CresCom Bank Launches CresCom Financial Services Through a Partnership with LPL Financial
CHARLESTON, S.C., October 17, 2016 – CresCom Bank, the community-banking leader within the Carolinas, now offers access to financial advising as a service to its customers through a partnership with LPL Financial, the largest independent broker/dealer in the United States.* The new program, CresCom Financial Services, is currently available to all CresCom Bank customers within the Charleston market and the bank has plans to expand this service to its additional markets throughout the Carolinas.
Customers interested in discussing investment strategies may contact their local branch to schedule a meeting.
LPL Financial was formed in 1989 through the merger of two small brokerage firms, Linsco and Private Ledger, and now offers an integrated platform of technology, brokerage, and investment advisor services to more than 14,000 financial advisors.
“We’re pleased that our partnership with LPL Financial will help us address the financial planning needs of our customers while continuing to deliver superior customer service,” said David L. Morrow, CEO of CresCom Bank. “LPL has an excellent reputation within the industry and its seasoned team of professionals make this an ideal partnership.”
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 29 branch locations throughout the Carolinas, in addition to a loan production office in Wilmington, N.C. 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 June 30, 2016, Carolina Financial Corporation had approximately $1.6 billion in total assets.
*As reported by Financial Planning magazine, June 1996-2016, based on total revenue.
Securities and financial planning offered through LPL Financial, a registered investment advisor, Member FINRA/SIPC. Insurance products offered through LPL Financial or its licensed affiliates. The investment products sold through LPL Financial are not insured CresCom Bank deposits and are not FDIC insured. These products are not obligations of the CresCom Bank and are not endorsed, recommended or guaranteed by CresCom Bank or any government agency. The value of the investment may fluctuate, the return on the investment is not guaranteed, and loss of principal is possible. CresCom Bank and CresCom Financial Services are not registered broker/dealers and are not affiliated with LPL Financial.
More information of our locationsCane Bay
Greenville Loan Production Office
North Myrtle Beach