|                            |
|----------------------------|
|                            |  |  |  |
| Filed by the Registrant x  |   | Filed by a Party other than the Registrant ¨ |
|                       |   |   |   |
| Check the appropriate box: |   |   |
|                       |   |   |   |
| x                          |  Preliminary Proxy Statement |   |   |
|                       |   |   |   |
| ¨                     | Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) |
|                       |   |   |   |
| ¨                     | Definitive Proxy Statement |   |   |
|                       |   |   |   |
| ¨                     | Definitive Additional Materials |   |   |
|                       |   |   |   |
| ¨                     | Soliciting Material under Rule 14a-12 |

|                                                    |
|----------------------------------------------------|
|                                                    |  |  |  |  |
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| x                                                  | No fee required. |   |   |
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|                                               |   |   |   |   |
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|                                               |   |   |
|                                               |   | Aggregate number of securities to which transaction applies: |
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|                                               |   | Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (Set forth the amount on which the filing fee is calculated and state how it was determined): |
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| ¨                                             | Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. |
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|                                               |   |   |   |   |
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|                                               |   | Filing Party: |   |   |
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|                                               |   | Date Filed: |   |   |
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|    |                                                                      |
|----|----------------------------------------------------------------------|
| 1. | To elect the following directors to the following classes and terms: |

|    |                                                                                                                               |
|----|-------------------------------------------------------------------------------------------------------------------------------|
| 2. | To approve an amendment to FNB's Amended and Restated Bylaws to eliminate the classified structure of the Board of Directors. |

|    |                                                                                                                  |
|----|------------------------------------------------------------------------------------------------------------------|
| 3. | To approve an amendment to FNB's Articles of Incorporation to change the company's name to CommunityOne Bancorp. |

|    |                                                                    |
|----|--------------------------------------------------------------------|
| 4. | To approve amendments to the FNB United Corp. 2012 Incentive Plan. |

|    |                                                                                                                              |
|----|------------------------------------------------------------------------------------------------------------------------------|
| 5. | To ratify the appointment of Dixon Hughes Goodman LLP as FNB’s independent registered public accounting firm for 2013. |

|    |                                                                                                        |
|----|--------------------------------------------------------------------------------------------------------|
| 6. | To approve a non-binding, advisory proposal on the compensation of FNB’s executive officers; and |

|    |                                                                                                            |
|----|------------------------------------------------------------------------------------------------------------|
| 7. | To transact such other business as may properly come before the meeting or any adjournment of the meeting. |

----

----

|                                                     |
|-----------------------------------------------------|
|                                                     |  |
|                                                |   |
| Meeting Information                                 | 5 |
| Beneficial Owners of FNB Common Stock               | 7 |
| Proposals to be Considered at the Annual Meeting    | 10 |
| FNB Corporate Governance                            | 18 |
| FNB Executive Officers                              | 23 |
| Compensation Discussion and Analysis                | 24 |
| Report of the Compensation and Nominating Committee | 30 |
| Payments Upon Termination or Change in Control      | 34 |
| Report of the Audit Committee                       | 37 |
| Future Shareholder Proposals                        | 38 |
| Other Matters                                       | 38 |

----

----

|        |
|--------|
|        |  |  |  |
|   |   |   | by notifying FNB's Secretary that you are revoking your proxy by written notice that bears a date later than the date of the proxy and that FNB receives prior to the Annual Meeting; |
|   |   |   | by signing another FNB proxy card bearing a later date and mailing it so that FNB receives it prior to the Annual Meeting; |
|   |   |   | by voting again using the telephone or Internet voting procedures; or |
|   |   |   | by attending the Annual Meeting and voting in person, although attendance at the Annual Meeting alone will not, by itself, revoke a proxy. |

