Encore Bank announced Wednesday (Oct. 6) it is expanding into Birmingham, Ala. The Little Rock-based boutique bank said it has added two veteran bankers to its team to head up the expansion.
“Encore is committed to serving our clients and communities in extraordinary ways,” said Phillip Jett, Encore Bank’s Vice Chairman and Chief Banking Officer. “With our personalized and client-centered approach to banking, we know the people of Birmingham will soon understand the Encore Difference.”
Encore hired Brent Balogh as the Executive Vice President and Birmingham Regional President and Mark Feagin as the Senior Vice President and Business Development and Treasury Management Officer.
Balogh comes to Encore Bank from the Community Bank of Mississippi, where he held the position of Senior Vice President. Balogh has a Bachelor of Science in Business Administration from Auburn University and an MBA from Manderson Graduate School of Business at the University of Alabama. Before his tenure at Community Bank of Mississippi, Balogh held various roles at First U.S. Bank and Cadence Bank.
Feagin has 37 years of banking experience with an extensive background in treasury management and commercial banking. Feagin holds a bachelor’s degree in finance from Auburn University. Before joining Encore Bank, Feagin worked for various financial institutions, including Regions, IBERIABANK and JP Morgan Chase.
The Capital Bank was founded in 1997, but rebranded as Encore Bank in 2019 after a change in leadership. Encore Bank is a private bank with a commercial focus. It currently operates in 16 markets across seven states. As of August 31, 2021, Encore Bank had $1.2 billion in total assets.