Plans for the merger were announced in June. CresCom Bank is no longer doing business under that name. Carolina Financial will merge into United, and CresCom will merge into United Bank, with United and United Bank being the surviving entities. CresCom Bank owns and operates Crescent Mortgage Company, which is based in Atlanta. Carolina Trust Bank, which was headquartered in Lincolnton, N.C., is now part of Carolina Financial's CresCom subsidiary. The merger will position the bank as a leading community bank in the Southeast and Mid-Atlantic regions in the US. Meta Financial Group, Inc.® and Crestmark Bancorp, Inc. SIOUX FALLS, S.D., May 29, 2018. The new bank will have some $25 billion in assets and the deal is … Bruce Elder will be named President of North Carolina Banking for Carolina Financial’s bank subsidiary, CresCom Bank. In 2017, CresCom came to Eastern Carolina when it bought First South Bank, based in Washington. The merger of Carolina Financial Corp, parent of CRESCOM BANK, and FIRST SOUTH BANK closed officially Nov. 1. The combined organisation is expected to have nearly $25bn in assets. System conversion is expected to happen in mid-March, according to Marshall Cooper, CresCom’s senior vice president and Wilmington area executive. Carolina Trust BancShares, Inc., which is being acquired by Carolina Financial, is a bank … CresCom to arise from 2-bank merger John McDermott; Jul 28, 2011 Jul 28, 2011 Updated Mar 5, 2018; 1 of 2 Community FirstBank and Crescent Bank will become CresCom Bank by early 2012. Announce Shareholder Approval of Merger. The result will be the merger of CresCom Bank’s banking operations into United Bank. DATE EVENT. 07/02/2001 - Institution established: Original name: Crescent Bank The newly acquired franchise operates 11 … Carolina Financial is headquartered in Charleston, S.C., and is the parent company of CresCom Bank. Plans for the merger were announced in June. 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