News

Lake Michigan Credit Union announces acquisition of Encore Bank

Lake Michigan Credit Union (LMCU), headquartered in Grand Rapids, Mich. has signed a definitive agreement to acquire Encore Bank, headquartered in Naples, Fla. The combined entity will have approximately $5.6 billion in assets, over $9 billion in serviced mortgages, with ten branches in Florida and over 40 in Michigan. “We are delighted that Encore Bank
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Encore Bank reports record operating performance for first quarter 2017

Tom Ray, CEO of Encore Bank, is pleased to announce that the Bank reported record operating performance for the first quarter. The bank eclipsed $400 million in assets during the quarter on the strength of $26 million growth in deposits. Compared to the prior year, loans are up an impressive $42.7 million or 17.2% to
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Christopher Houtchens

Christopher Houtchens Named Chief Credit Officer at Encore Bank NAPLES, Fla. (Feb. 24, 2017) – Encore Bank is pleased to announce that Christopher Houtchens has joined the bank as Executive Vice President, Chief Credit Officer. Houtchens brings 45 years’ banking experience, mostly in Southwest Florida markets. He holds a business administration and marketing degree from
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Encore Bank Again Tops Its Own Record in Fourth Quarter 2016

Encore Bank is pleased to announce that Ovation Holdings, through its wholly owned subsidiary, Encore Bank, reported record operating performance for the fourth quarter of 2016. It was the second record-breaking quarter in a row. The Bank grew its loan portfolio $13.9 million during the quarter to end the year at $296.5 million. For the
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