Exhibit 99.1
For Immediate Release
June 19, 2006
[LOGO] For Information Contact:
FNB UNITED CORP. Michael C. Miller, 336-626-8300
P.O. Box 1328, Asheboro, NC 27204 Phone 336-626-8300
101 Sunset Avenue, Asheboro, NC 27203 Fax 336-626-8374
FNB United Corp. Names Four New Directors
Asheboro, NC - FNB United Corp. (NASDAQ: FNBN) (FNB United) announced
today that David E. Cline, Robert P. Huntley, H. Ray McKenney and Carl G. Yale
were elected to the board of directors of FNB United at its June 15th meeting.
The new directors are former board members of Integrity Financial Corporation
and its banking subsidiary First Gaston Bank, which merged with FNB United in
April.
"We are pleased to welcome our First Gaston friends and colleagues to
FNB United" remarked Michael C. Miller, President and Chairman. "Each possesses
the business background and understanding of key local markets to provide a
unique and valuable perspective to our board. We look forward to hearing their
thoughts and ideas as our company continues to grow into new communities in
western North Carolina."
A native of Cabarrus County, Cline graduated from North Carolina State
University. He manages Cirrus Medical Staffing and serves as president of Cline
Seabrook Company. Cline is a former chairman of North Carolina Partnership for
Economic Development, Gastonia East Rotary Club and Gaston Chamber of Commerce.
In addition, he is a former executive board member of the Charlotte Chamber of
Commerce. A founding director of First Gaston Bank, he also served as Chairman
of the board of directors. Cline and his wife, Leslie, reside in Waxhaw, NC.
A native of Catawba County, Huntley is a CPA and licensed contractor
for Timber Ridge Lumber Company. A former Lieutenant in the US Navy, he
graduated from Lenoir Rhyne College and received his MBA from the University of
North Carolina at Chapel Hill. Huntley has served as treasurer of both the Lions
Club and The Rotary Club of Lake Hickory, and has served on the sub-division
review board for the City of Hickory. He also served as founding director of
Catawba Valley Bank. Huntley and his wife, Patricia, attend First Baptist Church
where he is a Sunday school teacher and member of the finance committee. They
have a daughter, Lisa, and two granddaughters.
McKenney owns McKenney Dealerships and has worked in the automobile
industry for 34 years. He is the director of the North Carolina Auto Dealers
Association and past chairman of Holy Angels, Inc. McKenney was also a founding
director of First Gaston Bank. McKenney and his wife, Paige, have four children
and reside in Cramerton. The family attends Cramer Methodist Church.
Yale is a native of Wilkes County and graduate of Virginia Polytechnic
and State University. He has been a CPA with Hemric & Yale for the past 24 years
and is a volunteer for the Health Foundation. Yale has also contributed his time
to such civic groups as Wilkes Regional Medical Center, Wilkes Chamber of
Commerce, Wilkes United Way and Smart Start. He is also a former president of
Oakwoods Country Club. Yale and his wife, Franz, attend St. Paul's Episcopal
Church.
FNB United Corp. is the central North Carolina-based bank holding
company for First National Bank and Trust Company, First Gaston Bank, including
its divisions Catawba Valley Bank and Northwestern Bank, and Dover Mortgage
Company. Opened in 1907, First National (MyYesBank.com) operates 25 community
YES! Banks in Archdale, Asheboro, Biscoe, Burlington, China Grove, Ellerbe,
Graham, Greensboro, Hillsborough, Kannapolis, Laurinburg, Pinehurst, Ramseur,
Randleman, Rockingham, Salisbury, Seagrove, Siler City, Southern Pines and
Trinity. First Gaston Bank (firstgaston.com) commenced operations in 1995 and
operates five community offices in Belmont, Dallas, Gastonia, Mt. Holly and
Stanley. It also operates community offices as Catawba Valley Bank
(catawbavalleybank.com) in Hickory, Mooresville, Newton and Statesville and as
Northwestern Bank of Wilkesboro (nwesternbank.com) in Boone, Millers Creek,
Taylorsville, Wilkesboro and West Jefferson. Dover Mortgage Company
(dovermortgage.com) operates 10 mortgage production offices in Carolina Beach,
Charlotte, Goldsboro, Greensboro, Greenville, Lake Norman, Leland, Raleigh,
Waxhaw and Wilmington. Through its subsidiaries, FNB United Corp. offers a
complete line of consumer, mortgage and business banking services, including
loan, deposit, cash management, wealth management and internet banking services.
The Federal Deposit Insurance Corporation insures deposits up to applicable
limits.
FNB United stock is traded on the NASDAQ National Market under the
symbol FNBN.
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Enclosures: Photos
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