On October 21, 2011, FNB United completed its $310 million capital raise. With the completion of the recapitalization of the Company, and the contribution by the Company of $232.5 million in cash capital to the Bank, the Bank is in compliance with the capital ratios required in the Order and has been designated as “adequately capitalized” as of October 21, 2011.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.