----

|                                                                                                                                                                                                      |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                      |  |  |
| Name and Address of Beneficial Owner                                                                                                                                                                 | Amount and Nature  of Beneficial Ownership | Percent ofClass |
| Carlyle Financial Services Harbor, L.P. (1) Cayman Islandsc/o The Carlyle Group1001 Pennsylvania Avenue, N.W.Suite 220 SouthWashington, DC  20004-2505                                               | 4,930,313 | 23.4% |
| Oak Hill Capital Partners III, L.P. (2) Cayman IslandsOak Hill Capital Management Partners III, L.P.c/o Oak Hill Capital Management, LLC65 East 55th Street, 32nd FloorNew York, NY  10022 | 4,930,314 | 23.4% |
| The U.S. Department of the Treasury (3) 1500 Pennsylvania Avenue, NW Washington, DC 20220                                                                                                            | 1,107,626 | 5.2% |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | Based on information reported on Schedule 13D filed with the SEC on October 31, 2011, DBD Cayman Holdings, Ltd. is the sole shareholder of DBD Cayman, Ltd., which is the general partner of TCG Holdings Cayman II L.P., which is the general partner of TC Group Cayman Investment Holdings, L.P., which is the sole shareholder of Carlyle Financial Services, Ltd., which is the general partner of TCG Financial Services, L.P., which is the general partner of Carlyle Financial Services Harbor, L.P.  The shares of Common Stock are held directly by Carlyle Financial Services Harbor, L.P.  William E. Conway, Jr., Daniel A. D'Aniello and David M. Rubenstein are the ordinary members as well as the directors of DBD Cayman Holding, Ltd., and in such capacities, may be deemed to share the beneficial ownership of the shares of Common Stock owned by DBD Cayman, Ltd. William E. Conway., Jr., Daniel A. D'Aniello, David M. Rubenstein and Glenn Youngkin are the directors of Carlyle Financial Services, Ltd. and, in such capacity, may be deemed to share beneficial ownership of the shares of Common Stock beneficially owned by Carlyle Financial Services, Ltd. |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | Based on information reported on Schedule 13D filed with the SEC on October 31, 2011, the general partner of Oak Hill Capital Partners III, L.P. and Oak Hill Capital Management Partners III, L.P. (together the “Oak Hill Funds”) is OHCP GenPar III, L.P., a Cayman Islands limited partnership.  The general partner of OHCP GenPar III, L.P. is OHCP MGP Partners III, L.P., a Cayman Islands limited partnership.  The general partner of OHCP MGP Partners III, L.P. is OHCP MGP III, Ltd., a Cayman Islands company.  J. Taylor Crandall, Steven Gruber and Denis Nayden are the directors of OHCP MGP III, Ltd.  J. Taylor Crandall, Steven Gruber, Denis Nayden, John Fant, Kevin Levy, Ray Pinson, Shawn Hessing and John Monsky are the executive officers of OHCP MGP III, Ltd. Each of Messrs. Crandall, Gruber, Nayden, Fant, Levy, Pinson, Hessing and Monsky expressly disclaims beneficial ownership of the shares of Common Stock referred to herein.  |

|     |                                                                                                                                         |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------|
| (3) | Includes 1,085,554 shares of Common Stock issued on October 21, 2011, and 22,072 shares of Common Stock issuable upon warrant exercise. |

----

|                                      |
|--------------------------------------|
|                                      |  |  |
| Name                                 | Shares of Common Stock Beneficially Owned | Percent Owned |
| Austin A. Adams                      | 9,375 | * |
| John J. Bresnan (1)                  | 4,930,413 | 23.4 |
| Scott B. Kauffman (2)                | 4,930,414 | 23.4 |
| David C. Lavoie                      | 6,250 | * |
| Jerry R. Licari                      | 9,375 | * |
| J. Chandler Martin                   | 9,375 | * |
| Angus M. McBryde, III (3)            | 25,099 | * |
|  T. Gray McCaskill              | 0 | * |
| Herschel Ray McKenney, Jr. (4)       | 9,375 | * |
| Gregory P. Murphy (5)                | 29,980 | * |
| R. Reynolds Neely, Jr. (6)      | 829 | * |
| Robert L. Reid (7)                   | 45,510 | * |
| Louis A. “Jerry” Schmitt | 9,375 | * |
| Brian E. Simpson (8)            | 46,634 | * |
| Boyd Cecil Wilson, Jr. (9)      | 6,427 | * |
| Beth S. DeSimone (10)           | 17,969 | * |
| David L. Nielsen (11)                | 44,776 | * |

