CEO Marks Big Year for Carolina Financial Corporation through Ringing The Nasdaq Stock Market Closing Bell
January 12, 2015
CHARLESTON, SC – Carolina Financial Corp. (Nasdaq: CARO) CEO Jerry Rexroad rang The Nasdaq Stock Market Closing Bell today to celebrate the company’s addition to The Nasdaq Capital Market on July 1, 2014. On Dec. 2, 2014, the company was also added to the to the Nasdaq Community Bank Index (ABAQ) by the American Bankers Association.
“Today’s milestone event is an affirmation of the company’s strength and our expertise within the banking community,” said Carolina Financial Corp. President and CEO Jerry Rexroad. “We’re pleased to be recognized by the Nasdaq with this honor and to share this celebration with our board of directors and team members. The past year has included several important events for Carolina Financial Corp. and we anticipate continued growth and success.”
In 2014, Carolina Financial Corp. was ranked #1 S.C.-based community bank on American Banker Magazine’s list of “Top 200 Community Banks and Thrifts as Ranked by Three-Year Average ROE.” It ranked #6 overall when compared to community banks across the United States.
Carolina Financial, Corp. is the parent company of CresCom Bank, which during December 2014, completed a 13-branch acquisition from First Community Bank (Bluefield, Va.) Currently, CresCom Bank has 26 branch locations throughout the Carolinas, with an additional two loan production offices in Greenville, SC and Wilmington, NC.
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 mortgage loan programs.
About Carolina Financial Corp.
Financial Corporation (NASDAQ:CARO) is the holding company of CresCom Bank, which also owns and operates Atlanta-based Crescent Mortgage Company. As of December 31, 2014, Carolina Financial Corporation had approximately $1.2 billion in total assets. To learn more about CresCom Bank, visit www.haveanicebank.com or call 1-855-CRESCOM.
