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|         |                                                                                                                                                                                                                                                                                                                                                |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | the impact on the amount of CommunityOne’s deferred tax asset that would be limited if the Internal Revenue Service decreased by regulation U.S. Treasury re evaluated the rate used to determine such limitation upon a change in control and thereby potentially significantly decreasing the value of the deferred tax asset; |

|                                        |
|----------------------------------------|
|                                        |  |  |  |  |  |
|                                   | CommunityOne(1) | CommunityOne Peer Group Median | CommunityOne Peer Group Mean | CommunityOne Peer Group Low | CommunityOne Peer Group High |
| Total assets (in millions)             | $2,353 | $2,478 | $2,293 | $1,512 | $3,273 |
| Tangible common equity/Tangible assets | 11.39% | 10.05% | 9.99% | 8.27% | 12.80% |
| Tier 1 leverage ratio                  | 8.43% | 11.31% | 11.12% | 9.60% | 12.03% |
| Total risk-based capital ratio         | 13.80% | 15.99% | 15.12% | 11.77% | 16.65% |
| LTM Return on average assets           | 0.36% | 0.80% | 0.69% | 0.31% | 0.93% |
| LTM Return on avg. equity              | 3.49% | 6.90% | 5.85% | 2.21% | 8.42% |
| LTM Net interest margin                | 3.46% | 3.76% | 3.73% | 3.24% | 4.18% |
| LTM Efficiency ratio                   | 80.9% | 67.2% | 70.0% | 59.5% | 88.8% |
| Loan loss reserves/Gross loans         | 1.13% | 1.21% | 1.12% | 0.51% | 1.45% |
| Nonperforming assets(2)/Total assets   | 2.20% | 1.46% | 1.65% | 0.47% | 3.76% |
| Price/Tangible book value              | 127% | 147% | 145% | 108% | 174% |
| Price/LTM Earnings per share           | 41.4x | 16.2x | 17.1x | 14.8x | 19.9x |
| Price/2015 Earnings per share(3)       | 31.1x | 15.1x | 18.9x | 14.5x | 30.9x |
| Price/2016 Earnings per share(3)       | 24.5x | 14.3x | 17.3x | 13.9x | 27.5x |
| Current dividend yield                 | 0.0% | 1.6% | 1.6% | 0.0% | 3.8% |
| Market value (in millions)             | $336 | $339 | $316 | $220 | $383 |

|     |                                                                                                                                        |
|-----|----------------------------------------------------------------------------------------------------------------------------------------|
| (1) | LTM ROAA, LTM ROAE and LTM EPS adjusted to exclude reversal of valuation allowance on the deferred tax asset, assuming a 35% tax rate. |

|     |                                                                                                                    |
|-----|--------------------------------------------------------------------------------------------------------------------|
| (2) | Nonperforming assets defined as nonaccrual loans and leases, renegotiated loans and leases, and real estate owned. |

|     |                                                                              |
|-----|------------------------------------------------------------------------------|
| (3) | Based on median analyst earnings per share estimates as reported by FactSet. |

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|                                        |
|----------------------------------------|
|                                        |  |  |  |  |  |
|                                   | Capital Bank Financial(1) | Capital BankFinancial Peer GroupMedian | Capital Bank Financial Peer Group Mean | Capital Bank Financial Peer Group Low | Capital Bank Financial Peer GroupHigh |
| Total assets (in millions)             | $7,261 | $7,919 | $7,639 | $5,201 | $9,414 |
| Tangible common equity/Tangible assets | 12.25% | 9.12% | 9.11% | 7.40% | 12.62% |
| Tier 1 leverage ratio                  | 13.60% | 10.28% | 10.21% | 8.23% | 14.30% |
| Total risk-based capital ratio         | 16.38% | 12.56% | 12.98% | 11.40% | 16.52% |
| LTM Return on average assets           | 0.78% | 0.98% | 1.11% | 0.59% | 2.10% |
| LTM Return on avg. equity              | 5.06% | 8.28% | 8.92% | 4.30% | 15.02% |
| LTM Net interest margin                | 3.94% | 4.10% | 4.13% | 3.29% | 5.33% |
| LTM Efficiency ratio                   | 64.8% | 57.2% | 55.9% | 35.7% | 64.4% |
| Loan loss reserves/Gross loans         | 0.86% | 0.77% | 0.79% | 0.57% | 1.14% |
| Nonperforming assets(2)/Total assets   | 0.99% | 0.97% | 0.97% | 0.41% | 1.60% |
| Price/Tangible book value              | 170% | 261% | 263% | 172% | 410% |
| Price/LTM Earnings per share           | 29.5x | 20.6x | 21.4x | 16.0x | 27.8x |
| Price/2015 Earnings per share(3)       | 26.4x | 17.8x | 19.5x | 14.4x | 26.0x |
| Price/2016 Earnings per share(3)       | 21.2x | 15.8x | 16.5x | 13.3x | 21.6x |
| Current dividend yield                 | 1.2% | 1.3% | 1.4% | 0.0% | 2.9% |
| Market value (in millions)             | $1,470 | $1,489 | $1,844 | $1,048 | $4,730 |

|     |                                                       |
|-----|-------------------------------------------------------|
| (1) | Nonperforming assets/total assets as of June 30, 2015 |

|     |                                                                                                                    |
|-----|--------------------------------------------------------------------------------------------------------------------|
| (2) | Nonperforming assets defined as nonaccrual loans and leases, renegotiated loans and leases, and real estate owned. |

|     |                                                                              |
|-----|------------------------------------------------------------------------------|
| (3) | Based on median analyst earnings per share estimates as reported by FactSet. |