|     |                                                                                                                                                                                                                                                                                                                                                                                         |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | Includes 4,930,313 shares held by Carlyle Financial Services Harbor L.P.  Mr. Bresnan was a Managing Director of the The Carlyle Group and thus may be considered to have beneficial ownership of the shares held by Carlyle Financial Services Harbor L.P.  Mr. Bresnan disclaims beneficial ownership of all such shares except to the extent of his pecuniary interest therein.  |

|     |                                                                                                                                                                                                                                                                           |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | Includes 4,930,314 shares held by Oak Hill Capital Partners III, L.P.  Mr. Kauffman  is a principal of Oak Hill Capital Management, LLC, the adviser of the Oak Hill Funds, and disclaims beneficial ownership of the shares of Common Stock owned by the Oak Hill Funds. |

|     |                                                                                              |
|-----|----------------------------------------------------------------------------------------------|
| (3) | Includes 15,723 shares of unvested, long-term restricted stock granted on December 28, 2012. |

|     |                                             |
|-----|---------------------------------------------|
| (4) | Includes shares held through a corporation. |

|     |                                                                                              |
|-----|----------------------------------------------------------------------------------------------|
| (5) | Includes 11,230 shares of unvested, long-term restricted stock granted on December 28, 2012. |

|     |                                                                  |
|-----|------------------------------------------------------------------|
| (6) | Includes 309 shares held by his spouse and other family members. |

|     |                                                                                              |
|-----|----------------------------------------------------------------------------------------------|
| (7) | Includes 21,338 shares of unvested, long-term restricted stock granted on December 28, 2012. |

|     |                                                                                              |
|-----|----------------------------------------------------------------------------------------------|
| (8) | Includes 22,461 shares of unvested, long-term restricted stock granted on December 28, 2012. |

|     |                                              |
|-----|----------------------------------------------|
| (9) | Includes 39 shares  held by his spouse.  |

|      |                                                                                              |
|------|----------------------------------------------------------------------------------------------|
| (10) | Includes 17,969 shares of unvested, long-term restricted stock granted on December 28, 2012. |

|      |                                                                                              |
|------|----------------------------------------------------------------------------------------------|
| (11) | Includes 21,338 shares of unvested, long-term restricted stock granted on December 28, 2012. |

----

----

----

----

----

----

----

|                    |
|--------------------|
|                    |  |  |  |
|               |   | 2012 | 2011 |
| Audit Fees         | $477,020 | $692,592 |
| Audit-Related Fees | $53,000 | $56,200 |
| Tax Fees           | $65,345 | $65,790 |
| All Other Fees     | $0 | $0 |
| Total              | $595,365 | $814,582 |

----

----

----

|         |                                                                                                                             |
|---------|-----------------------------------------------------------------------------------------------------------------------------|
| • | preparing the agenda for Board meetings with the Secretary and in consultation with the CEO and other members of the Board; |

