Entegra Financial Corp. – Employment and Change of Control Agreement (October 15th, 2014)
THIS EMPLOYMENT AND CHANGE OF CONTROL AGREEMENT (this Agreement) is made and entered as of the 9th day of October, 2014 by and among Entegra Financial Corp. ( Entegra), Macon Bank, Inc. (the Bank) (Entegra and the Bank are collectively referred to as the Employer), and Roger D. Plemens (Executive).
Entegra Financial Corp. – Memorandum of Understanding (May 14th, 2014)
The January 6, 2014 Report of Examination (Report) of Macon Bank, Inc., Franklin, North Carolina (Bank) continues to reflect less than satisfactory conditions which, if not corrected, could worsen into a more severe situation. Thus, a program of corrective action is warranted as outlined in this Memorandum of Understanding (Memorandum). This Memorandum is an agreement between the Board of Directors of Macon Bank, Inc., (Board), the Regional Director of the FDICs Atlanta Regional Office, and the North Carolina Commissioner of Banks (collectively referred to as Supervisory Authorities) whereby the Bank, through its management and Board, agrees to act in good faith to comply with the requirements of the Memorandum. Unless otherwise specified, all time periods start with the effective date of this Memorandum. The program of corrective action is as follows: