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CresCom Bank Announces Danita Eldridge as Electronic Banking Manager/Assistant Vice-President

CHARLESTON, S.C., May 23, 2016 – CresCom Bank, the community-banking leader within the Carolinas, has named Danita Eldridge as its new electronic banking manager and assistant vice president. In her new position, Eldridge will be based out of the bank’s Operations Center in West Ashley, reporting to Lisa James.

Prior to joining CresCom Bank, Eldridge served as the deposit operations manager at Southcoast Community Bank, and also held the positions of branch support specialist and customer service representative within its retail division.

Eldridge received her Associate Degree from Trident Technical College and her Bachelor of Arts degree in business administration from Strayer University. She is also an Accredited Automatic Clearing House (ACH) professional (AAP.)

“We are pleased to welcome Danita on board as our electronic banking manager,” said David L. Morrow, CEO of CresCom Bank. “She has extensive banking experience within our Coastal communities and is a recognized leader within our industry. We know she will be a great asset to our team and benefit to our customers.”

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 27 branch locations throughout the Carolinas, in addition to a loan production office in Wilmington, N.C. In January 2016, the Carolina Financial Corporation, the bank’s parent company, announced the acquisition of Congaree Bancshares, Inc., a $116 million bank holding company headquartered in the Columbia, S.C. market. Currently, CresCom Bank also owns and operates Crescent Mortgage Company, which lends in 45 states, partners with 2,000 community banks, credit unions and mortgage brokers, and offers access to various loan programs. 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, 2016, Carolina Financial Corporation had approximately $1.5 billion in total assets.

To learn more about CresCom Bank, call 1-855-CRESCOM. Stay current on bank news and happenings on social media: www.facebook.com/CresComBank and www.twitter.com/CresComBank.

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