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CresCom Bank Adds to Commercial Loan Team with the Addition of Brian Blackwelder

MYRTLE BEACH, S.C., July 7, 2017 – CresCom Bank, a community-banking leader within the Carolinas, continues to welcome and promote new team members with the addition of Brian Blackwelder as a new commercial loan officer and vice president.

Blackwelder, who has an extensive banking career, came to the bank from Wells Fargo where he worked as a business banker. Prior to Wells Fargo, Blackwelder worked as a private banker for First Citizens Bank.

“The CresCom Bank team is thrilled to welcome Brian,” said David L. Morrow, CEO of CresCom Bank. “With his history of banking experience we believe he will make the perfect addition to our team to help us continue providing the best customer service throughout the Carolinas.”

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 34 branch locations throughout the Carolinas and owns Crescent Mortgage Company. 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 March 31, 2017, Carolina Financial had approximately $2.2 billion in total assets and Crescent Mortgage Company originated loans in 48 states partnering with community banks, credit unions and mortgage brokers.

To learn more about CresCom Bank, visit www.facebook.com/CresComBank and www.twitter.com/CresComBank.

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