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Entegra Financial Corp. Announces First Quarter 2018 Results

Franklin, North Carolina | April 19, 2018

Entegra Financial Corp. (the “Company”) (NASDAQ:ENFC), the holding company for Entegra Bank (the “Bank”), today announced earnings and related data for the three months ended March 31, 2018.

Highlights:

The following tables highlight the trends that the Company believes are relevant to understanding the performance of the Company. As further detailed in Appendix A, core results (a non-GAAP measure) reflect adjustments for investment gains and losses, investment impairment and merger-related expenses.



Roger D. Plemens, President and CEO of the Company, reported, “We are very pleased with our first quarter results which reflect more than a 90% increase in core return on average equity and more than a 80% increase in core net income compared to the first quarter of 2017. We continued to experience strong loan demand during the first quarter with annualized growth of 12%, while improving net interest margin 19 basis points over the first quarter of 2017 to 3.49%. We remain very focused on improving our efficiency as the organization grows and are pleased to see our core efficiency ratio improve to 65%. Moving forward, we will continue to look for opportunities to supplement our organic growth with acquisitions that provide further low cost funding.’

Read the complete earnings release here.

SOURCE: Entegra Financial Corp.
CONTACT: Roger D. Plemens, President & Chief Executive Officer, 828-524-7000


Entegra Financial Corp., Inc. Announces Date for First Quarter 2018 Earnings Release and Conference Call

Franklin, North Carolina | April 5, 2018

Entegra Financial Corp., Inc (NASDAQ:ENFC), announced it will release its first quarter 2018 financial results on Thursday, April 19, 2018, after the stock market closes. The company also will hold a conference call at 8:30 a.m. EST on Friday, April 20, 2018, to discuss its financial results, business highlights and outlook.

To access the call, dial (800) 220-9875 and use the conference number 30134427#. The earnings release and materials related to the conference call will be available within the Investor Relations section of the company’s website

About Entegra Financial Corp. and Entegra Bank

Entegra Financial Corp. is the holding company of Entegra Bank. The company’s shares began trading on the NASDAQ Global Market on October 1, 2014 under the symbol “ENFC”.

Entegra Bank now 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, Clemson, SC, and Duluth, GA.

For more information
David Bright
Chief Financial Officer
828-524-7000, ext. 5011


Entegra Financial Corp. Announces Fourth Quarter 2017 Results

Franklin, North Carolina | January 18, 2018

Entegra Financial Corp. (the “Company”) (NASDAQ:ENFC), the holding company for Entegra Bank (the “Bank”), today announced earnings and related data for the three and year ended December 31, 2017.

Highlights:

The following tables highlight the most important trends that the Company believes are relevant to understanding the performance of the Company. As further detailed in Appendix A, core results (a non-GAAP measure) reflect adjustments for material items including investment gains and losses, investment impairment, merger-related expenses, and changes in the value of net deferred tax assets due to the passing of the Tax Cuts and Jobs Act of 2017.



Roger D. Plemens, President and CEO of the Company, reported, “The acquisitions we have completed over the last several years continue to reap benefits for our shareholders, achieving significant improvements in profitability and efficiency. We have been particularly focused on reaching a return on tangible equity of at least 8% in 2017, a benchmark which we surpassed in the fourth quarter on a core basis. As we look forward to the remainder of 2018 and beyond, we will continue to focus on organic and acquired growth opportunities allowing a return on tangible equity to 10% and greater, while further improving our efficiency ratio. With a tangible common equity to tangible assets ratio of 8.29% at December 31, 2017, we will also continue to consider opportunities to supplement our existing capital base.”

Read the complete earnings release here.

SOURCE: Entegra Financial Corp.
CONTACT: Roger D. Plemens, President & Chief Executive Officer, 828-524-7000


Entegra Financial Corp. Hires Director of SBA Lending

Franklin, North Carolina | January 17, 2018

Entegra Financial Corp. (Nasdaq:ENFC) (the “Company”), the holding company for Entegra Bank (the “Bank”), announced today that it has hired John Bickley as Director of SBA Lending.

Mr. Bickley comes to Entegra after serving as the SBA Director at several financial institutions in South Carolina. His 30 year career has included extensive experience building and growing SBA lending teams which were spread over multiple states. Roger Plemens, President and Chief Executive Officer, commented, “We are excited to add John to our team and look forward to expanding our SBA lending opportunities. John has a proven track record of leading this line of business and will greatly enhance our ability to serve our communities, while also providing a return for our shareholders.”/p>

About Entegra Financial Corp.

Entegra Financial Corp. is the holding company of Entegra Bank. The Company’s shares 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, Clemson, SC, and Duluth, GA.

