CresCom Bank Promotes Assistant Vice President in Credit Department

MYRTLE BEACH, S.C., June 12, 2017 – CresCom Bank, the community-banking leader within the Carolinas, is pleased to announce the promotion of Dee McLemore as a new assistant vice president for its credit department.

McLemore, who has a long and distinguished banking career, has been promoted from within the CresCom Bank team. She joined the bank in July of 2008 and has been a key contributor to its success.

Before joining CresCom Bank, McLemore worked for Sovereign Bank in the commercial asset review department. She served as the senior director in risk review examination for Fleet Boston Financial prior to Sovereign Bank.

“CresCom Bank is thrilled to announce Dee’s promotion,” said David L. Morrow, CEO of CresCom Bank. “She has been a key contributor to the bank’s success since the beginning and we know she will continue to excel.”

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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. Currently, CresCom Bank also owns and operates Crescent Mortgage Company, which lends in 45 states, partners with community banks, credit unions and mortgage brokers. 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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