M&A Deal Summary

Entegra Financial Acquires Chattahoochee Bank of Georgia

On June 27, 2017, Entegra Financial acquired financial services company Chattahoochee Bank of Georgia for 35M USD

Acquisition Highlights
  • This is Entegra Financial’s 2nd transaction in the Financial Services sector.
  • This is Entegra Financial’s largest (disclosed) transaction.
  • This is Entegra Financial’s 2nd transaction in the United States.
  • This is Entegra Financial’s 1st transaction in Georgia.

M&A Deal Summary

Date 2017-06-27
Target Chattahoochee Bank of Georgia
Sector Financial Services
Buyer(s) Entegra Financial
Deal Type Add-on Acquisition
Deal Value 35M USD
Advisor(s) Banks Street Partners (Financial)
Nelson Mullins Riley & Scarborough (Legal)

Target

Chattahoochee Bank of Georgia

Gainesville, Georgia, United States
Chattahoochee Bank of Georgia is a provider of commercial banking services through its banking office in Gainesville, Georgia and loan production office in Duluth, Georgia.

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Buyer(S) 1

Buyer

Entegra Financial

Franklin, North Carolina, United States

Category Company
Founded 1922
Sector Financial Services
Employees269
Revenue 54M USD (2018)
DESCRIPTION

Entegra Financial Corp. is a provider of various retail and commercial banking products and services for individuals and small businesses in the United States. Entegra Financial was founded in 1922 and is based in Franklin, North Carolina.


DEAL STATS #
Overall 2 of 2
Sector (Financial Services) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Georgia) 1 of 1
Country (United States) 2 of 2
Year (2017) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-24 OldTown Bank

Waynesville, North Carolina, United States

OldTown Bank is a provider of personal and business banking services through its banking office in Waynesville, North Carolina.

Buy $14M