CresCom Bank Promotes Patty Vernon to Branch Manager and Banking Officer

CHARLESTON, S.C., Dec. 12, 2017 – CresCom Bank, a leading community bank in North and South Carolina, is pleased to promote Patty Vernon to branch manager and banking officer for the CresCom branch in Wilmington, N.C.

Vernon joined the bank in 2016 as a customer service representative. In her new position as branch manager, she will oversee the branch’s day-to-day operational programs, policies, procedures and sales while ensuring a high level of customer care.

Prior to joining CresCom Bank, Vernon worked in many customer care roles at Newbridge Bank, SunTrust Bank and East Carolina Bank.

“Patty has significant banking experience and has truly integrated herself into the Wilmington community,” said David L. Morrow, CEO of CresCom Bank. “She has already done a fantastic job by helping CresCom be better known in the community and we are excited to see Patty excel in this new leadership position.”

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 62 branch locations throughout the Carolinas and also owns Crescent Mortgage Company. 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 September 30, 2017, Carolina Financial had approximately $2.3 billion in total assets. Crescent Mortgage Company originates loans in 47 states partnering with community banks, credit unions and mortgage brokers.

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