The acquired branches opened as Entegra Bank branches on the morning of February 27, 2017. ”In October 2016, Entegra entered into an agreement with Stearns Bank National Association to purchase the two branches. This transaction continues our strategy of leveraging our capital and building a strong deposit base in rural markets. We look forward to providing our customers with an expanded set of products and services from the same familiar faces they have come to know over the years. Entegra acquired approximately $153 million in customer deposits.Ĭommenting on the transaction, Roger Plemens, President and Chief Executive Officer of Entegra, stated, “We are happy to welcome our new customers to the Entegra family as we expand our franchise into northern Georgia. Forever First ®.Entegra Bank, the wholly-owned subsidiary of Entegra Financial Corp., announced that it has completed the previously announced acquisition of two branches in Jasper, Georgia from Stearns Bank National Association, the wholly-owned subsidiary of Stearns Financial Services, Inc. For more information, call toll free 1.888.FC DIRECT (1.888.323.4732) or visit. (Nasdaq: FCNCA), which had $47.87 billion in assets as of June 30, 2020. First Citizens Bank is a wholly owned subsidiary of First Citizens BancShares, Inc. Entegra family as we expand our franchise into northern Georgia. In addition, on April 17, 2020, Select Bank & Trust of Dunn, N.C., purchased three Western North Carolina branches from Entegra - Highlands, Sylva and the Holly Springs office in Franklin.įounded in 1898 and headquartered in Raleigh, N.C., First Citizens Bank is one of the largest family-controlled banks in the U.S., with more than 560 offices in 19 states. Entegra Bank, the wholly-owned subsidiary of Entegra Financial Corp. and an in-store location in Jasper, Ga.) were consolidated into nearby local First Citizens or former Entegra branch locations. In conjunction with the conversion, four Entegra branches (two in Hendersonville, N.C. Information detailing the conversion and transition to First Citizens was mailed to Entegra customers in July. In addition, they can bank at any First Citizens location throughout the bank’s 19-state branch network, through First Citizens Digital Banking (online and mobile), by ATM and by telephone. The Entegra Coach Vision is built for your next adventure and Sale New. These customers can now bank at any First Citizens branch in their communities. Bank Repos Mobile Homes for Sale in Corpus Christi Tx. Signs at these former Entegra division offices were changed to First Citizens Bank. 17), 11 former Entegra division branches in Western North Carolina, Upstate South Carolina and North Georgia now carry the First Citizens Bank name. Our dedicated, local bankers stand ready to assist them and provide the high level of service they’ve come to expect.”Įffective today (Aug. “They now have access to the full complement of First Citizens’ products. Holding Jr., chairman and CEO of First Citizens Bank. “With completion of this conversion, we look forward to further deepening our relationships with Entegra customers in these important markets for our company,” said Frank B. Gainesville and Jasper in northern Georgia. Today, the financial institution operates 18 full-service branches and three loan production offices in Brevard, Cashiers, Columbus, Hendersonville, Highlands. This conversion puts both banks on the same operational and technical systems and aligns customer accounts to First Citizens products and services. Entegra Bank, formerly Macon Bank, began in 1922 with one small building in Macon County. 17, 2020 (GLOBE NEWSWIRE) - First Citizens Bank announced that its Entegra Bank division based in Franklin, N.C., has completed its conversion to First Citizens’ operations and systems.
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