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Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Tue., Nov. 24, 9:08 PM

Slide #2. Entegra Financial Corp. Oldtown Bank

Acquirer: Entegra Financial Corp. (NASDAQ:ENFC)
Acquiree: Oldtown Bank
Details: Entegra Financial Corp. (NASDAQ:ENFC) ("Entegra"), the parent holding company of Entegra Bank, and Oldtown Bank ("Oldtown"), today jointly announced the signing of a definitive agreement pursuant to which Entegra will purchase Oldtown in an all cash transaction valued at approximately $13.5 million.

Entegra Financial is a holding company. Through its wholly owned subsidiary, Macon Bank, Inc., Co.'s business consists primarily of accepting deposits from individuals and small businesses and investing those deposits, together with funds generated from operations and borrowings, primarily in loans secured by real estate. Through its mortgage loan production operations Co. originates loans for sale in the secondary markets to The Federal National Mortgage Association and others. Co. provides a variety of deposit accounts, including savings accounts, certificates of deposit and money market accounts. At Dec 31 2014, Co. had total assets of $903.3 million and toal deposits of $703.1 million.

Open the ENFC Page at The Online Investor »

Company Name:  Entegra Financial Corp
Sector:  Credit Services & Lending
Number of ETFs Holding ENFC:  1
Total Market Value Held by ETFs:  $337297
Total Market Capitalization:  $117.00M
% of Market Cap. Held by ETFs:  0.29%

Open the ENFC Page at The Online Investor (in a new window) »

November 24, 2015    9:08 PM Eastern
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