CAROLINA FINANCIAL CORP. RANKED #1 S.C. COMMUNITY BANK FOR 3-YEAR ROAE BY AMERICAN BANKER MAGAZINE
May 7, 2014, Charleston, S.C. – Carolina Financial Corporation (OTCQB: CARO), the holding company for CresCom Bank, a S.C. state-chartered community bank, has been ranked the #1 S.C.-based community bank on American Banker Magazine’s current list of “Top 200 Community Banks and Thrifts as Ranked by Three-Year Average ROE.” (http://www.americanbanker.com/magazine/124_04/rising-tide-our-ranking-of-the-top-200-community-banks-1066820-1.html) Carolina Financial Corp. posted a three-year ROAE of 17.1 percent.
Carolina Financial Corporation ranked #6 overall when compared to community banks across the United States.
Of the 200 community banks that made American Banker Magazine’s list, only three S.C.-based community banks were ranked.
Currently, Carolina Financial Corporation operates 12 CresCom Bank branch locations within South Carolina, with two additional branches opening later this year, and Crescent Mortgage Company in Atlanta, Ga.
“We’re pleased to rank as the #1 S.C. community bank on American Banker Magazine’s list,” said Carolina Financial Corporation President and CEO Jerry Rexroad. “It’s a significant accomplishment, and evidence of the strength of our bank and holding company.”
About Carolina Financial Corporation
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, CresCom Bank 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. In 2014, Carolina Financial Corporation ranked #6 on American Banker’s list of “Top 200 Community Banks and Thrifts as Ranked by Three-Year Average ROE.” It represented the #1 S.C. community bank on this list. To learn more about CresCom Bank, visit www.facebook.com/CresComBank and www.twitter.com/CresComBank or call 1-855-CRESCOM.