Myrtle Beach Herald Readers’ Select CresCom Bank As Its Bank of the Year For Second Consecutive Year

CHARLESTON, S.C. – March 2, 2017 – CresCom Bank, the community-banking leader within the Carolinas, has received the honor of being called “Bank of the Year” by the Myrtle Beach Herald Readers’ Choice Awards for 2017. This is the second consecutive year that the bank has won in this category.

“As a community bank that prides itself on being committed to our customers and the towns they call home, we are pleased to be named as Bank of the Year once again,” said CresCom Bank Chief Executive Officer David L. Morrow. “This could not have been made possible without our loyal customers and excellent team members always ready to provide exceptional customer service.”

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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 30 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 Dec. 31, 2016, Carolina Financial Corporation had approximately $1.7 billion in total assets.

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