Entegra Financial Corp. Announces Extension of Stock Repurchase Program

2/24/17

FRANKLIN, N.C., Feb. 24, 2017 (GLOBE NEWSWIRE) -- Entegra Financial Corp. (NASDAQ:ENFC), announced today that the Company’s Board of Directors has authorized the extension of its stock repurchase program through February 23, 2018. The Program allows for the repurchase of up to 327,318 shares of the Company’s common stock, representing approximately 5% of the Company’s outstanding shares as of December 31, 2015. Approximately 104,568 shares have been repurchased under the Program to date, leaving a balance of 222,750 shares that may be purchased under the Program, as extended.

About Entegra Financial Corp.

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 operates a total of 15 branches located throughout the Western North Carolina counties of Cherokee, Haywood, Henderson, Jackson, Macon, Polk and Transylvania and Upstate South Carolina counties of Anderson, Greenville, and Spartanburg. The Company also operates loan production offices in Asheville, NC and Clemson, SC. For further information, visit the Company’s website www.entegrabank.com

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