Entegra Financial Corp. Elects Doug Kroske to Board of Directors

10/31/17

FRANKLIN, N.C., Oct. 31, 2017 (GLOBE NEWSWIRE) -- 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. For further information, visit the Entegra’s website www.entegrabank.com.

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