----

----

----

----

|                                      |
|--------------------------------------|
|                                      |  |  |
| Name                                 | Fees Earned or Paid in Cash ($) | Total ($) |
| Austin A. Adams                      | 75,000 | 75,000 |
| John J. Bresnan (1)                  | 50,000 | 50,000 |
| Scott B. Kauffman (2)                | 50,000 | 50,000 |
| Jerry R. Licari                      | 75,000 | 75,000 |
| J. Chandler Martin                   | 75,000 | 75,000 |
| H. Ray McKenney                      | 75,000 | 75,000 |
| R. Reynolds Neely, Jr.  (3)          | 50,000 | 50,000 |
| Louis A. “Jerry” Schmitt | 75,000 | 75,000 |
| Boyd C. Wilson, Jr.                  | 50,000 | 50,000 |

|     |                                                                                                   |
|-----|---------------------------------------------------------------------------------------------------|
| (1) | $25,000 of Mr. Bresnan's earned director compensation was assigned to Carlyle Financial Services. |

|     |                                                                                               |
|-----|-----------------------------------------------------------------------------------------------|
| (2) | Mr. Kauffman's earned director compensation was assigned to Oak Hill Capital Management, LLC. |

|     |                                                                                            |
|-----|--------------------------------------------------------------------------------------------|
| (3) | Aggregate Number of option awards outstanding at December 31, 2012:  Mr. Neely – 75. |

----

|                       |
|-----------------------|
|                       |  |  |  |
| Name                  | Age | Position in FNB - Principal Occupation for last 5 years | Officer of Corporation Since |
| Brian E. Simpson      | 50 | Chief Executive Officer, FNB, CommunityOne Bank, Bank of Granite Corp. and Bank of Granite since October 2011; Independent Consultant, FNB and CommunityOne Bank, October 2010 - October 2011;  President, Casa Fiora, 2002 - 2010. | October 21, 2011 |
| Robert L. Reid        | 57 | President, FNB, CommunityOne Bank, Bank of Granite Corp. and Bank of Granite since October 2011; Independent Consultant, FNB and CommunityOne Bank, October 2010 - October 2011; Executive Vice President/Managing Director, Real Estate Division, Wachovia Corp., 2009; President, Retirement and Investment Products Group, Wachovia Corp., 2003 - 2008. | October 21, 2011 |
| David L. Nielsen      | 48 | Executive Vice President and Chief Financial Officer, FNB, CommunityOne Bank, Bank of Granite Corporation and Bank of Granite since October 2011; Independent Consultant, FNB and CommunityOne Bank, October 2010 - October 2011; Executive Vice President and Group Risk Officer for Wholesale Banking, Wells Fargo Corp., 2008-2010.  Managing Director and Chief Operating Officer, Global Markets and Investment Banking, Wachovia Corp., 2006-2008. | October 21, 2011 |
| David C. Lavoie       | 58 | Executive Vice President and Chief Risk Officer, FNB, CommunityOne Bank, December 2010 - December 31, 2012; Executive Vice President and Chief Risk Officer, Bank of Granite Corporation and Bank of Granite, October, 2011-December 31, 2012; Independent Consultant, FNB and CommunityOne Bank, October 2010 - December 2010; Retired 2007- October, 2010. | December 21, 2010 |
| Gregory P. Murphy     | 65 | Executive Vice President and Chief Workout Officer, FNB, CommunityOne Bank, Bank of Granite Corporation and Bank of Granite since October 2011; Independent Consultant, Bank of Granite, FNB United and CommunityOne Bank- September 2010 - October 2011;  Managing Director, Helix Financial, LLC 2009-2010; Managing Director, CRG Partners, 2007-2008 (both managers of distressed assets). | October 21, 2011 |
| Angus M. McBryde, III | 50 | Executive Vice President and Treasurer, FNB, CommunityOne Bank, Bank of Granite Corporation and Bank of Granite, October 2011; Independent Consultant, FNB and CommunityOne Bank, October 2010 - October, 2011; Senior Vice President, Treasury, Wachovia Corp., 2007 - 2009. | October 21, 2011 |
| Beth S. DeSimone      | 53 | Executive Vice President, General Counsel and Secretary, FNB, CommunityOne Bank, Bank of Granite Corporation and Bank of Granite since November 16, 2011; Counsel, Arnold & Porter, LLP, Washington, D.C. 1986-2011. | November 16, 2011 |

