CresCom Bank names Joel Foster South End Market Executive and VP/Commercial Loan Officer
January 5, 2016
CresCom Bank has added Joel Foster, a well-known local commercial lending expert, to its team. Foster will assume the role of south end market executive, as well as vice president/commercial loan officer, and will operate out of the bank’s Garden City based branch reporting to Jerry Jenerette.
Prior to joining CresCom Bank, Foster served as the city executive at BNC Bank. He also held the position of chief lending officer at Coastal Carolina National Bank and city executive at Coastal Federal Bank.
Foster received his Bachelor of Science degree in finance from the University of South Carolina.
“Joel is a welcome addition to our commercial lending team,” said David L. Morrow, CEO of CresCom Bank. “Along with his vast financial experience, Joel also brings with him a deep understanding of the Garden City market and surrounding Myrtle Beach area. This will serve him well in his new role and will be a valuable benefit to our customers.”
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 27 branch locations throughout the Carolinas, in addition to a loan production office in Wilmington, N.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 September 30, 2015, Carolina Financial Corporation had approximately $1.3 billion in total assets.
To learn more about CresCom Bank, visit www.haveanicebank.com or call 1-855-CRESCOM. Stay current on bank news and happenings on social media: www.facebook.com/CresComBank and www.twitter.com/CresComBank.
