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CRESCOM BANK NAMES ELLEN CAVANAUGH SENIOR VICE PRESIDENT AND LOAN DEPARTMENT MANAGER

December 4, 2013, Charleston, S.C. – CresCom Bank is pleased to announce the promotion of Ellen Cavanaugh to senior vice president, who will also continue to hold her position as loan department manager. Cavanaugh oversees the loan (commercial and consumer) operations staff based out of the bank’s West Ashley branch in Charleston.

Cavanaugh joined CresCom Bank in 2008. Previously, she served as the loan-servicing manager at First Federal Savings and Loan.

“Ellen has done outstanding work for us over the past five years, including overseeing the merger of our consolidation and loan departments,” said CresCom Bank Chief Executive Officer David L. Morrow. “Her experience is invaluable to the company and she will continue to be an asset to our loan department in her role.”

The West Ashley branch is located at 884 Orleans Rd. in Charleston.

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 11 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, visit www.facebook.com/CrescomBank or call 1-855-CRESCOM.

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