----

|         |                           |
|---------|---------------------------|
| • | 1st - Risk Management |

|         |                         |
|---------|-------------------------|
| • | 2nd - Profitability |

|         |                  |
|---------|------------------|
| • | 3rd - Growth |

|         |                |
|---------|----------------|
| • | Base salaries; |

|         |                                        |
|---------|----------------------------------------|
| • | Short-term Performance Incentive Plan; |

|         |                            |
|---------|----------------------------|
| • | Management Incentive Plan; |

|         |                      |
|---------|----------------------|
| • | Other Equity Awards; |

|         |                             |
|---------|-----------------------------|
| • | Certain other benefits; and |

|         |                        |
|---------|------------------------|
| • | Employment Agreements. |

----

----

----

|         |                                                                                                                                                                                                                                                                                                                                                                                              |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | A prohibition of the payment or accrual of any “bonus, retention award, or incentive compensation” to the five most highly-compensated employees for as long as any TARP CPP related obligations are outstanding, subject to an exception for “long-term restricted stock” that meets certain requirements imposed under TARP (the “Bonus Prohibition”); |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Prohibition on any payment to any Senior Executive Officer (“SEOs,” i.e., the Named Executive Officers) or any of the next five most highly-compensated employees upon a change in control or upon termination of employment for any reason for as long as any TARP CPP obligations remain outstanding (collectively, “Golden Parachute Payment Prohibition;”  a golden parachute payment is used to describe any payment to an SEO in consequence of a “departure from FNB for any reason, except for payments for services performed or benefits accrued). |

|         |                                                                                                                                                                                                                                                       |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Recovery  or “clawback” of any bonus or other incentive payment made on the basis of materially inaccurate financial or other performance criteria that is paid to the next 20 most highly-compensated employees in addition to the SEOs; |

|         |                                                                                                                                                                                                                        |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | A requirement that the Chief Executive Officer and Chief Financial Officer provide a written certification in FNB's annual filings with the SEC of compliance with the executive compensation restrictions under TARP; |

|         |                                                                                     |
|---------|-------------------------------------------------------------------------------------|
| • | Implementation of a company-wide policy regarding excessive or luxury expenditures; |

----

|         |                                                                                                                                                                                            |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Limits on tax deduction for compensation paid to the Chief Executive Officer, Chief Financial Officer or any of the three most highly-compensated executive officers of $500,000 annually; |

|         |                                                                                                                                         |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------|
| • | Prohibition on payment of tax gross-ups to any SEO or any of the next 20 most highly-compensated employees in addition to the SEOs; and |

|         |                                                                                                                                                                                                 |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Inclusion in a participant's proxy statements for annual shareholder meetings of a non-binding “say on pay” proposal to allow a shareholder vote to approve executive compensation. |

|                                                      |
|------------------------------------------------------|
|                                                      |  |
| Consulting Fees for Executive Compensation Research: | $104,397 |
| Other Compensation and Consulting Projects:          | $22,129 |
| Total                                                | $126,526 |

----

----

|     |                                                                                                                                                                                                                                   |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | It has reviewed with senior risk officers the SEO compensation plans and has made all reasonable efforts to ensure that these plans do not encourage SEOs to take unnecessary and excessive risks that threaten the value of FNB; |

|     |                                                                                                                                                                           |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | It has reviewed with senior risk officers the employee compensation plans and has made all reasonable efforts to limit any unnecessary risks these plans pose to FNB; and |

|     |                                                                                                                                                                                                         |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (3) | It has reviewed the employee compensation plans to eliminate any features of these plans that would encourage the manipulation of reported earnings of FNB to enhance the compensation of any employee. |

|     |                                                                                                                              |
|-----|------------------------------------------------------------------------------------------------------------------------------|
| (1) | do not encourage the Senior Executive Officers to take unnecessary and excessive risks that could threaten the value of FNB; |

