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CRESCOM BANK WELCOMES JOHN RIDDICK AS VP AND COMMERCIAL LOAN OFFICER

March 20, 2014, Charleston, S.C. - CresCom Bank welcomes John Riddick as vice president and commercial loan officer for its Meeting Street branch.

Riddick brings with him significant commercial banking experience to CresCom Bank and most recently served as the regional executive officer at Tidelands Bank. Prior to that, he was market executive at Carolina First Bank and regional executive at NationsBank/Bank of America.

He holds a bachelor of science degree in economics from Wofford College. He is also a graduate of the South Carolina Bankers School, the Darden School of Commercial Lending and the Commercial Lending School-University of Oklahoma.

“We’re pleased to welcome John to our CresCom Bank family,” said David L. Morrow, CEO of CresCom Bank. “His wealth of lending knowledge and experience within the Carolinas further strengthen our commercial lending department.”

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. 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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