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CRESCOM BANK WELCOMES FOUR NEW TEAM MEMBERS

April 8, 2014, Charleston, S.C. - CresCom Bank welcomes four new team members, including Joe Caruso and Kim Hilton as senior mortgage loan originators, Alyssa Chameroy who will work in the call center and Teresa Becker joins the electronic banking department.

Caruso joins CresCom Bank from Bank of America, where he most recently held the position of senior mortgage loan officer. Caruso will operate out of the Dorchester Road and Summerville branches and will report to Mark Branstrom, the retail mortgage group president. He holds a bachelor of arts degree in political science from Niagara University and a master’s degree from Webster University.

Hilton joins CresCom Bank from Bank of America, where he most recently held the position of mortgage loan originator. Prior to that, he worked for The Beach Company in real estate sales. He will operate out of the Mt. Pleasant branch and will also report to Branstrom. He holds a bachelor of science degree in business from the College of Charleston.

Chameroy, previously a teller at Bank of America will operate out of the bank’s operation center at the West Ashley location.

Becker, will work out of the West Ashley branch, and has previous banking experience as a senior teller and customer service experience.

“We’re pleased to welcome four new team members to our CresCom Bank family,” said David L. Morrow, CEO of CresCom Bank. “From our mortgage department to our call center, we continue to hire skilled financial experts who can meet the variety of needs of our clients.”

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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