Carolina Financial : CresCom Bank Welcomes New Vice President and Director of Information Technology

MYRTLE BEACH, S.C., August 11, 2017 - CresCom Bank, a community-banking leader within the Carolinas, is pleased to welcome tenured banking professional, Robert Mayhue as new vice president and director of information technology.

Mayhue brings a distinguished banking background to CresCom from his tenureship at South State Bank (First Federal). There, Mayhue gained experience in many leadership roles where he served as a senior vice president and director of IT support services as well as vice president of enterprise services and ecommerce manager.

'CresCom Bank is eager to have Robert join our team,' said David L. Morrow, CEO of CresCom Bank. 'He has an extensive financial and banking background that will not only benefit the communities we serve but will also lead our internal processes.'

For additional information about CresCom Bank or to locate a local branch, visit http://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 34 branch locations throughout the Carolinas and also owns Crescent Mortgage Company. 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 March 31, 2017, Carolina Financial had approximately $2.2 billion in total assets. Crescent Mortgage Company originates loans in 47 states partnering with community banks, credit unions and mortgage brokers.

To learn more about CresCom Bank, visit www.facebook.com/CresComBank and http://www.twitter.com/CresComBank.

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