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CresCom Bank Welcomes Jenson Kanavos as a Mortgage Loan Originator for Wilmington Market

CHARLESTON, S.C., Aug. 23, 2016 – CresCom Bank, the community-banking leader within the Carolinas, welcomes Jenson Kanavos to its Wilmington market as a mortgage loan originator, reporting to Wade Burke.

Kanavos brings to the CresCom Bank team several years of experience, including most recently time with Bank of America where she served as a mortgage loan originator and personal banker. She also brings global banking strategic sales experience from Bank of America.

Kanavos also received a Bachelor of Arts degree in business administration from California State University, Fullerton.

“Jenson will be an asset to our Wilmington CresCom Bank team as we continue to expand into this market,” said David L. Morrow, CEO of CresCom Bank. “We are pleased to be able to serve the community with quality team members who have a good understanding of residents’ financial needs.”

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 27 branch locations throughout the Carolinas, in addition to a loan production office in Wilmington, N.C. In January 2016, the Carolina Financial Corporation, the bank’s parent company, announced the acquisition of Congaree Bancshares, Inc., a $116 million bank holding company headquartered in the Columbia, S.C. market. 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 June 30, 2016, Carolina Financial Corporation had approximately $1.6 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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