Encore Bank of Little Rock is opening two locations in the Carolinas, the first of multiple offices it has planned as part of an expansion to the area.
The bank said in a news release that it's opening locations in Charlotte and Charleston and considering other offices in Greenville, Asheville, Columbia, Raleigh, Wilmington and the region anchored by Greensboro, Winston-Salem and High Point known as the Piedmont Triad.
Encore, formerly known as Capital Bank, has been in growth mode since it rebranded and relaunched in 2019 under Chairman and CEO Chris Roberts. Once a financial company with one office and seven employees, it now operates in 16 markets in seven states, including Texas and Missouri.
The company employs about 200 people. It announced three new hires to lead operations in the Carolinas.
Michael Sharpton was hired as executive vice president and regional president for the Carolinas. Sharpton has more than 27 years of experience in the financial services industry, according to the release. He previously worked for Wells Fargo Commercial Bank as division sales executive for North and South Carolina.
Encore hired Fallon Meyer as senior vice president and market president for Charleston. Meyer, who has 11 years of experience in banking, was previously vice president and commercial relationship manager for Wells Fargo in Charleston.
Ben Freeman was hired as senior vice president and market president for Charlotte. Freeman has 20 years of banking experience. He comes to Encore from FNB Corporation, where he was senior vice president and business banking leader.
“When determining which markets to choose for expansion, our first priority is to find the right kind of leaders who have the skills and relationships to build an effective team, raise capital and build the Encore brand,” Vice Chairman and Chief Banking Officer Phillip Jett said in the release. “So far, we have been fortunate to find three experienced, innovative and talented bankers in the Carolinas to establish our presence there.”
Encore Bank said it had $1.3 billion in total assets, as of Sept. 30.