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CAROLINA FINANCIAL CORPORATION NAMES JERRY L. REXROAD AS NEW CHIEF EXECUTIVE OFFICER

July 11, 2013, Charleston, S.C. – Carolina Financial Corporation, the holding company for CresCom Bank, a S.C. state-charted community bank, has named Jerry L. Rexroad as its chief executive officer. Rexroad, a certified public accountant with more than 20 years of experience in financial institution management, first joined Carolina Financial Corporation in May 2008.

In addition to his new chief executive officer position, Rexroad is also the senior executive vice president of CresCom Bank, and chief executive officer and chairman of the board of Crescent Mortgage Company.

“Jerry has done an outstanding job as the leader of our wholesale mortgage company, Crescent Mortgage,” said Lieutenant General Claudius E. Watts, III, chairman of the board of directors for Carolina Financial Corporation. “He has a great deal of experience in the banking and financial industry, and has already hit the ground running and we look forward to building on Carolina Financial Corporation’s success with Jerry at the helm.”

“I look forward to continuing to grow and strengthen Carolina Financial Corporation’s position within the marketplace,” said Rexroad. “As new CEO, my focus will also be on fostering smart growth and expansion for CresCom Bank, South Carolina’s #1 community bank.”

Rexroad is a member of the American Institute of Certified Public Accountants, the S.C. Association of Certified Public Accountants and the Financial Managers Society, Inc.  In addition, he is past chairman of Junior Achievement of Myrtle Beach and Junior Achievement of Greenville.

Currently, Carolina Financial Corporation operates 10 CresCom Bank branch locations within South Carolina. 

About Carolina Financial Corporation
Carolina Financial Corporation is the holding company for CresCom Bank, a South Carolina state chartered community bank, which began operations in March 2012 following the merger of the company’s former subsidiary banks, Crescent Bank and Community FirstBank.  CresCom Bank operates 10 branch locations along the coast of South Carolina.  Offering a strong core of banking products and services and a committed group of community leaders, management and personnel, CresCom Bank remains committed to warm, exceptional service and a strong knowledge of local businesses and economic trends.

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