CresCom Bank names Jean Chestnut Vice President of the Collections Department

July 8, 2015

CHARLESTON, SC – CresCom Bank, the leader in community banking throughout the Carolinas, has named Jean Chestnut the vice president of its Collections Department.

Chestnut has been with CresCom Bank since 2000, serving in a variety of roles, including supervisor of the bank’s Loan Administration Department. She also helped launch the Collections Department in October 2012 and has developed the department tremendously since that time.

“As one of our bank’s first employees, Jean has rich knowledge of, and familiarity with our bank and its customers,” said David L. Morrow, CEO of CresCom Bank. “She is an excellent leader within our Collections Department and we are pleased to be able to name her vice president.”

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

 

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 26 branch locations throughout the Carolinas, in addition to loan production offices in Wilmington, N.C., and Greenville, S.C. Currently, 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, the bank’s parent-holding company, 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 March 31, 2015, Carolina Financial Corporation had approximately $1.3 billion in total assets.