CresCom Bank Information

On March 26, 2012, sister banks Crescent Bank in Myrtle Beach, South Carolina and Community FirstBank in Charleston, South Carolina both under the umbrella of parent holding company Carolina Financial Corporation consolidated to become one bank – CresCom Bank. The name and the logo pay tribute to our former brands by using elements from both Crescent Bank and Community FirstBank, along with the Crescent Moon, which is such an iconic brand element of our state. Today, 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 61 branch locations throughout South Carolina and Eastern North Carolina, and it 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. Member FDIC