Bank of Granite Corporation

Bank of Granite Corporation operates as the bank holding company which through its subsidiary provides various consumer, mortgage, and business banking services to individual and business customers primarily in North Carolina. It accepts various deposit products that include non-interest-bearing and interest-bearing demand deposits, savings deposits, time deposits, and money market accounts. The companys loan portfolio comprises real estate construction loans, including retail properties, multi-family, industrial and warehouse, and other commercial real estate loans; real estate mortgage portfolio, such as 1-4 family residential and commercial loans; commercial and agricultural loans; and consumer loans. As of March 31, 2012, it operated 18 branches located in Burke, Caldwell, Catawba, Forsyth, Iredell, Mecklenburg, Watauga, and Wilkes counties in North Carolina. The bank was founded in 1906 and is headquartered in Granite Falls, North Carolina. As of October 21, 2011, Bank of Granite Corporation operates as a subsidiary of FNB United Corp.