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New Deal


Announced

Completed

First Citizens Bank completed the acquisition of Entegra Financial.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Public

Banks

Majority

Single Bidder

Merger

retail banking

Completed

commercial banking

Acquisition

Friendly

United States

Synopsis

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First Citizens Bank, a provider of a full range of banking products and services, completed the acquisition of Entegra Financial, a commercial bank, from Entegra Bank, a community bank providing retail and commercial financial services. Financial terms were not disclosed. “We are pleased to welcome the customers and associates of Entegra Bank as we build on our foundation in Western North Carolina, Upstate South Carolina and North Georgia. The merger will allow us to better serve customers across these markets with a wide range of financial products and services, while maintaining the exceptional service they expect,” Frank B. Holding, First Citizens Bank Chairman and CEO.

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