US bank gift card

ASHEBORO, N.C.--(BUSINESS WIRE)--FNB United Corp. (NASDAQ:FNBN), parent of CommunityONE Bank, N.A.,
announced continued advancement in its integrating of recent acquisitions
United Financial, Inc., and Integrity Financial, Inc. Arsenic portion of the
integration, CommunityONE Depository Financial Institution have sold its recognition card portfolio, along
with multiple portfolios acquired from former Integrity and United
subsidiaries, to Élan Financial Services, a
division of United States Depository Financial Institution (NYSE: USB).

As a consequence of the sale, FNB United Corporation will acknowledge a $1.3 million
non-recurring gain which will be reported with its 3rd one-fourth
results. Of that amount, $1.0 million will be from the sale of the
portfolio and $300,000 consequent from the recapture of the allowance for
loan loss modesty associated with the $4.0 million sold portfolio. Concurrently, a $250,000 disbursal have been recognized to cover the buyout
of two of the unexpired contracts with Visa.

“This new partnership with Élan
will significantly increase the figure and quality of recognition card
offers to the Bank’s retail and commercial
customers,” said Mark Hensley, CommunityONE
Head Banking Officer. “We volition be far more than
competitory in the recognition card sphere than we’ve
ever been. Retail clients will be provided with seven different
products, including Visa Platinum, Barred Visa and Visa Signature
products. Four different merchandises will be made available to commercial
customers, and both the retail and commercial offers have got a assortment
of wages programs. These improved programmes will allow CommunityONE to
increase fee income through a gross sharing agreement with Élan
on current and new cards.”

“The fusion of recognition card programmes is an
illustration of the advancement we are making in bringing these companies
together as a single team,” said Michael C.
Miller, FNB United President. “We are
improving merchandise offers and at the same clip reducing expense,
operating more than efficiently, and reducing risk.”

FNB United Corp. is the cardinal North Carolina-based depository financial institution retention
company for CommunityONE Bank, N.A. Opened in 1907, CommunityONE ()
runs forty-three offices in 35 communities throughout North
Carolina. Through its subsidiary, FNB United offers a complete line of
consumer, mortgage and concern banking services; including loan,
deposit, hard cash management, wealthiness direction and cyberspace banking
services.

This news release incorporates forward-looking statements regarding
hereafter events. These statements are only anticipations and are
subject to hazards and uncertainnesses that could do the existent events or
consequences to differ materially. These hazards and uncertainnesses
include hazards of managing our growth, alterations in fiscal markets,
regulating changes, alterations in involvement rates, alterations in economical
statuses being less advantageous than anticipated, and loss of sedimentations
and loan demand to other fiscal institutions. Additional
information concerning factors that could do existent consequences to be
materially different from those in the forward-looking statements is
contained in FNB United’s filings with the
Securities and Exchange Commission. FNB United makes not presume
any duty to update these forward-looking statements or to update
the grounds why existent consequences could differ from those proposed in the
forward-looking statements.