CresCom Bank Welcomes Jackie Sgro as New Mortgage Loan Originator in Wilmington

MYRTLE BEACH, S.C., July 7, 2017 – CresCom Bank, a community-banking leader within the Carolinas, opened its second branch location in Wilmington earlier this year. Now, the banking team continues to grow with the addition of Jackie Sgro as a new mortgage loan originator.

Before joining CresCom Bank, Sgro served as a mortgage loan originator at OVM Financial. Prior to that, Sgro served as vice president and area manager at Nantucket Bank and as vice president and banking center manager at Bank of America.

“CresCom Bank continues to grow throughout the Carolinas and we continue to find the best talent to add to our team,” said David L. Morrow, CEO of CresCom Bank.

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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 branches throughout the Carolinas and also owns and operates 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 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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