Disclosures About Forward Looking Statements:

The discussions included in this document and its exhibits may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including Section 21E of the Securities Exchange Act of 1934 and Section 27A of the Securities Act of 1933. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially. 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,” or other statements concerning opinions or judgments of the Company and its management about future events. The accuracy of such forward looking statements could be affected by factors including, but not limited to, the financial success or changing conditions or strategies of the Company’s customers or vendors, fluctuations in interest rates, actions of government regulators, the availability of capital and personnel or general economic conditions. These forward looking statements express management’s current expectations, plans or forecasts of future events, results and condition, including financial and other estimates. Additional factors that could cause actual results to differ materially from those anticipated by forward looking statements are discussed in the Company’s filings with the Securities and Exchange Commission, including without limitation its Registration Statement on Form S-1, quarterly reports on Form 10-Q and current reports on Form 8-K. The Company undertakes no obligation to revise or update these statements following the date of this press release.

SOURCE: Entegra Financial Corp.
CONTACT: Roger D. Plemens, President & Chief Executive Officer, 828-524-7000


Entegra Financial Corp., Inc. Announces Date for Fourth Quarter 2017 Earnings Release and Conference Call

Franklin, North Carolina | January 5, 2018

Entegra Financial Corp., Inc (NASDAQ:ENFC), announced it will release its fourth quarter 2017 financial results on Thursday, January 18, 2018, after the stock market closes. The company also will hold a conference call at 8:30 a.m. EST on Friday, January 19, 2018, to discuss its financial results, business highlights and outlook.

To access the call, dial (844) 572-5683 and use the conference number 8527195#. The earnings release and materials related to the conference call will be available within the Investor Relations section of the company’s website

About Entegra Financial Corp. and Entegra Bank

Entegra Financial Corp. is the holding company of Entegra Bank. The Company’s shares began trading on the NASDAQ Global Market on October 1, 2014 under the symbol “ENFC”.

Entegra Bank now 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, Clemson, SC, and Duluth, GA.

For more information
David Bright
Chief Financial Officer
828-524-7000, ext. 5011


Entegra Financial Corp. Elects Doug Kroske to Board of Directors

Franklin, North Carolina | October 31, 2017

Entegra Financial Corp. (NASDAQ:ENFC) (the “Company”), the holding company for Entegra Bank (the “Bank”), announced that Douglas (“Doug”) Kroske has been elected to the Boards of Directors of the Company and the Bank. The Company also announced that Stan M. Jeffress will be retiring as a director of the Company and the Bank effective December 31, 2017. Mr. Jeffress, who served as the Bank’s Chief Financial Officer from September 1994 until his retirement in January 2009, has been a director since January 2008.

Mr. Kroske is a Chartered Financial Analyst and a private investor following a 34 year career with Liberty Life Insurance Company/RBC Liberty Insurance. He started his history with Liberty Life Insurance Company as a Securities Analyst, then became a Portfolio Manager and was named President of Liberty Capital Advisors (an SEC registered investment advisory firm) in 1987. After an acquisition by the Royal Bank of Canada in 1999, Mr. Kroske became Vice President and Chief Investment Officer of RBC Liberty Insurance where his duties included the oversight of all investments. He remained in that role until RBC Liberty Insurance was sold in 2011.

Mr. Kroske, age 64, is considered an independent director pursuant to the rules and listing standards of The NASDAQ Global Market. His expertise also qualifies him as an “audit committee financial expert” within the meaning of applicable SEC regulations. Mr. Kroske is community-minded and has been actively involved in a number of local professional organizations, including the South Carolina Society of Financial Analysts, Pleasantburg Sertoma (past President), and the Greenville Chapter of the American Cancer Society (past board member). He is currently a board member, Treasurer and Chairman of the Investment Committee of the Community Foundation of Greenville.

Roger D. Plemens, President and CEO of the Company, said, “We are very appreciative of the extraordinary contributions Stan has made during his tenure and will miss the guidance he has provided over the years. We are pleased to have Doug join our board and look forward to leveraging his extensive financial and capital markets knowledge. We believe Doug’s expertise will be an outstanding addition to the existing board skills.”

About Entegra Financial Corp. and Entegra Bank

Entegra Financial Corp. is the holding company of Entegra Bank. The Company’s shares began trading on the NASDAQ Global Market on October 1, 2014 under the symbol “ENFC”.

Entegra Bank now 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, Clemson, SC, and Duluth, GA.

