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Henderson County News

What's going up at Haywood Road/Asheville Highway?

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Work is finally under way on the new State Employees Credit Union building two years after SECU bought the land.   Read Story »

Tags: banking | SECU | State Employees Credit Union

Henderson County Business

First Citizens announces merger with Entegra

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First-Citizens Bank & Trust Company and Entegra Financial Corp. announced today the signing of a definitive merger agreement.   Read Story »

Tags: banking

Henderson County Business

Entegra to merge with Knoxville-based Smartbank

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SmartFinancial Inc., the parent company of SmartBank, and Entegra Financial Corp., the parent company of Entegra Bank, have signed a merger agreement under which Entegra will combine with SmartFinancial in a strategic merger of equals.   Read Story »

Tags: banking | Macon Bank | Entegra Bank | Smartbank

Henderson County News

Bob Sherman, banker and civic leader, dies at age 85

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Bob G. Sherman, who started his business career in the family grocery store and went on to a banking career that helped propel Hendersonville's growth in the 1960s and ‘70s, died Monday in Paducah, Ky. He was 85.   Read Story »

Tags: banking

Henderson County Business

Credit union opens first in-school branch at WHHS

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Mountain Credit Union has announced the grand opening of the region's first ever student-run in-school credit union branch, which is at West Henderson High School.   Read Story »

Tags: West Henderson High School | banking

Henderson County News

Business briefs: Bank stock, privilege tax, Warm Co., BB&T

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Tags: economic development | local government borrowing | banking | local government budgets

Hendersonville Business

Mountain 1st branches become First Citizens banks

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Mountain 1st Bank's home office and its branches got new signs over the New Year's holiday and reopened on Thursday as First Citizens Bank branches.   Read Story »

Tags: Mountain 1st | banking

Hendersonville Business

LIGHTNING EXCLUSIVE: The rise and fall of Mountain 1st Bank

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  Mountain 1st shareholders have received ballots to vote on merging the troubled bank with First Citizens Bank, a step that Mountain 1st directors and officers have strongly advocated.   Read Story »

Tags: economy | Mountain 1st | banking

Hendersonville Business

LIGHTNING EXCLUSIVE: Rise and fall of Mountain 1st Bank

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Don't miss this week's issue of Hendersonville Lightning, on the street a day early and in homes via U.S. mail on Wednesday.   Read Story »

Tags: Mountain 1st | banking

Hendersonville Business

Mountain 1st sale would close sour banking chapter

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First Citizens Bank's purchase of Mountain 1st Bank & Trust Co. would bring to a close a sour chapter of local banking history if Mountain 1st shareholders and federal regulators approve the transaction.   Read Story »

Tags: Mountain 1st | banking | First Citizens Bank

Henderson County Business

First Citizens, Mountain 1st to merge

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First Citizens Bank and Hendersonville-based Mountain 1st Bank announced a merger on Wednesday under which Mountain 1st will receive $10 million. Of the total, $8 million will be used to repay a TARP loan and exit the 2008 bank rescue program and $2 million will go to Mountain 1st shareholders, or 38 cents a share.   Read Story »

Tags: finance | banking