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Cameron Smith Joins CresCom Bank as Mortgage Loan Originator

CHARLESTON, S.C., March 29, 2016 – CresCom Bank, the community banking leader within the Carolinas, has added Cameron Smith to its team as its newest mortgage loan originator. Smith will operate out of the bank’s Meeting Street branch in downtown Charleston, reporting to Alan Greer.

Smith brings extensive banking experience with him, having worked at Regions Bank and Bank of America in various mortgage-lending capacities.

A graduate of Clemson University, Smith received his Bachelor of Science degree in financial management with a concentration in real estate.

“Cameron is a strong addition to our Mortgage Division given his experience originating mortgage loans and his understanding of the Lowcountry real estate market,” said David L. Morrow, CEO of CresCom Bank. “We’re pleased to welcome him to the team.”

About CresCom Bank

CresCom Bank, a leader in community banking, is dedicated to providing exceptional customer service and quality products to the communities it calls home, and prides itself on its strong knowledge of local business and economic trends. Currently, CresCom Bank has 27 branch locations throughout the Carolinas, in addition to a loan production office in Wilmington, N.C. In January 2016, the Carolina Financial Corporation, the bank’s parent company, announced the acquisition of Congaree Bancshares, Inc., a $116 million bank holding company headquartered in the Columbia, S.C. market. Currently, CresCom Bank also owns and operates Crescent Mortgage Company, which lends in 45 states, partners with 2,000 community banks, credit unions and mortgage brokers, and offers access to various loan programs. In 2015, Carolina Financial Corporation (NASDAQ: CARO) ranked #1 on American Banker’s list of “Top 200 Community Banks and Thrifts as Ranked by Three-Year Average ROE.” It was also added to the Nasdaq Community Bank Index (ABAQ) by the American Banker’s Association. As of December 31, 2015, Carolina Financial Corporation had approximately $1.4 billion in total assets.

To learn more about CresCom Bank, call 1-855-CRESCOM. Stay current on bank news and happenings on social media: www.facebook.com/CresComBank and www.twitter.com/CresComBank.

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