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CRESCOM BANK NAMES HELEN PETERS AS NORTH MYRTLE BEACH BRANCH MANAGER

April 22, 2014, Myrtle Beach, S.C. – CresCom Bank has named Helen Peters as its new North Myrtle Beach branch manager.

Previously, Peters served as a retail sales manager at First Citizens Bank in Myrtle Beach. Prior to that, she worked as a branch manager at Atlantic Bank and Trust. She also has retail banking experience at Coastal Federal Bank and Dollar Bank.

“We are pleased to select Helen as our new branch manager for the North Myrtle Beach branch,” said David L. Morrow, CEO of CresCom Bank. “She has a tremendous amount of experience within the market and is an excellent addition.”

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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