----

|     |                                                                                                                                  |
|-----|----------------------------------------------------------------------------------------------------------------------------------|
| (2) | are structured to limit the plans' potential for generating unacceptable risk that could materially affect the value of FNB; and |

|     |                                                                                                                            |
|-----|----------------------------------------------------------------------------------------------------------------------------|
| (3) |  are not structured to created substantial opportunities to benefit due to material manipulation of financial results. |

|        |
|--------|
|        |  |  |  |  |  |  |  |  |  |  |
|   | Name and Principal Position (1) | Year | Salary | Bonus | Stock Awards (2) | Option Awards | Non-Equity Incentive Plan Compensation | Change in Pension Value and Nonqualified Deferred Compensation Earnings | All Other Compen-sation (3) | Total ($) |
|   |
|   | Brian SimpsonChief Executive Officer | 2011 | $94,872 | 0 | $0 | $0 | 0 | 0 | $550,000 | $644,872 |
|   |   | 2012 | $500,000 | 0 | $250,000 | $0 | 0 | 0 | $9,798 | $759,798 |
|   | Robert ReidPresident | 2011 | $90,128 | 0 | $0 | $0 | 0 | 0 | $550,328 | $640,456 |
|   |   | 2012 | $475,000 | 0 | $237,500 | $0 | 0 | 0 | $9,532 | $722,032 |
|   | David NielsenChief Financial Officer | 2011 | $90,128 | 0 | $0 | $0 | 0 | 0 | $550,000 | $640,128 |
|   |   | 2012 | $475,000 | 0 | $237,500 | $0 | 0 | 0 | $14,325 | $726,825 |
|   | David LavoieChief Risk Officer | 2011 | $339,167 | 0 | $0 | $0 | 0 | 0 | $275,468 | $614,635 |
|   |   | 2012 | $484,135 | 0 | $0 | $0 | 0 | 0 | $11,360 | $495,495 |
|   | Beth S. DeSimone       General Counsel | 2011 | $51,795 | 0 | $0 | $0 | 0 | 0 | $0 | $51,795 |
|   |   | 2012 | $400,000 | 0 | $200,000 | $0 | 0 | 0 | $7,500 | $607,500 |

|     |                                                                                                                                                                                                                                                                |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | Messrs. Simpson, Reid and Nielsen joined the company on October 21, 2011 in connection with the Recapitalization.  Mr. Lavoie joined the company on December 21, 2010 and retired on December 31, 2012.  Ms. DeSimone joined the company on November 16, 2011. |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | On December 28, 2012, a total of 110,059 shares of long term restricted stock were granted by the Board to the top six officers of FNB pursuant to the 2012 Incentive Plan, valued at the closing price of FNB common stock on the grant date.  Under the terms of the awards, 2/3rds of the restricted stock vests on the later of the lifting of the Consent Orders or the second anniversary of the date of grant and the final 1/3 of the stock vests on the later of the lifting of the Consent Orders or the third anniversary of the date of grant. |

|     |                                                                                                                                |
|-----|--------------------------------------------------------------------------------------------------------------------------------|
| (3) | All Other Compensation for 2012 for the Named Executive Officers includes the total of the following benefits and perquisites: |

----

|                                                                                                 |
|-------------------------------------------------------------------------------------------------|
|                                                                                                 |  |  |  |  |  |  |  |  |  |  |
| Named Executive       Officer       | Automobile Allowance | Employer     401(k) Match |   | Total |
| Brian Simpson                                                                                   | $ | 2,298 |  | $7,500 | $ | 9,798 |  |
| Robert Reid                                                                                     | $ | 2,032 |  | $7,500 | $ | 9,532 |  |
| David Nielsen                                                                                   | $ | 2,032 |  | $7,125 | $ | 14,325 |  |
| David Lavoie                                                                                    | $ | 4,360 |  | $7,000 | $ | 11,360 |  |
| Beth S. DeSimone                                                                                | $ | — |  | $7,500 | $ | 7,500 |  |

