CommunityOne Bancorp      March 5, 2014   Investor Presentation
 Forward Looking Statements & Other Information              Forward Looking Statements   This presentation contains certain forward-looking statements within the safe harbor rules of the federal securities laws.   These statements generally relate to COB’s financial condition, results of operations, plans, objectives, future   performance or business. They usually can be identified by the use of forward-looking terminology, such as “believes,”   “expects,” or “are expected to,” “plans,” “projects,” “goals,” “estimates,” “may,” “should,” “could,” “would,” “intends to,”   “outlook” or “anticipates,” or variations of these and similar words, or by discussions of strategies that involve risks and   uncertainties. Forward looking statements are subject to risks and uncertainties, including but not limited to, those risks   described in COB’s Annual Report on Form 10-K for the year ended December 31, 2012 under the section entitled   “Item 1A, Risk Factors,” and in the Quarterly Reports of Form 10-Q and other reports that are filed by COB with the   Securities and Exchange Commission. You are cautioned not to place undue reliance on these forward-looking   statements, which are subject to numerous assumptions, risks and uncertainties, and which change over time. These   forward-looking statements speak only as of the date of this presentation. Actual results may differ materially from   those expressed in or implied by any forward looking statements contained in this presentation. We assume no duty to   revise or update any forward-looking statements, except as required by applicable law.   Non-GAAP Financial Measures   In addition to the results of operations presented in accordance with Generally Accepted Accounting Principles (GAAP),   COB management uses and this presentation contains or references, certain non-GAAP financial measures, such as   core earnings and core noninterest expense to average assets and tangible book value. COB believes these non-   GAAP financial measures provide information useful to investors in understanding our underlying operational   performance and our business and performance trends as they facilitate comparisons with the performance of others in   the financial services industry; however, these non-GAAP financial measures should not be considered an alternative   to GAAP. The non-GAAP financial measures contained within this presentation should be read in conjunction with the   audited financial statements and analysis as presented in COB’s Annual Report on Form 10-K as well as the unaudited   financial statements and analyses as presented in COB’s Quarterly Reports on Form 10-Q. A reconciliation of non-   GAAP measures to the most directly comparable GAAP measure is included within tables in the presentation or with   the appendix to this presentation.     2
 3   – Contributed $310 million in new capital   – Merged CommunityOne Bancorp and Bank of Granite Corp   – Installed new experienced management team and Board    – Preserved DTA        Recapitalization and merger   in 2011         – Returned to profitability in 2nd half of 2013 - $6.3 million in net income   – Achieved targeted synergies with Bank merger     – Resolved all legacy enforcement actions    – Exceeded asset quality goals with minimal credit cost    Achieved or exceeded   turnaround goals for 2013         – Strategic Initiatives help drive loans to deposits ratio from 69% to mid   70% range    – 3% deposit growth aided by investments in Treasury Management   and online/mobile banking infrastructure   – 4% core expense savings invested in Strategic Initiatives   – Continued improvements in asset quality     – Pursue growth through acquisitions          Key objectives for 2014         – CommunityOne Bank founded in 1907 as First National Bank of   Asheboro   – Bank of Granite founded in 1906   – High quality, low cost deposit franchises       Long history of performance         CommunityOne at a Glance   3
 Attractive Franchise    Attractive community banking   franchise in North Carolina       High quality, low cost core   deposit base       Experienced origination teams   in key lending markets   – Metro Charlotte   – Piedmont Triad   – Legacy markets of Hickory   and Asheboro   – Commercial Real Estate       Full range of capabilities   – Commercial banking, small   business banking, treasury   services, consumer banking,   auto finance, mortgage   banking, wealth   management, and trust      4
