Mark Barrett Returns to CresCom Bank as Mortgage Loan Originator for Little River

MYRTLE BEACH, S.C., June 9, 2017 – CresCom Bank, the community-banking leader within the Carolinas, welcomes back Mark Barrett as its mortgage loan originator at the Little River, South Carolina branch.

Barrett has nine-years of banking experience and has most recently worked with Bank of America, as well as a former mortgage loan officer with CresCom Bank.

“We are delighted that Mark was able to rejoin our CresCom Bank team,” said David L. Morrow, CEO of CresCom Bank. “He is a dedicated, hardworking and knowledgeable employee who is an asset to our company.”

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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 branch locations throughout the Carolinas. Currently, CresCom Bank also owns and operates Crescent Mortgage Company, which lends in 45 states, partners with community banks, credit unions and mortgage brokers. 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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