|                       |
|-----------------------|
|                       |  |  |  |  |
| Name                  | Grant Date | All Other Stock Awards: Number of Shares of Stock or Units  (#) | Grant Date Fair Value of Stock  and Option Awards ($) |
|                  |   |   |   |
| Brian E. Simpson      | December 28, 2012 | 22,461 |  | $250,000 |
| Robert L. Reid        | December 28, 2012 | 21,338 |  | $237,500 |
| David L. Nielsen      | December 28, 2012 | 21,338 |  | $237,500 |
| Beth S. DeSimone      | December 28, 2012 | 17,969 |  | $200,000 |
| Angus M. McBryde, III | December 28, 2012 | 15,723 |  | $175,000 |
| Gregory P. Murphy     | December 28, 2012 | 11,230 |  | $125,000 |

|                       |
|-----------------------|
|                       |  |  |  |  |  |
|                  | Stock Awards |
| Name                  | Number of Shares or Units of Stock that have Not Vested  (#) | Market Value of Shares or Units of Stock that have not Vested  ($) |
|                  |   |   |
| Brian E. Simpson      | 22,461 |  | $ | 260,548 |  |
| Robert L. Reid        | 21,338 |  | $ | 247,521 |  |
| David L. Nielsen      | 21,338 |  | $ | 247,521 |  |
| Beth S. DeSimone      | 17,969 |  | $ | 208,440 |  |
| Angus M. McBryde, III | 15,723 |  | $ | 182,387 |  |
| Gregory P. Murphy     | 11,230 |  | $ | 130,268 |  |

----

|                                                                 |
|-----------------------------------------------------------------|
|                                                                 |  |  |  |  |  |  |  |  |  |  |  |  |
| Plan Category                                                   |   | Number of Securities to Be Issued upon Exercise of Outstanding Options, Warrants and Rights |   |   | Weighted-Average Exercise Price of Outstanding Options, Warrants and Rights |   |   | Number of Securities Remaining Available for Future Issuance under Equity Compensation Plans (1) |
| Equity Compensation Plans Approved by Shareholders              |   |   | 1,125 |   |   | $ | 1,963.29 |   |   |   | 489,941 |
| Equity Compensation Plans Not Approved by Shareholders (2) |   |   | — |   |   |   | — |   |   |   | — |
|                                                            |   |   |   |   |   |   |   |   |   |   |   |
| Total                                                           |   |   | 1,125 |   |   | $ | 1,963.29 |   |   |   | 489,941 |
| (1)                                                             | The number of securities remaining available for issuance at December 31, 2012 excludes the number of securities to be issued upon exercise of any outstanding options and reflects 489,941 securities issuable under the FNB United Corp. 2012 Incentive Plan. |
| (2)                                                             | There were no equity compensation plans at December 31, 2012 that had not been approved by shareholders. |
|                                                            |   |

----

|                                                                               |
|-------------------------------------------------------------------------------|
|                                                                               |  |  |  |  |  |
|   Compensation and/or Benefits Payable Upon Termination   | Voluntary Terminationby Executive | Termination by  FNB Without Cause or by the Executive For Good Reason | Termination by the Executive For  Good Reason & COC | Death | Disability |
| Brian E. Simpson, Chief Executive Officer                                     |   |   |   |   |   |
| Two times salary plus target bonus                                            | N/A | 2,000,000 | 2,000,000 | N/A | N/A |
| Total Allowable under TARP                                                    | — | — | — | — | — |
| Robert L. Reid, President                                                     |   |   |   |   |   |
| Two times salary plus target bonus                                            | N/A | 1,900,000 | 1,900,000 | N/A | N/A |
| Total Allowable under TARP                                               | — | — | — | — | — |
| David L. Nielsen, Executive Vice-President and Chief Financial Officer        |   |   |   |   |   |
| Two times salary plus target bonus                                            | N/A | 1,900,000 | 1,900,000 | N/A | N/A |
| Total Allowable under TARP                                                    | — | — | — | — | — |
| David C. Lavoie, Executive Vice (1) President and Chief Risk Officer     |   |   |   |   |   |
| Two times salary plus target bonus                                            | N/A | 1,900,000 | 1,900,000 | N/A | N/A |
| Total Allowable under TARP                                                    | — | — | — | — | — |
| Beth S. DeSimone. Executive Vice President, Secretary, General Counsel        |   |   |   |   |   |
| Two times salary plus target bonus                                            | N/A | 1,600,000 | 1,600,000 | N/A | N/A |
| Total Allowable under TARP                                                    | — | — | — | — | — |

