Exhibit 99.1

FOR IMMEDIATE RELEASE

ENTEGRA FINANCIAL CORP. ANNOUNCES

THIRD QUARTER 2014 RESULTS

Highlights:

Franklin, North Carolina, October 30, 2014 — Entegra Financial Corp. (NASDAQ: ENFC) (the “Company”), the holding company for Macon Bank (the “Bank”), today announced earnings for the three and nine month periods ended September 30, 2014.

Roger D. Plemens, President and CEO of the Company, reported, “We are extremely pleased with our improved third quarter and year-to-date performance compared to 2013. The closing of our stock offering and conversion on September 30, 2014 was a historic milestone for the Company as we raised $65.5 million of additional capital from our depositors. The additional capital will help further grow our banking franchise as we continue to provide our customers with outstanding service and products in our current footprint and beyond.”

Net Interest Income

Net interest income increased $22,000, or 0.4%, to $6.2 million for the three months ended September 30, 2014 compared to $6.1 million for the same period in 2013. For the nine months ended September 30, 2014, net interest income increased $1.1 million, or 5.9%, to $19.5 million, compared to $18.4 million for the same period in 2013. The increase in net interest income for the nine months ended September 30, 2014 was primarily attributable to the recognition of $1.1 million of deferred interest and discounts resulting from the repayment and restructuring of two commercial loans.

Provision for Loan Losses

The provision for loan losses decreased $548,000, or 97.2%, to $16,000 for the three months ended September 30, 2014, compared to $564,000 for the same period in 2013. For the nine months ended September 30, 2014, the provision for loan losses decreased $2.1 million, or 98.7%, to $27,000, compared to $2.2 million for the same period in 2013. The decrease in the provision for loan losses for both periods was attributable to the Company’s improved asset quality as well as a decline in the overall historical loss rates used in our allowance for loan losses model.

Noninterest Income and Expense

Noninterest income increased $219,000, or 18.0%, to $1.4 million for the three months ended September 30, 2014 compared to $1.2 million for the same period in 2013. For the nine months ended September 30, 2014, noninterest income remained unchanged at $4.4 million compared to the same period in 2013. The increase in noninterest income for the quarterly period was primarily attributable to increases in gains on the sale of investments, fair value of mortgage servicing rights, and interchange fees, partially offset by a reduction in mortgage banking income.

Noninterest expense decreased $454,000, or 7.5%, to $5.6 million for the three months ended September 30, 2014 compared to $6.0 million for the same period in 2013. For the nine months ended September 30, 2014, noninterest expense decreased $1.0 million, or 5.4%, to $17.4 million, compared to $18.4 million for the same period in 2013. The decrease in noninterest expense for both periods was primarily attributable to decreases in the net cost of operation of real estate owned and federal deposit insurance assessments. The net cost of operation of real estate owned decreased $494,000, or 45.6%, and $1.5 million, or 43.1%, for the three and nine months ended September 30, 2014 compared to the same periods in 2013, respectively.

Balance Sheet

Total assets increased $99.9 million, or 12.7%, to $884.4 million at September 30, 2014 compared to $784.5 million at December 31, 2013, due primarily to the $63.7 million of net proceeds received from the stock offering, as well as $26.5 million of deposit growth.

Consistent with the moderate improvement in market conditions across our footprint, net loans increased by $8.1 million to $530.0 million at September 30, 2014 from $521.9 million at December 31, 2013.

Total equity increased $71.8 million, or 220.8%, to $104.3 million at September 30, 2014 compared to $32.5 million at December 31, 2013. In addition to the net proceeds received from our stock offering, $4.6 million of year-to-date net income and a $3.4 million improvement in unrealized losses on investment securities available for sale contributed to the increase in equity.

Asset Quality

Non-performing loans decreased $3.2 million, or 20.7%, to $12.4 million at September 30, 2014 compared to $15.6 million at December 31, 2013. Real estate owned decreased $4.3 million, or 41.3%, to $6.2 million at September 30, 2014 compared to $10.5 million at December 31, 2013.

Non-performing assets were 2.10% of total assets and 17.8% of total equity at September 30, 2014 compared to 3.33% and 80.4% at December 31, 2013, respectively.

For the three months ended September 30, 2014, we had net loan recoveries of $195,000 compared to net charge-offs of $940,000 for the same period in 2013, a net improvement of $1.1 million. Net loan charge-offs were $2.5 million for the nine months ended September 30, 2014 compared to $3.7 million for the same period in 2013.

Roger D. Plemens commented, “We have made great strides in reducing our non-performing assets and improving the Company’s overall asset quality throughout 2014. We will continue to devote the necessary time and effort to further reduce our non-performing assets while also maintaining focus on deploying our additional capital into high quality assets.”

About Entegra Financial Corp.

Entegra Financial Corp. became the holding company of Macon Bank on September 30, 2014 upon the completion of the mutual-to-stock conversion of Macon Bancorp and the Company’s related stock offering. A total of 6,546,375 shares were sold in the offering at $10.00 per share for gross and net proceeds of $65.5 million and $63.7 million, respectively. The Company’s shares began trading on the NASDAQ Global Market on October 1, 2014 under the symbol “ENFC”.

The Bank operates a total of 11 branches located throughout the western North Carolina counties of Cherokee, Henderson, Jackson, Macon, Polk and Transylvania.

Disclosures About Forward-Looking Statements

The discussions included in this document and its exhibits may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including Section 21E of the Securities Exchange Act of 1934 and Section 27A of the Securities Act of 1933. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially. For the purposes of these discussions, any statements that are not statements of historical fact may be deemed to be “forward-looking statements.” Such statements are often characterized by the use of qualifying words such as “expects,” “anticipates,” “believes,” “estimates,” “plans,” “projects,” or other statements concerning opinions or judgments of the Company and its management about future events. The accuracy of such forward looking statements could be affected by factors including, but not limited to, the financial success or changing conditions or strategies of the Company’s customers or vendors, fluctuations in interest rates, actions of government regulators, the availability of capital and personnel or general economic conditions. These forward looking statements express management’s current expectations, plans or forecasts of future events, results and condition, including financial and other estimates. Additional factors that could cause actual results to differ materially from those anticipated by forward looking statements are discussed in the Company’s filings with the Securities and Exchange Commission, including without limitation its Registration Statement on Form S-1, quarterly reports on Form 10-Q and current reports on Form 8-K. The Company undertakes no obligation to revise or update these statements following the date of this press release.

ENTEGRA FINANCIAL CORP. AND SUBSIDIARIES

CONDENSED STATEMENTS OF INCOME (Unaudited)

(Dollars in thousands, except per share data)

ENTEGRA FINANCIAL CORP. AND SUBSIDIARIES

SELECTED BALANCE SHEET DATA

(Dollars in thousands, except per share data)

ENTEGRA FINANCIAL CORP. AND SUBSIDIARIES

SELECTED FINANCIAL RATIOS AND OTHER DATA

(Dollars in thousands, except per share data)