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CRESCOM BANK NAMES MARK BRANSTROM NEW RETAIL MORTGAGE GROUP PRESIDENT

Nov. 6, 2013, Myrtle Beach, S.C. – Representatives from CresCom Bank announced today that Mark Branstrom has joined the community bank as its new Retail Mortgage Group president. In his new position, Branstrom will oversee the bank’s mortgage sales and fulfillment team.

Prior to joining CresCom Bank, Branstrom served as the senior vice president at Bank of America. During his time with the company, Branstrom was named to its Platinum Club a record 23 times. The club represents Bank of America’s mortgage loan originators who perform at the top two percent of their field. Branstrom was also named Bank of America’s top originator 10 times during his tenure with the company.

Collectively, Branstrom has 35 years of financial experience, with an emphasis in mortgage loans.

“CresCom Bank is committed to being the #1 community bank in the markets we serve which translates into us being able to offer the strongest possible mortgage products and team,” said Jerry Rexroad, CEO of Carolina Financial Corp., the parent company of CresCom Bank. “Mark’s addition to the team demonstrates this commitment, as well as our ownership of Atlanta-based Crescent Mortgage.”

“I’m pleased to be a part of the CresCom Bank team,” said Branstrom. “Our knowledge of the local market and our extensive mortgage experience helps make us a preferred lender for locals wanting someone who lives within their community and understands their specific needs.”

Branstrom received his Bachelor of Science degree in finance from the University of South Carolina.

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 11 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 1-855-CRESCOM.

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