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MYRTLE BEACH REGIONAL ECONOMIC DEVELOPMENT CORPORATION ADDS JERRY REXROAD TO ITS BOARD

June 3, 2013, Myrtle Beach, S.C. – The Myrtle Beach Regional Economic Development Corporation (MBREDC) has named Jerry Rexroad as its newest board member. Rexroad is the Chief Executive Officer of Carolina Financial Corporation, Senior Executive Vice President of CresCom Bank and Chief Executive Officer and Chairman of the Board of Crescent Mortgage Company. Rexroad is the tenth new board member to join in 2013.

The MBREDC now has a total of 41 board members, 15 of whom sit on the Executive Committee.  The board meets quarterly, and each member is assigned to a working committee with the organization.  All board members are dues-paying private members of the MBREDC and have to be nominated by a seated board member.  Candidates go through a three-step vote-in process and board members serve a two-year term.

“It’s an honor to join the distinguished group of businessmen and women who make up the organization’s board,” said Rexroad. “I look forward to serving the community and helping to foster economic growth and development for the Myrtle Beach area.”

Rexroad is a certified public accountant with more than 20 years of experience in financial institution management. Rexroad joined Carolina Financial Corporation in May 2008, and is a member of the American Institute of Certified Public Accountants, the South Carolina Association of Certified Public Accountants, and the Financial Managers Society, Inc.  In addition, he is past chairman of Junior Achievement of Myrtle Beach and past chairman of Junior Achievement of Greenville.

About CresCom Bank
CresCom Bank’s origins were derived from the consolidation of Crescent Bank and Community FirstBank.

Both Community FirstBank (Charleston) and Crescent Bank (Myrtle Beach) were founded by local business leaders committed to building successful banks in both cities under the umbrella of parent holding company Carolina Financial Corporation. The reason for both banks forming was the same: as a response to several large bank mergers that left few community banking choices for area residents and businesses.

CresCom Bank has 10 locations along the coast of South Carolina. Offering a strong core of banking products and services and a committed group of community leaders, management and personnel, CresCom Bank remains committed to warm, exceptional service and a strong knowledge of local businesses and economic trends.

It’s this dedication that makes "Have a nice bank." more than just a slogan, but a commitment to service. This combined with years of experience and unique understanding of financial opportunities along coastal South Carolina that makes CresCom Bank the perfect fit for either personal or business financial needs.

To learn more about CresCom Bank, visit www.facebook.com/CrescomBank or call 1-855-CRESCOM.

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