and Entegra Bank were advised in the transaction by Sandler O’Neill + Partners, L.P. The purchase, which is subject to customary closing conditions, including regulatory approvals, is expected to be completed in the first quarter of 2017.Įntegra Financial Corp. Upon completion of the transaction, Entegra is expected to have approximately $1.35 billion in assets and nearly $1.0 billion in deposits. The 4.2% tangible book value dilution will result in an earn-back period of approximately 3 years. We continue to execute upon our strategic priorities of seeking accretive acquisition opportunities, diversifying into higher growth contiguous markets, leveraging our capital, and positioning Entegra for long-term independence.”Įntegra Bank intends to hire all current employees at both branch locations and is dedicated to providing a smooth transition and high level of service to its new customers.Įxcluding estimated transaction expenses, the transaction is expected to accrete $0.24 to earnings per share during the first year, an increase of approximately 20%. The acquisition will provide us with the liquidity to continue our growth, as well as a presence in the attractive Pickens County, Georgia market, which serves as a bedroom community for the northern Atlanta metropolitan area. “Stearns Bank has done a great job of turning around and growing these Jasper branches and preserving a vital, time-honored community institution. Plemens, President and Chief Executive Officer of Entegra. “We are thrilled to announce this branch acquisition as we continue to expand our franchise into northern Georgia,” said Roger D. Entegra will assume approximately $150 million in deposits with the option to purchase up to $5 million in loans, and pay a deposit premium of 3.65%. (NASDAQ:ENFC) (“Entegra”), today announced that it has entered into an agreement with Stearns Bank, N.A., the wholly-owned subsidiary of Stearns Financial Services, Inc., to acquire its 2 banking branches in Jasper, Georgia. 24, 2016 (GLOBE NEWSWIRE) - Entegra Bank, the wholly-owned subsidiary of Entegra Financial Corp. For a list of all First Citizens Bank branches and detailed branch information like hours of operation, phone number and address please refine your search by selecting a location from the map or list.FRANKLIN, N.C., Oct. You can visit the official website of the bank at for more information and online banking service if available. The full address of bank headquarters is 239 Fayetteville Street, Raleigh, NC 27601. We currently do not have a routing number for First Citizens Bank in our database. First Citizens Bank is the 3rd largest bank in North Carolina with 216 branches 1st in South Carolina with 122 branches, 16th in California with 61 branches, 9th in Virginia with 42 branches and 16th in Georgia with 28 branches.īank routing number is a 9 digit code which is necessary to process Fedwire funds transfers, process direct deposits, bill payments, and other such automated transfers. As of today, First Citizens Bank is the 16th largest bank in US by branch count. The bank has most branches in North Carolina, South Carolina, California, Virginia and Georgia. The assigned Fed RSSD ID of First Citizens Bank is 491224.įirst Citizens Bank currently operates with 547 branches located in 19 states. First Citizens Bank is a FDIC-insured bank with certificate number of 11063. According to the Federal Deposit Insurance Corporation records and based on the institution's charter type, First Citizens Bank is classified as a commercial bank, state charter and Fed nonmember, supervised by the FDIC. The bank operates as a subsidiary of First Citizens Bancshares, Inc. First Citizens Bank was founded in January 1898 and is based in Raleigh, North Carolina.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |