Entegra Bank Announces Approval for Asheville, North Carolina Branch
18 Juillet 2018 - 10:30PM
Entegra Bank, the wholly owned subsidiary bank of Entegra Financial
Corp. (NASDAQ:ENFC) (the “Company”), today announced that it has
received regulatory approval to open a de novo branch in Asheville,
North Carolina.
Commenting on the approval, Roger Plemens,
President and CEO of the Company, stated, “We look forward to
expanding in Asheville with a full service branch that will
complement the services currently provided by our loan production
office in the area.”
A contract to purchase the branch, which is
located at 1985 Hendersonville Rd, Asheville, North Carolina, has
been executed. The opening of the branch, which is contingent
on the transaction closing, is expected to occur in the fourth
quarter of 2018.
About Entegra Financial Corp. and
Entegra Bank
Entegra Financial Corp. is the holding company
of Entegra Bank. The Company’s shares of common stock trade on the
NASDAQ Global Market under the symbol “ENFC.”
Entegra Bank operates a total of 18 branches
located throughout the Western North Carolina counties of Cherokee,
Haywood, Henderson, Jackson, Macon, Polk and Transylvania, the
Upstate South Carolina counties of Anderson, Greenville, and
Spartanburg and the Northern Georgia counties of Pickens and Hall.
The Bank also operates loan production offices in Asheville, NC,
and Clemson, SC. For further information, visit the Bank’s
website www.entegrabank.com.
Disclosures About Forward-Looking
Statements
The discussions included in this press release
and its appendices may contain “forward-looking statements.” For
the purposes of these discussions, any statements that are not
statements of historical fact may be deemed to be “forward-looking
statements.” Such statements are often characterized by the use of
qualifying words such as “expects,” “anticipates,” “believes,”
“estimates,” “plans,” “projects,” “will,” “should,” or other
statements concerning opinions or judgments of the Company and its
management about future events. Such forward-looking
statements involve known and unknown risks, uncertainties and other
factors that may cause actual results to differ materially from
those anticipated and may adversely affect our results of
operations and financial condition. The accuracy of such
forward-looking statements could be affected by factors including,
but not limited to: the Company’s ability to implement aspects of
its growth strategy; the financial success or changing conditions
or strategies of the Company’s customers or vendors; the Company’s
ability to compete effectively against other financial institutions
in its banking markets; fluctuations in interest rates; actions of
government regulators; the availability of capital and personnel;
and general economic and market conditions. These forward-looking
statements express management’s current expectations, plans or
forecasts of future events, results of operation and financial
condition. Additional factors that could cause actual results to
differ materially from those anticipated by forward-looking
statements are discussed in the Company’s reports filed with or
furnished to the Securities and Exchange Commission (the “SEC”) and
available on the SEC’s website, including without limitation its
annual report on Form 10-K, quarterly reports on Form 10-Q and
current reports on Form 8-K. These forward-looking statements speak
only as of the date of this press release, and the Company
undertakes no obligation to revise or update these statements
following the date of this press release, except as required by
applicable law.
Entegra Financial Corp. Roger
D. PlemensPresident and Chief Executive Officer(828) 524-7000
Entegra Financial (NASDAQ:ENFC)
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