Bank Bailout: CommunityOne takes control of failed subdivision site from Gaston commissioner 
By Scott Baughman
Published: October 11,2011
Joe Carpenter made his living cutting grass with his own landscaping business. This month, the 75-year-old Gaston County Commissioner is just cutting his losses. Instead of foreclosing, CommunityOne Bank accepted land from Carpenter meant for two failed subdivisions: Kings Pinnacle and Pinnacle Woods. The roughly 190 acres taken over by CommunityOne via a deed in [...]
