Hancock joined the board of First National Bank of Asheboro, predecessor to CommunityONE and FNB United, in 1973. Pugh joined the boards of First National and FNB United in 1988. First National Bank and Trust Company became CommunityONE Bank in June, 2007.
The retirements are in accord with the company’s governance policies, and there are no disagreements with the board of either the holding company or bank.
Michael Miller, chairman of FNB United, said: These fine businessmen contributed greatly in guiding the Bank’s growth and strategy during their terms of service.