Disclosures About Forward Looking Statements:

The discussions included in this document and its exhibits may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including Section 21E of the Securities Exchange Act of 1934 and Section 27A of the Securities Act of 1933. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially. 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,” or other statements concerning opinions or judgments of the Company and its management about future events. The accuracy of such forward looking statements could be affected by factors including, but not limited to, the financial success or changing conditions or strategies of the Company’s customers or vendors, fluctuations in interest rates, actions of government regulators, the availability of capital and personnel or general economic conditions. These forward looking statements express management’s current expectations, plans or forecasts of future events, results and condition, including financial and other estimates. Additional factors that could cause actual results to differ materially from those anticipated by forward looking statements are discussed in the Company’s filings with the Securities and Exchange Commission, including without limitation its Registration Statement on Form S-1, quarterly reports on Form 10-Q and current reports on Form 8-K. The Company undertakes no obligation to revise or update these statements following the date of this press release.

SOURCE: Entegra Financial Corp.
CONTACT: Roger D. Plemens, President & Chief Executive Officer, 828-524-7000


Entegra Financial Corp. Announces Third Quarter 2017 Results

Franklin, North Carolina | October 20, 2017

Entegra Financial Corp. (the “Company”) (NASDAQ:ENFC), the holding company for Entegra Bank (the “Bank”), today announced earnings and related data for the three and nine months ended September 30, 2017.

Highlights:

The following tables highlight the most important trends that the Company believes are relevant to understanding the performance of the Company. As further detailed in Appendix A, core results (a non-GAAP measure) reflect adjustments for material items including investment gains and losses, investment impairment, and merger and acquisition expenses.



Roger D. Plemens, President and CEO of the Company reported, “The third quarter represents another successful quarter for the Company as we continue to improve our earnings and utilize our capital. We are particularly pleased with the improvement in our efficiency ratio as we seek to be better and not simply larger. As previously disclosed, we closed on our acquisition of Chattahoochee Bank of Georgia on October 1, 2017 and are excited about increasing our lending presence in northern Georgia and the impact that will have on our earnings.”

Read the complete earnings release here.

SOURCE: Entegra Financial Corp.
CONTACT: Roger D. Plemens, President & Chief Executive Officer, 828-524-7000


Entegra Financial Corp. Completes Acquisition of Chattahoochee Bank of Georgia

Franklin, North Carolina | October 2, 2017

Entegra Financial Corp. (Nasdaq:ENFC) (the “Entegra”), the holding company for Entegra Bank, today announced the completion of its acquisition of Chattahoochee Bank of Georgia (“Chattahoochee”) located in Gainesville, Georgia, effective the morning of October 1, 2017. Pursuant to the Agreement and Plan of Merger and Reorganization dated June 26, 2017, Chattahoochee merged with and into Entegra Bank. Chattahoochee will continue to operate as Chattahoochee Bank of Georgia until a system conversion is completed in March 2018.

Roger D. Plemens, President and CEO of Entegra and Entegra Bank commented, “We are excited to continue executing our strategy of building long-term franchise value by expanding into contiguous, high growth markets like Gainesville. We welcome Chattahoochee‘s customers and are committed to continuing the high level of service they have received since 2008.”

Shareholders of Chattahoochee will receive a combination of cash and stock having a value of $14.75 in exchange for each share of Chattahoochee‘s common stock held immediately prior to the effective time of the merger. The aggregate merger consideration paid by Entegra is approximately $34.9 million, which includes the cash-out of in-the-money stock options and warrants. Entegra expects to issue approximately 395,000 shares of its common stock in connection with the merger.

Effective upon the consummation of the merger, Jody Lail, Greg Barrett and Stephen Starke became Senior Vice Presidents of Entegra Bank. Roger D. Plemens stated, “We are thrilled to add Jody, Greg and Stephen to our team. They will bring stability for the Chattahoochee customers during the transition and will continue to have influence and decision-making authority in the community.”

About Entegra Financial Corp.

Entegra Financial Corp., with total assets of $1.4 billion at June 30, 2017, is headquartered in Franklin, NC and is the bank holding company for Entegra Bank. Entegra’s shares 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 and 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, North Carolina, Clemson, South Carolina, and Duluth, Georgia.

Disclosures About Forward Looking Statements:

The discussions included in this press release and its exhibits may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including Section 21E of the Securities Exchange Act of 1934 and Section 27A of the Securities Act of 1933. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially. 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,” or other statements concerning opinions or judgments of Entegra and its management about future events. These forward looking statements express management’s current expectations, plans or forecasts of future events, results and condition, including financial and other estimates. Additional factors that could cause actual results to differ materially from those anticipated by forward looking statements are discussed in the Entegra’s filings with the Securities and Exchange Commission, including without limitation its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Entegra undertakes no obligation to revise or update these statements following the date of this press release.

