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Georgia Governor Signs SB157 at CBA of Georgia Headquarters

On May 2, Gov. Brian P. Kemp signed SB 157 into law at the Community Bankers Association of Georgia headquarters before a group of community bankers from across the states.

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First Citizens Bank and Entegra Financial Corp. Agree to Merge

First Citizens Bank & Trust Co. and Entegra Financial Corp. announced a definitive merger agreement providing for the acquisition of Franklin, N.C.-based Entegra Financial Corp. by First Citizens Bank, which is headquartered in Raleigh, N.C. Entegra provides deposit and loan services through its subsidiary, Entegra Bank.

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North Shore Bank and Beverly Bank to Merge in Massachusetts

Massachusetts companies North Shore Bank, based in Peabody, and Beverly Bank announced plans to merge, creating an organization with more resources to better serve the people, businesses and communities north of Boston. Under the terms of the definitive merger agreement, Beverly Financial and Beverly Bank will merge with and into North Shore Bancorp and North Shore Bank, respectively.

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First American Bank SVP Testifies Before Senate Small Business Committee

Daniel Pische, senior vice president of trade finance at First American Bank, Coral Gables, Fla., was invited to testify before the United States Senate Small Business and Entrepreneurship Committee. Pische, who is based out of Miami, is recognized for his expertise on the SBA’s export programs and trade finance lending. He testified on April 10 during a hearing titled “Reauthorization of the SBA’s International Trade Programs.”

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Banesco USA Gets More than $11 Million in Capital to Fuel Growth

Banesco USA has received approximately an $11.9 million capital injection from its shareholders to continue its growth and technological innovations across south Florida in 2019. The increase in capital marks a highly successful year for the local bank.

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