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CresCom Bank Welcomes Kevin Adams as Commercial Market Leader and SVP for Columbia, S.C.

CHARLESTON, S.C., June 16, 2016 – CresCom Bank, the community-banking leader within the Carolinas, has named Kevin Adams as its commercial market leader and senior vice president for the Columbia, S.C. market. In his new role, Adams will oversee the bank’s commercial growth in Columbia, a city where the bank recently acquired Congaree State Bank.

Adams recently served as the senior vice president and senior commercial lender for First Community Bank in Columbia. Prior to this, he served as its regional market president and city executive. Previous experience also includes time as First Palmetto Savings Bank’s vice president and city executive.

Adams received his Bachelor of Science degree in financial management from Clemson University and graduated from the Louisiana State University Graduate School of Banking and South Carolina Bankers School.

He is heavily involved in the Columbia and Lexington, S.C. communities, currently serving as the chairman of the Lexington County Development Corporation and treasurer of the Rotary Club of Lexington.

“Kevin is an excellent addition to our leadership team within the Columbia market and will serve as an exemplary CresCom Bank representative as we introduce ourselves this year to the marketplace,” said David L. Morrow, CEO of CresCom Bank. “We are pleased to be able to serve the community with a variety of our personal and commercial banking services, and know that we have a good understanding of the 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 March 31, 2016, Carolina Financial Corporation had approximately $1.5 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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