SOURCE: Entegra Financial Corp.
CONTACT: Roger D. Plemens, President & Chief Executive Officer, 828-524-7000


Entegra Financial Corp. Announces Second Quarter 2017 Results

Franklin, North Carolina | July 20, 2017

Entegra Financial Corp. (the “Company”) (NASDAQ:ENFC), the holding company for Entegra Bank (the “Bank”), today announced earnings and related data for the three and six months ended June 30, 2017.

Highlights:

The following tables highlight the most important trends that the Company believes are relevant to understanding the performance of the Company. As further detailed in Appendix A, core results (a non-GAAP measure) reflect adjustments for material items includinginvestment gains and merger and acquisition expenses.



Roger D. Plemens, President and CEO of the Company reported, “The second quarter represents another successful quarter for the Company as we continue to improve our profitability while decreasing our efficiency ratio. We remain focused on improving our return on equity and assets, and will continue to make decisions that create a high performing bank. We are also pleased with the continued improvement in asset quality as we successfully liquidated several large properties. In June, we announced a definitive agreement to acquire Chattahoochee Bank of Georgia (“Chattahoochee’) which we expect will be more than 15% accretive to 2018 earnings and increase our return on equity above 8%.”

Read the complete earnings release here.

SOURCE: Entegra Financial Corp.
CONTACT: Roger D. Plemens, President & Chief Executive Officer, 828-524-7000


Entegra Financial Corp. Announces Acquisition of Chattahoochee Bank of Georgia

Franklin, North Carolina and Gainesville, GA | June 27, 2017

Entegra Financial Corp. (Nasdaq:ENFC) (the “Entegra”), the parent holding company of Entegra Bank, and Chattahoochee Bank of Georgia (“Chattahoochee”), today jointly announced the signing of a definitive agreement pursuant to which Entegra will purchase Chattahoochee for $14.75 per share or 1.4 times March 31, 2017 book value through a combination of cash and stock valued at approximately $34.9 million.

Chattahoochee currently operates one branch in Gainesville, Georgia and a loan production office in Duluth, Georgia and will add approximately $197 million in assets, $155 million in loans, and $166 million in deposits to Entegra Bank.

Commenting on the announcement, Roger Plemens, President and Chief Executive Officer of Entegra, said, “We are excited to partner with Chattahoochee as we continue to expand our existing footprint in northern Georgia. Chattahoochee has a proven track record of strong loan and deposit growth that will complement our strategy of building long-term franchise value by diversifying into high growth markets. With an unemployment rate of 3.8%, Gainesville is among the 50 fastest growing metro areas in the U.S. and home to more than 300 manufacturing and processing companies. Chattahoochee is one of the premier commercial banks in Gainesville and brings Entegra a talented team of six lenders with deep commercial experience.”

Jody Lail, President and Chief Executive Officer of Chattahoochee, added, “We are excited to partner with Entegra in continuing to grow our commercial banking presence in our northeast Georgia market. Entegra provides additional capital strength to allow our commercial banking team to greatly expand lending and cash management services to both our existing customer base and our rapidly expanding business community. We are also pleased that Entegra will bring additional services for our consumer customers, including residential mortgage and investments.”

The transaction, which is expected to close in the fourth quarter of 2017, has been unanimously approved by the Board of Directors of both companies and is subject to customary closing conditions, including regulatory approvals, and approval by the shareholders of Chattahoochee.

Excluding estimated transaction expenses, the acquisition is expected to be more than 15% accretive to 2018 earnings and to have a tangible book value earn-back period of approximately 4.50 years. Upon completion of this transaction, Entegra will have approximately $1.6 billion in assets, $950 million in loans, and $1.2 billion in deposits.

Entegra Financial Corp. and Entegra Bank were advised in the transaction by Sandler O’Neill + Partners, L.P. as financial advisor and Brooks, Pierce, McLendon, Humphrey & Leonard, LLP as legal counsel. Chattahoochee was advised in the transaction by Banks Street Partners, LLC as financial advisor and Nelson Mullins Riley & Scarborough, LLP as legal counsel.

About Entegra Financial Corp.

Entegra Financial Corp. with total assets of $1.4 billion at March 31, 2017, is headquartered in Franklin, North Carolina and is the holding company of Entegra Bank. Entegra’s shares trade on the NASDAQ Global Market under the symbol “ENFC”.

Entegra Bank operates a total of 17 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 county of Pickens. The Bank also operates loan production offices in Asheville, North Carolina and Clemson, South Carolina. For further information, visit the Bank’s website www.entegrabank.com

About Chattahoochee Bank of Georgia

Chattahoochee was founded in 2008 and provides commercial banking services through its banking office in Gainesville, Georgia and loan production office in Duluth, Georgia. For further information, visit the Bank’s website www.chattahoocheebank.com.

