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First Citizens: Entegra buy is about 'growth'

Lauren Ohnesorge
First Citizens: Entegra buy is about 'growth'

First Citizens’ pending buy of Franklin-based Entegra Bank is all about “growth.” That’s according to Barbara Thompson, spokeswoman for the Raleigh bank, which disclosed Wednesday that it had outbid a previous acquisition proposal by SmartFinancial. “We have been looking at growth opportunities,” she says. First Citizens is already in every North Carolina and South Carolina county where Entegra has a branch – though its Georgia presence will be a new addition to the bank’s network.