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|                              |
|------------------------------|
|                              |  |  |
| Acquirer                     | Target | Announcement Date |
| Bank of the Ozarks, Inc.     | C1 Financial, Inc. | 11/09/15 |
| BB&T Corporation         | Bank of Kentucky Financial Corp. | 09/08/14 |
| IBERIABANK Corporation       | Old Florida Bancshares Inc. | 10/27/14 |
| Renasant Corporation         | Heritage Financial Group Inc. | 12/10/14 |
| Simmons First National Corp. | Community First Bancshares Inc. | 05/06/14 |
| TowneBank                    | Franklin Financial Corporation | 07/15/14 |
| United Community Banks, Inc. | Palmetto Bancshares Inc. | 04/22/15 |
| Valley National Bancorp      | 1st United Bancorp Inc. | 05/08/14 |
| Valley National Bancorp      | CNLBancshares, Inc. | 05/27/15 |
| Yadkin Financial Corporation | NewBridge Bancorp | 10/13/15 |
| Yadkin Financial Corporation | VantageSouth Bancshares | 01/27/14 |

|                                                      |
|------------------------------------------------------|
|                                                      |  |  |  |  |  |
|                                                 | CommunityOne / Capital Bank Financial | Regional Precedent Transactions Group Median | Regional PrecedentTransactionsGroup Mean |
| Transaction price/LTM earnings per share             | 43.1x | 24.6x |  | 26.3x |  |
| Transaction price/estimated earnings per share(1): . | 25.3x | 22.9x |  | 21.7x |  |
| Transaction price/Tangible book value per share:     | 131% | 178% |  | 177% |  |
| Transaction price/Adjusted tangible book value per   |   |   |   |
| share(2):                                            | 174% | — |  |   --- |  |
| Core deposit premium(3):                             | 5.2% | 11.3% |  | 11.2% |  |
| Adjusted core deposit premium(2)(3):                 | 9.3% | — |  | --- |  |
| 1-Day market premium:                                | 4.2% | 20.8% |  | 22.5% |  |
| Adjusted 1-Day market premium(4)           | 21.4% | — |  | — |  |

|     |                                                                              |
|-----|------------------------------------------------------------------------------|
| (1) | Based on median analyst earnings per share estimates as reported by FactSet. |

|     |                                                                                                                                   |
|-----|-----------------------------------------------------------------------------------------------------------------------------------|
| (2) | Reduction of tangible common equity due to Section 382 limitation of $66 million, as provided by CommunityOne’s management. |

|     |                                                                                                                                                                                                                                             |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (3) | Tangible book premium to core deposits calculated as (deal value-tangible equity) / (core deposits); core deposits defined as deposits, less time deposit accounts with balances over $100,000, foreign deposits and unclassified deposits. |

|     |                                                                                                                                         |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------|
| (4) | One-day market premium adjusted to reflect CommunityOne common stock 90-day volume weighted average trading price on November 20, 2015. |

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|                     |
|---------------------|
|                     |  |  |  |
| Risk Free Rate      | 4.0% |   | Based on Normalized 20yr US Treasury |
| Equity Risk Premium | 5.0% |   | Per Duff & Phelps 2015 Valuation Handbook |
| Size Premium        | 3.7% |   | Per Duff & Phelps 2015 Valuation Handbook |
| Industry Premium    | 1.2% |   | Per Duff & Phelps 2015 Valuation Handbook |
| Discount Rate       | 13.9% |   |   |

|                                            |
|--------------------------------------------|
|                                            |  |  |  |
| Risk Free Rate                             | 4.0% |   | Based on Normalized 20yr US Treasury |
| Two-year Beta of Capital Bank common stock | 0.71x |   | Per Bloomberg |
| Equity Risk Premium                        | 5.0% |   | Per Duff & Phelps 2015 Valuation Handbook |
| Discount Rate                              | 7.6% |   |   |

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|                          |
|--------------------------|
|                          |  |  |  |  |  |
|                     | 12/31/16 | 12/31/17 | 12/31/18 | 12/31/19 | 12/31/20 |
| CommunityOne Net Income: | $14.3 | $17.9 | $23.7 | $28.6 | $34.6 |
|                     |   |   |   |   |   |
| Note: $ in millions      |   |   |   |   |   |

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