Disclosures About Forward Looking Statements:

The discussions included in this press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including Section 21E of the Securities Exchange Act of 1934 and Section 27A of the Securities Act of 1933. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially. 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,” or other statements concerning opinions or judgments of Entegra and its management about future events.

Such forward-looking statements include, but are not limited to, statements about the benefits of the combination of Entegra and Chattahoochee, including future financial and operating results, expected cost savings, expected impact on future earnings, the combined bank’s plans, objectives, expectations and intentions and other statements that are not historical facts. These forward-looking statements are subject to numerous assumptions, risks and uncertainties which change over time. Forward-looking statements speak only as of the date they are made and you are cautioned not to place undue reliance on any forward-looking statements. We assume no duty to update forward-looking statements.

In addition to factors previously disclosed in Entegra’s reports filed with the Securities and Exchange Commission (“SEC”), the following factors among others, could cause actual results to differ materially from forward-looking statements: ability to obtain regulatory approvals and meet other closing conditions to the acquisition, including approval by Chattahoochee’s shareholders, on the expected terms and schedule; delay in closing the acquisition; difficulties and delays in integrating the Entegra and Chattahoochee businesses or fully realizing cost savings and other benefits; business disruption following the proposed transaction; changes in asset quality and credit risk; the inability to sustain revenue and earnings growth; changes in interest rates and capital markets; inflation; customer borrowing, repayment, investment and deposit practices; the introduction, withdrawal, success and timing of business initiatives; competitive conditions; the inability to realize cost savings or revenues or to implement integration plans and other consequences associated with mergers, acquisitions and divestitures; economic conditions; the reaction to the transaction of the banks’ customers, employees and counterparties; and the impact, extent and timing of technological changes, capital management activities, and other actions of the Board of Governors of the Federal Reserve and legislative and regulatory actions and reforms.

Additional Information About the Acquisition and Where to Find It

In connection with the proposed acquisition, Entegra will file with the SEC a registration statement on Form S-4 to register the shares of Entegra common stock to be issued to the shareholders of Chattahoochee. The registration statement will include a proxy statement/prospectus which will be sent to the shareholders of Chattahoochee seeking their approval of the acquisition and related matters. In addition, Entegra may file other relevant documents concerning the proposed acquisition with the SEC.

INVESTORS AND SHAREHOLDERS OF CHATTAHOOCHEE ARE URGED TO READ THE REGISTRATION STATEMENT ON FORM S-4 AND THE PROXY STATEMENT/PROSPECTUS INCLUDED WITHIN THE REGISTRATION STATEMENT AND ANY OTHER RELEVANT DOCUMENTS TO BE FILED WITH THE SEC IN CONNECTION WITH THE PROPOSED ACQUISITION BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT ENTEGRA, CHATTAHOOCHEE AND THE PROPOSED TRANSACTION.

Investors and shareholders may obtain free copies of these documents, when filed, through the website maintained by the SEC at www.sec.gov. Free copies of the proxy statement/prospectus also may be obtained, when available, by directing a request by telephone or mail to Entegra Financial Corp., 14 One Center Court, Franklin, North Carolina 28734, Attention: David Bright (telephone: 828-524-7000, or Chattahoochee Bank of Georgia, 643 E E Butler Parkway, Gainesville, Georgia 30503, Attention: Investor Relations (telephone: 770-536-0607, or by accessing Entegra’s website at www.entegrabank.com under “Investor Relations.” The information on Entegra’s and Chattahoochee’s websites is not, and shall not be deemed to be, a part of this release or incorporated into other filings either company makes with the SEC.

Chattahoochee and its directors and executive officers may be deemed to be participants in the solicitation of proxies from the shareholders of Chattahoochee in connection with the acquisition. Information about the directors and executive officers of Chattahoochee is set forth in the proxy statement for Chattahoochee’s 2017 annual meeting of shareholders. Additional information regarding the interests of these participants and other persons who may be deemed participants in the proxy solicitation may be obtained by reading the proxy statement/prospectus when it becomes available.

SOURCE: Entegra Financial Corp.
CONTACT: Roger D. Plemens, President & Chief Executive Officer, 828-524-7000

SOURCE: Chattahoochee Bank of Georgia
CONTACT: C. Jody Lail, Jr., President & Chief Executive Officer, 770-536-0607

Media Contact

Roger D. Plemens
President & Chief Executive Officer
828-524-7000
For media questions, please contact us.