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CRESCOM BANK TO OPEN NEW BRANCH IN CANE BAY

April 28, 2014, Charleston, S.C. – Representatives of CresCom Bank announced today that they will be opening an office at The Market at Cane Bay, a retail shopping complex situated adjacent to Cane Bay Boulevard and Highway 176 in Berkeley County.

The 1200-square-foot branch will open in mid summer and will represent the 13th branch for the bank.

“This represents our first branch in Berkeley County and we are very pleased that it is in the fast-growing Cane Bay marketplace,” said CresCom Bank Chief Executive Officer David L. Morrow. “It also continues our goal of providing banking services to all Tri-County area residents.”

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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