's President and Chief Executive Officer; Mark A. Severson, FNB's Executive Vice President and Treasurer and the Chief Financial Officer and Executive Vice President of CommunityOne Bank; and R. Mark Hensley, Executive Vice President and Chief Banking Officer of CommunityOne Bank, each resigned. Upon their resignations, Brian E. Simpson, Chief Executive Officer; Robert L. Reid, President, and David L. Nielsen, Chief Financial Officer; were appointed to hold the principal offices, effective immediately.