ASHEBORO, N.C., Nov. 10, 2010 (GLOBE NEWSWIRE) -- FNB United Corp. (Nasdaq:FNBN), the holding company for CommunityONE Bank, N.A., and its wholly owned subsidiary, Dover Mortgage Company, today reported a net loss of $55.7 million, or $(4.87) per diluted share, for the third quarter of 2010, compared to a net loss of $68.3 million, or $(5.98) per diluted share, for the third quarter a year ago. Third quarter 2010 results include a $55.9 million provision for loan losses. For the first nine months of the year, following a $92.8 million provision for loan losses, FNB United reported a net loss of $85.8 million, or $(7.51) per diluted share, compared to a net loss of $75.7 million, or $(6.63) per diluted share, in the first nine months of 2009.
FNB United Corp. Announces Third Quarter Results
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