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Chattahoochee Bank in Gainesville bought by North Carolina bank
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The Chattahoochee Bank of Georgia, located on E.E. Butler Parkway in Gainesville, is being purchased by Entegra Bank. - photo by David Barnes
Gainesville’s Chattahoochee Bank of Georgia has been purchased by North Carolina-based Entegra Financial Corp., the holding company of Entegra Bank. The purchase of Chattahoochee with a mix of stock and cash was announced on Tuesday. Entegra paid $34.9 million — 70 percent cash and 30 percent stock — for the commercial bank on E.E. Butler Parkway, according to the announcement.