Encore Bank Leaves Winston-Salem

Encore Bank is exiting downtown Winston-Salem after three years, handing its branch operations to American National Bank of Danville, Virginia — a move that expands American National’s Triad footprint while keeping the branch open and retaining staff. The deal excludes Encore’s loans, but American National, with over $3 billion in deposits, sees it as a smart, strategic play to grow in North Carolina — where they’ve been since 2007 — amid a shifting banking landscape. Meanwhile, American National is shutting down its Virginia National Mortgage division, consolidating mortgage services into a smaller, Danville-based team. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/c55098101ee920cb