|         |                                                                                                                                                        |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | A material diminution in the executive's duties and responsibilities or authority or any material adverse change in the executive's base compensation; |

|         |                                                                                                                                                                                                                          |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | A relocation of the executive's primary work location more than thirty (30) miles from Asheboro, North Carolina (other than any relocation to Charlotte, North Carolina or a location within thirty (30) miles thereof); |

|         |                                                                               |
|---------|-------------------------------------------------------------------------------|
| • | A material breach of the Employment Agreement by FNB or CommunityOne Bank; or |

|         |                                    |
|---------|------------------------------------|
| • | A “Change in Control.” |

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|         |                                                                                                                                                                                                                                                                                                                                                                                    |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | any person (other than an employee benefit plan of FNB or its affiliates; or either anchor investor in the Recapitalization) is or becomes the beneficial owner of more than 25% of FNB voting stock, if at such time, the voting power of the stock owned by that person exceeds the voting power represented by the stock owned by the anchor investors in the Recapitalization; |

|         |                                                                                                                                                                                                                                                                                                                                   |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | FNB consummates a merger, consolidation, share, exchange, division or other reorganization or transaction with any other corporation, other than a transaction that results in FNB voting securities continuing to represent at least 60% of the combined voting power of the surviving entity immediately after the transaction; |

|         |                                                                                   |
|---------|-----------------------------------------------------------------------------------|
| • | the FNB shareholders approve a plan of complete liquidation or winding up of FNB; |

|         |                                                                                           |
|---------|-------------------------------------------------------------------------------------------|
| • | the consummation of a sale or disposition of all or substantially all of FNB's assets; or |

|         |                                                                                                                                                                                        |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | during any 24 consecutive month period, individuals who at the beginning of such period constituted the FNB Board cease for any reason to constitute at least a majority of the Board. |

|         |                                                                                                                                                                                                                                                                                     |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | In the event of retirement, death or disability occurring within the twelve-month period prior to the second anniversary of the grant date, to the extent permitted by the Orders, if still in effect at that time, the participant will become vested in two thirds of the awards. |

|         |                                                                                                                                                                                                                                                                                      |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | In the event of retirement. death or disability occurring within the twelve-month period prior to the third anniversary of the grant date, to the extent permitted by the Orders, if still in effect at that time, the participant will become immediately vested in the full award. |

|         |                                                                                                                                                                                                        |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | In the event of termination for “good reason” or without cause, any unvested awards, to the extent permitted by the Orders if still in effect at the time, will become immediately vested. |

|         |                                                                                                                                                                  |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Any portion of the executive's award that is unvested in the event of a Change in Control will become immediately vested, to the extent permitted by the Orders. |

|         |                                                                                                                                                         |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | A material diminution in the executive's duties and responsibilities or authority, or any material adverse change in the executive's base compensation; |

|         |                                                                                                                                                                                                                 |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | A relation of the executive's primary work location more than thirty miles from Asheboro, North Carolina (other than any relocation to Charlotte, North Carolina or a location within thirty miles thereof); or |

|         |                                                                                           |
|---------|-------------------------------------------------------------------------------------------|
| • | Any material breach of the grant agreement by FNB, subject in each case to a cure period. |

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