 Experienced Leadership and Board   5   Executive Officers Experience   Brian Simpson   Chief Executive Officer   Bob Reid   President   Dave Nielsen   Chief Financial Officer   Beth DeSimone   General Counsel and Chief Risk Officer   Neil Machovec   Chief Credit Officer   Non-Management Directors Experience   Austin Adams   Chairman   John Bresnan   Director   Scott Kauffman   Director   Jerry Licari   Audit Committee Chair   Chan Martin   Risk Management Committee Chair   Gray McCaskill   Director   Ray McKenney   Compensation and Nominating Committee Chair   Boyd Wilson   Director   EVP of Broyhill Investments, a family office, and CFO of BMC Fund, a registered investment company.   34 years of banking experience, including Small Business Risk Management Executive and Commercial Card Risk   Executive at Bank of America and Director of Credit Policy and Risk Management at HSBC Mortgage. Services.   Retired Chief Information Officer and Executive Committee member at JPMorgan Chase, Banc One and First   Union.  Board member at Dun & Bradstreet, Spectra Energy and Commscope.   Retired banking and financial services executive, including CRO for Corporate and Investment Banking at First   Union/Wachovia and Managing Director of Credit at Lehman Brothers.   18 years of banking and financial services experience, including Principal in the Business and Financial Services   Group at Oak Hill Capital and Co-COO for the America's Financial Institutions Group at Goldman Sachs.   Retired Engagement Partner and SEC Reviewing Partner for insurance and bank clients and Partner in Charge of   the US Banking Practice and the Financial Risk Management Practice.   Retired banking and financial services executive at Bank of America including Treasurer, Enterprise Market and   Operational Risk Executive and Global and Corporate Banking Risk Executive.  Board member at CNL Healthcare.   President of MBM Auto Management, a multi-franchise automobile and powersports management company which   he founded in 1981.   20 years of banking experience as senior executive and Operating Committee member at First Union, including   Head of Structured Products, Real Estate Capital Markets and Leasing and Head of Balance Sheet Management.    33 years of banking experience as senior executive at First Union/Wachovia/Wells Fargo including President of TN,   PA/DE and NY/NJ/CT regions, President of Retirement & Investment Products and Head of Real Estate.   25 years of banking and financial services experience at KPMG, First Union/Wachovia/Wells Fargo including   Wholesale Integration Manager for the Wells Fargo/Wachovia Merger, and COO of Corporate and Investment   Banking.   25 years at Arnold & Porter in the Corporate and Financial Institution area.  DeSimone's practice concentrated on   regulatory matters, mergers and acquisitions and consumer banking issues.   CEO of Senn Dunn Insurance, the largest privately-owned insurance agency in NC, specializing in business   insurance, employee benefits and personal insurance.
 Profitability Restored    Two consecutive profitable   quarters    – $6.3 million in 2nd half of   2013    Core earnings were $3.8   million in 4Q and $10.4 million   for full year 2013    Core noninterest expense to   average assets trending down   to 3.34% in 4Q, and 3.50% for   2013    Positive credit    – Net annualized charge offs   of 0.14% in 4Q 13 and   0.26% for the year   – No net OREO costs in 2nd   half of 2013    4Q earnings impacted by $2.7   million impairment from cash   flow reforecast for Granite   purchased impaired loan   portfolio   6   2013 Performance Metrics   Dollars in thousands except per share data 1Q 2013 2Q 2013 3Q 2013 4Q 2013 2013   Net income/(loss) before taxes from continuing operations (2,743)$      (2,947)$      4,292$       1,240$        (158)$           Net income/(loss) from continuing operations, net of taxes (4,596)        (3,183)        4,006         2,290         (1,483)          Net income/(loss) to common shareholders (4,596)        (3,183)        4,006         2,290         (1,483)          (0.21)          (0.15)          0.18           0.11           (0.07)            Net income/(loss) to common shareholders per share (0.21)          (0.15)          0.18           0.11           (0.07)            Return on average assets (0.88%) (0.62%) 0.79% 0.45% (0.07%)   Return on average equity (19.3%) (14.5%) 21.0% 11.05% (1.73%)   Net interest margin 3.20% 3.27% 3.76% 3.52% 3.44%   Core noninterest expense to average assets   1 3.66% 3.59% 3.42% 3.34% 3.50%   1  Non-GAAP measure.  