CresCom Bank Adds to West Ashley Branch with New Branch Manager and Vice President

MYRTLE BEACH, S.C., July 7, 2017 – CresCom Bank, the community-banking leader within the Carolinas, has named Carol Molony as a new vice president and branch manager for its West Ashley branch in Charleston, South Carolina. Molony brings an extensive background of banking experience to the ever-growing CresCom Bank team.

“Under Carol’s leadership, I am confident that the community of West Ashley will receive the exceptional customer service they have grown accustomed to as CresCom Bank customers,” said David L. Morrow, CEO of CresCom Bank.

Molony has previously worked for First Palmetto Bank where she served as a retail manager and oversaw multiple branches. Prior to that, she worked for Park Sterling Bank as a branch manager.

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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 also 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.

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