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CRESCOM BANK MAKES DONATION TO TEACHER’S SUPPLY CLOSET

October 17, 2012 Charleston, S.C. – Representatives of CresCom Bank today announced the bank donated $2,000 to Charleston’s Teacher’s Supply Closet to help repair damages caused by the heavy rains throughout the region.

In August, weather due to Hurricane Isaac brought torrential rainfall and street flooding to the Charleston area, bringing between four and eight inches of rain across the low-lying metropolitan area.

Due to the rain, Teacher’s Supply Closet’s ceiling collapsed and approximately three inches of rain ended up in the building.  Most of the school supplies were saved, however, severe structure damage was caused to the building’s roof.

“CresCom Bank wanted to do something to help Charleston’s flood victims and we saw this as an opportunity to step up to the plate,” said David Morrow, president of CresCom Bank. “We are a community bank that cares about the needs of our neighbors and this was a positive way to show our support and help during a difficult time.”

Presenting the check to Teacher’s Supply Closet was David Morrow, chief executive officer of CresCom Bank, to Deborah Halon, chief operating officer and Yvonne Orr, chairman of the board.

About Teachers Supply Closet

Teachers' Supply Closet (TSC) is a non-profit organization that provides free school supplies to teachers in the Tri-County area. Their mission is to serve the educational and creative needs of children, by providing unique means to offer free merchandise donated from businesses and individuals, for teachers to use in their classrooms.

About CresCom Bank

CresCom Bank’s origins were derived from the consolidation of Crescent Bank and Community FirstBank.

Both Community FirstBank (Charleston) and Crescent Bank (Myrtle Beach) were founded by local business leaders committed to building successful banks in both cities under the umbrella of parent holding company Carolina Financial Corporation. The reason for both banks forming was the same: as a response to several large bank mergers that left few community banking choices for area residents and businesses.

CresCom Bank has 10 locations along the coast of South Carolina. Offering a strong core of banking products and services and a committed group of community leaders, management and personnel, CresCom Bank remains committed to warm, exceptional service and a strong knowledge of local businesses and economic trends.

It’s this dedication that makes "Have a nice bank." more than just a slogan, but a commitment to service. This combined with years of experience and unique understanding of financial opportunities along coastal South Carolina that makes CresCom Bank the perfect fit for either personal or business financial needs.

To learn more about CresCom Bank, visit www.facebook.com/CrescomBank or call 1-800-CRESCOM.

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