See Appendix for reconciliation to GAAP presentation.   Net income/(loss) from continuing operations to        common shareholders per share   2013 Results   Results of Operations   Dollars in thousands 1Q 2013 2Q 2013 3Q 2013 4Q 2013 2013   Net interest income 15,173$      15,414$      17,382$      16,464$      64,433$        Provision for loan losses (110)           1,057         350            (1,820)        (523)             Noninterest income 6,533         5,247         4,487         4,147         20,414         Noninterest expense (24,339)      (24,665)      (17,927)      (17,551)       (84,482)        Net income before tax (2,743)        (2,947)        4,292         1,240         (158)             Income tax benefit (expense) (1,853)        (236)           (286)           1,050         (1,325)          Net income (loss) to common shareholders (4,596)        (3,183)        4,006         2,290         (1,483)          40$            1,821$       4,698$       3,807$        10,366$        1  Non-GAAP measure.  See Appendix for reconciliation to GAAP presentation.   Core Earnings 1
 0.0%   1.0%   2.0%   3.0%   4.0%   5.0%   6.0%   4Q 2012 1Q 2013 2Q 2013 3Q 2013 4Q 2013   Yield on Loans Yield on Investment Securities   0.0%   0.5%   1.0%   1.5%   2.0%   2.5%   3.0%   3.5%   4.0%   4Q 2012 1Q 2013 2Q 2013 3Q 2013 4Q 2013   Cost of Interest Bearing Deposits Net Interest Margin   Improving Net Interest Margin    Improving NIM trend   – 3.52% in 4Q 2013 and   3.44% in 2013   – Reduced non-performing   assets and lower deposit   costs    Loan accretion on Granite   purchased impaired loans   was $1.3 million in 4Q 2013,   and $5.7 for the year     Earning asset yield at 4.00%   for 2013, up from 3.75% in   2012   – Loan yield flat in 2013   – Securities yield improved   to 2.58% in 4Q 2013 from   1.98% in 4Q 2012    Average earning assets rose   $20.0 million in 4Q    4Q cost of interest bearing   deposits declined 1 bp to 50   bps   7   Loan and Securities Yield Trends Margin and Cost of Deposits Trends   2013 Results   Average Balances, Yields and Net Interest Margin   Dollars in thousands 1Q 2013 2Q 2013 3Q 2013 4Q 2013 2013   Average loans (includes loans held for sale) 1,147,347$ 1,114,841$ 1,188,357$ 1,199,309$ 1,162,677$      Average yield 5.24% 5.21% 5.35% 4.97% 5.19%   Average loans and securities 1,712,572   1,692,304   1,784,130   1,785,541   1,743,948     Average earning assets 1,931,330   1,895,137   1,839,359   1,859,379   1,880,892        Average yield 3.80% 3.85% 4.29% 4.05% 4.00%   Average interest bearing liabilities 1,734,391   1,675,133   1,606,302   1,611,915   1,656,906        Average rate 0.68% 0.65% 0.61% 0.61% 0.64%      Average cost of interest bearing deposits 0.57% 0.54% 0.51% 0.50% 0.53%   Net interest margin 3.20% 3.27% 3.76% 3.52% 3.44%   Net interest rate spread 3.13% 3.20% 3.68% 3.44% 3.36%
 $79   $71   $59   $51   $35   $63   $47   $36   $33   $28   $0   $20   $40   $60   $80   $100   $120   $140   $160   4Q 2012 1Q 2013 2Q 2013 3Q 2013 4Q 2013   M   ill   io   n   s   o   f D   o   lla   rs   Nonperforming loans OREO and foreclosed assets   $72 $63   $47 $44 $46   $153   $137   $121   $115   $96   $0   $25   $50   $75   $100   $125   $150   $175   $200   $225   $250   4Q 2012 1Q 2013 2Q 2013 3Q 2013 4Q 2013   M   ill   io   ns    o   f D   ol   la   rs   Special Mention Loans Classified Loans   Continued Asset Quality Improvements    Non-performing assets fell   by $20.8 million (25%)   during the quarter, and by   $79.0 million (55%) since   year end 2012   – Reduced to 3.2% of   total assets from 6.6%   at the end of 2012    Continued loan quality   improvement in 4Q   – Classified loans   decreased by $19.0   million (17%)   – Nonperforming loans   fell by $16.0 million   (31%) in 4Q    The ALL was reduced to   $26.8 million, reflecting   the improved asset quality   – Net charge offs were   0.26% of loans in 2013   – ALL is 2.21% of loans   held for investment   8   37% decline 55% decline   Loan Risk Grade Trends Non-performing Asset Trends   Asset Quality Trends   Dollars in thousands 1Q 2013 2Q 2013 3Q 2013 4Q 2013 2013   Allowance for loan losses (ALL) 29,641$      25,085$      25,387$      26,785$      26,785$        Nonperforming loans / Total loans 6.3% 5.0% 4.3% 2.9% 2.9%   Nonperformi g assets / Total assets 5.6% 4.7% 4.1% 3.2% 3.2%   Annualized net charge-offs / Average loans (0.08%) 1.26% (0.22%) 0.14% 0.26%   Allowance for loan loss / Total loans 2.66% 2.11% 2.12% 2.21% 2.21%
