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CresCom Bank Promotes Bill Langfitt to Senior Vice President

CHARLESTON, S.C., Nov. 29, 2016 – CresCom Bank, the community-banking leader within the Carolinas, is pleased to announce the promotion of Bill Langfitt to senior vice president. Langfitt joined CresCom Bank in March of 2012 as a commercial loan officer and will continue in that role for the Myrtle Beach market.

Prior to joining CresCom Bank, he worked at Horry County State Bank as a commercial loan officer, and previously worked as a branch manager and small business loan officer at Coastal Federal Bank.

Langfitt holds a Bachelor of Arts degree in sports management from Coastal Carolina University and a Master’s degree in business administration from Winthrop University.

“We are pleased to announce the promotion of Bill to the title of senior vice president of CresCom Bank,” said David L. Morrow, CEO of CresCom Bank. “He has shown through his hard work and knowledge of the banking industry that this is well deserved. We know that Bill will continue his exceptional service that our customers appreciate.”

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 Sept. 30, 2016, Carolina Financial Corporation had approximately $1.7 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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