Jim Hutto Joins CresCom Bank as VP/Commercial Loan Officer
March 10, 2016
CresCom Bank, the community-banking leader within the Carolinas, has named Jim Hutto as vice president and commercial loan officer. Hutto will be based out of the bank’s Meeting Street branch in downtown Charleston and will report to John Riddick.
Hutto brings with him more than 15 years of financial industry experience, including holding various commercial banking positions with BB&T.
Hutto received his Bachelor of Arts degree in business administration from the College of Charleston, with minors in both finance and accounting.
“We are pleased to name Jim to the position of VP and commercial loan officer,” said David L. Morrow, CEO of CresCom Bank. “Given his extensive knowledge of the banking and lending industries, as well as his time spent within the Charleston market, Jim will bring great value 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. In January 2016, the Carolina Financial Corporation, the bank’s parent company, announced the acquisition of Congaree Bancshares, Inc., a $116 million bank holding company headquartered in the Columbia, S.C. market. 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, 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 December 31, 2015, Carolina Financial Corporation had approximately $1.4 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.