 Valuable Deferred Tax Asset     Consolidated net deferred   tax asset of $158.3 million   at the end of 4Q 2013   – $10.2 million currently   reflected on balance   sheet and in equity   – $148.0 million   remaining DTA   valuation allowance    9   Deferred Tax Asset Rollforward   Dollars in Millions Net DTA   DTA   Valuation   Allowance   Unreserved   Net DTA   Beginning Balance , December 31, 2012 183.2$       (182.4)$      0.8$             OCI, tax strategies and other adjustments 8.6             0.8             9.4               (28.3)          28.3           -                  (5.3)            5.3             -                  Ending Balance, December 31, 2013 158.3$       (148.0)$      10.2$           Tangible Book Value   Dollars and Shares in Millions, except per share data 4Q 2013   Book value of equity 80.36$         Less:   Intangible assets 11.1             Tangible book value 1 69.24$         Shares 21.86           Tangible book value per share 1 3.17$           1  Non-GAAP measure.  Reconciliation to comparable GAAP measure included in this table.   Impact of Bank of Granite Corp. Section 382 change        in control limitations on NOLs and built in losses   Impact of State of North Carolina corporate income tax        rate reduction
 10   – Enhanced organic growth in 2014, aided by Strategic Initiatives   – Reduced headwinds from resolution activity and mortgage   prepayments   – Increasingly active in industry M&A dialogue          Poised for growth in 2014   and beyond         – Company returned to health and profitability in 2013    – $6.3 million net income in 2nd half of 2013   – Resolved all legacy enforcement actions    – Achieved anticipated merger synergies with bank merger   – NPAs reduced by 55%, from 6.6% to 3.2% of assets   – Net chargeoffs of 26 basis points in 2013 compared to ALL of 2.21%       Achieved or completed   turnaround goals for 2013         Closing Comments   10
 Questions   11
 Appendix   12
 Non-GAAP Measures    Reconciliation of non-   GAAP measures to the   most directly   comparable GAAP   measure   13   Reconciliation of Non-GAAP Measures   Dollars in thousands 1Q 2013 2Q 2013 3Q 2013 4Q 2013 2013   Net income/(loss) to common shareholders (4,596)$      (3,183)$      4,006$       2,290$        (1,483)$        Less taxes, credit costs and nonrecurring items:      TaxesIncome tax benefit (expense) (1,853)        (236)           (286)           1,050         (1,325)             Other real estate owned expenseGain on sales of securiti s 2,377         345            50              -                2,772              Provision expenseOther real estate owned expense (883)           (3,332)        98              (21)             (4,138)             Merger related expenseProvision for loan losses (110)           1,057         350            (1,820)        (523)             Mortgage and litigation accruals -                370            117            -                487              Loan collection expense (1,519)        (1,146)        (1,120)        (548)           (4,333)          Branch closure and restructuring expenses (587)           (15)             105            (178)           (675)             Rebranding expense (552)           (58)             (6)              -                (616)             Merger-related expense (1,509)        (1,989)        -                -                (3,498)          Core Earnings (Non-GAAP) 40$            1,821$       4,698$       3,807$        10,366$
 14   Investor Contacts      Brian Simpson   Chief Executive Officer      Bob Reid   President      Dave Nielsen   Chief Financial Officer         1017 East Morehead Street   Suite 200   Charlotte, NC 28204   800-873-1172   www.community1.com