CresCom Bank Expands to Greenville, Names Frierson Upstate Market Leader & Executive VP

June 30, 2014

GREENVILLE, SC – CresCom Bank announced that it has expanded to the Upstate market this week, and has named Scott Frierson as its executive vice president and Upstate market leader. The expansion represents the first venture by CresCom Bank into the marketplace and the bank has tapped well-known local banking executive Frierson to be responsible for developing relationships and providing overall direction, guidance and support in Upstate activities.

Frierson has 22 years of financial experience within the Greenville market, including three years as president of Carolina First Bank. Most recently, he served as S.C. state executive and director of business banking for Certus Bank.

“We’re pleased to expand our footprint within South Carolina by entering into the Greenville marketplace,” said David L. Morrow, CEO of CresCom Bank. “It’s an important opportunity for us and Scott’s background gives us great confidence as we move into the Upstate.”

For additional information about CresCom Bank or to locate a local branch, visit www.haveanicebank.com.

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About CresCom Bank
The mission of CresCom Bank is to be recognized as the leader in community banking by creating optimum value for customers and shareholders. CresCom Bank currently has 12 branch locations throughout South Carolina, and offers a strong core of banking products and services. It remains committed to warm, exceptional service and possesses a strong knowledge of local businesses and economic trends. CresCom Bank’s dedication to providing superior quality service exemplifies the bank’s “Have a nice bank” slogan.

 
Carolina Financial Corporation (OTCQB: CARO) is the parent-holding company of CresCom Bank, which also owns and operates Atlanta-based Crescent Mortgage Company. Currently, the mortgage company lends in 43 states, partners with 2,000 community banks, credit unions and mortgage brokers, and offers access to various loan programs. In 2013, it ranked #9 onABA Banking Journal’s national list of top performing non-S banks and thrifts with total assets of $100 million to $1 billion.
 
To learn more about CresCom Bank, visit www.haveanicebank.comwww.facebook.com/CresComBank and www.twitter.com/CresComBank or call 1-855-CRESCOM.