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ALAN GREER JOINS CRESCOM BANK AS SENIOR VP & CHARLESTON MARKET LEADER FOR RETAIL MORTGAGE BANKING

April 28, 2014, Charleston, S.C. – CresCom Bank has named Alan Greer as its senior vice president and the Charleston market leader for its Retail Mortgage Group.

Greer will report to Mark Branstrom, CresCom Bank’s Retail Mortgage Group president, and will operate out of the bank’s Summerville branch.

Previously, Greer served as the mortgage sales manager for SunTrust Banks, Inc. Prior to that, he was a mortgage loan officer and team leader with Bank of America.

Greer received his bachelor of science degree in business administration and management from the University of South Carolina.

“Alan’s mortgage lending experience, and leadership within the industry is a huge benefit to CresCom Bank and its Lowcountry customers,” said David L. Morrow, CEO of CresCom Bank. “We’re pleased to have him leading our Charleston market team.”

About CresCom Bank
The mission of CresCom Bank is to be recognized as the leader in community banking by creating optimum value for customers and shareholders. CresCom Bank currently has 12 branch locations throughout South Carolina, and offers a strong core of banking products and services. It remains committed to warm, exceptional service and possesses a strong knowledge of local businesses and economic trends. CresCom Bank’s dedication to providing superior quality service exemplifies the bank’s “Have a nice bank” slogan.

Carolina Financial Corporation (OTCQB: CARO) is the parent-holding company of CresCom Bank, and also owns and operates Atlanta-based Crescent Mortgage Company. Currently, the mortgage company lends in 43 states, partners with 2,000 community banks, credit unions and mortgage brokers, and offers access to various loan programs. In 2013, it ranked #9 on ABA Banking Journal’s national list of top performing non-S banks and thrifts with total assets of $100 million to $1 billion.

To learn more about CresCom Bank, visit www.facebook.com/CresComBank and www.twitter.com/CresComBank or call 1-855-CRESCOM.

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