Carolina Financial Corporation Appoints New Chairman to its Board of Directors
May 18, 2015
CHARLESTON, SC – Carolina Financial Corporation (NASDAQ: CARO) announced today the appointment of G. Manly Eubank as chairman of its Board of Directors. Eubank will fill this position effective April 29, 2015 and replaces outgoing Chairman Lt. General Claudius E. Watts, III who retired from the Board of Directors April 29, 2015. Eubank has served on the organization’s Board of Directors since 1996.
Previously, he was the president of the Charleston Metro Chamber of Commerce and president of the S.C. Automobile Dealers Association. Eubank is the chairman of Palmetto Ford, Inc. and has more than 44 years of experience in the automotive business within the Charleston, S.C. market. Eubank received his degree from Wofford College in Spartanburg, S.C.
“We’re pleased to welcome Manly to the position of chairman for our Board of Directors,” said Carolina Financial Corporation Chief Executive Officer Jerry Rexroad. “His knowledge of the organization and nearly 20 years of experience on our board, make him a natural choice.”
Most recently, Carolina Financial Corporation was ranked #1 on American Banker’s list of Top 200 Publicly Traded Community Banks and Thrifts with assets less than $2 Billion as ranked by three-year average return on average equity.
The Charleston, S.C.-based company, which is the holding company of CresCom Bank, has 26 branches throughout North Carolina and South Carolina. For more information about CresCom Bank, visit www.haveanicebank.com.
About Carolina Financial Corporation
Carolina Financial Corporation (NASDAQ: CARO) is the holding company of CresCom Bank, which also owns and operates Atlanta-based Crescent Mortgage Company. As of March 31, 2015, Carolina Financial Corporation had approximately $1.3 billion in total assets and Crescent Mortgage Company originated loans in 45 states, and partnered with approximately 2,000 community banks, credit unions and mortgage brokers. In 2014, Carolina Financial was added to the Nasdaq Community Bank Index (ABAQ) by the American Bankers Association. It also ranked #1 on American Banker’s 2015 list of “Top 200 Community Banks and Thrifts as Ranked by Three-Year Average ROE.” During 2014, CresCom Bank completed two branch acquisitions and grew from 11 to 26 branch locations. In addition, in 2014 the Company added loan production offices in Greenville, S.C., and Wilmington, N.C. To learn more about CresCom Bank, visitwww.haveanicebank.com or call 1-855-CRESCOM.
