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CRESCOM BANK ACQUIRES COMMERCIAL PROPERTY IN LITCHFIELD COMMUNITY, ANTICIPATES EXPANSION

August 1, 2013, Charleston, S.C. – Representatives of CresCom Bank announced today that they have acquired the commercial property located at 13021 Ocean Hwy. in Pawleys Island, S.C. The property is conveniently located adjacent to Highway 17 and is situated within the Litchfield community. CresCom Bank has acquired this property with the anticipation that it will continue to expand its branch locations within South Carolina.

“This new property – combined with our stable growth and #1 community bank in the markets we serve – represent an opportunity for future growth within the South Carolina market,” said CresCom Bank Chief Executive Officer David L. Morrow. “We look forward to the opportunity to introduce the ‘Have a nice bank’ brand to another community in South Carolina.”

Currently, CresCom Bank has four branch locations within the Myrtle Beach area and six locations within the Charleston market.

About CresCom Bank
CresCom Bank’s origins were derived from the consolidation of Crescent Bank and Community FirstBank.

Both Community FirstBank (Charleston) and Crescent Bank (Myrtle Beach) were founded by local business leaders committed to building successful banks in both cities under the umbrella of parent holding company Carolina Financial Corporation. The reason for both banks forming was the same: as a response to several large bank mergers that left few community banking choices for area residents and businesses.

CresCom Bank has 10 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.

It’s this dedication that makes "Have a nice bank." more than just a slogan, but a commitment to service. This combined with years of experience and unique understanding of financial opportunities along coastal South Carolina that makes CresCom Bank the perfect fit for either personal or business financial needs.

To learn more about CresCom Bank, www.facebook.com/CrescomBank or call 1-855-CRESCOM.

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