CresCom Bank Supports Local Community Initiatives By Sponsoring 2017 Settle Awards

MYRTLE BEACH, S.C., March 23, 2017 – CresCom Bank, the community-banking leader within the Carolinas, will sponsor the 2017 Settle Awards presented by the World Affairs Council of Charleston on Wednesday, April 5 at The Citadel, The Military College of South Carolina.

The Settle Awards are presented annually to students who demonstrate excellence in their studies of world history and foreign affairs. Through this sponsorship, CresCom Bank also purchases books for the awarded students.

“CresCom Bank is happy to continue to sponsor the Settle Awards each year and to honor the students receiving the special recognition,” said David L. Morrow, CEO of CresCom Bank. “Each student should be proud for the hard work they put in and dedication it takes to receive a Settle Award. CresCom Bank is proud of them as well.”

The annual Settle Awards are named after John M. Settle, Sr., a graduate of The Citadel. Settle was CEO of CommunityFirst Bank until 2002, and prior to being CEO he was chairman emeritus of CommunityFirst Bank, which later became CresCom Bank.

For information about the World Affairs Council of Charleston visit

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, in addition to loan production offices in Wilmington, N.C. and Greenville, SC. 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 Sept. 30, 2016, Carolina Financial Corporation had approximately $1.7 billion in total assets.

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