FNB United FNBN
N.A. and Bank of Granite, announced today that it has filed a
prospectus supplement under which it may from time to time sell up to two
million shares of its common stock pursuant to an at-the-market equity
offering program. The shares will be offered through Sandler O'Neill &
Partners, L.P. as sales agent. Sales, if any, would be made in transactions
that are deemed to be at-the-market offerings, including sales made directly
on the NASDAQ Capital Market or sales made to or through a market maker other
than on an exchange or by privately negotiated transactions. The Company
intends to use the proceeds from any sales for general corporate purposes of
the Company or contributions to the capital of the Banks.
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