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Stock Market & Financial Investment News

News Breaks
July 1, 2014
08:39 EDTCOB, FNFGCommunityOne Bancorp chair resigns to join First Niagara board
CommunityOne Bancorp (COB) announced that the Chair and lead independent director of its board, Austin A. Adams, has resigned. He has been appointed a director at First Niagara Financial Group (FNFG), and its subsidiary bank, First Niagara Bank, N.A., and banking law prevents Austin from serving on two bank boards at the same time. The board has unanimously elected J. Chandler Martin as chair of the board and lead independent director in place of Adams. Martin is the former Treasurer of Bank of America, N.A., Charlotte, North Carolina, where he was responsible for funding, liquidity and interest rate risk management. Martin has been on the board of CommunityOne since it was recapitalized in October 2011.
News For COB;FNFG From The Last 14 Days
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September 19, 2014
14:56 EDTFNFGFirst Niagara files automatic mixed securities shelf
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September 12, 2014
08:17 EDTCOBCommunityOne Bancorp CEO Simpson to leave Sep. 30, Bob Reid to assume CEO role
CommunityOne Bancorp announced that Brian Simpson, its CEO, as well as the CEO of CommunityOne Bank, N.A., who led the Bank and the Bank of Granite formerly based in Hickory, NC, back to profitability, is leaving the company effective September 30. 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, will assume the duties of CEO going forward upon receipt of supervisory nonobjection. Reid has been president of CommunityOne for the past three years.

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