Carolina Trust BancShares, Inc., which is being acquired by Carolina Financial, is a bank … Carolina Financial is headquartered in Charleston, S.C., and is the parent company of CresCom 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. Below is a list of some important events in banks history, including mergers and acquisitions. CresCom Bank owns and operates Crescent Mortgage Company, which is based in Atlanta. Plans for the merger were announced in June. DATE EVENT. System conversion is expected to happen in mid-March, according to Marshall Cooper, CresCom’s senior vice president and Wilmington area executive. In 2017, CresCom came to Eastern Carolina when it bought First South Bank, based in Washington. SIOUX FALLS, S.D., May 29, 2018. Meta Financial Group, Inc.® and Crestmark Bancorp, Inc. To view branches, routing numbers, phone numbers and business hours; you can check United Bank page. The newly acquired franchise operates 11 … Bruce Elder will be named President of North Carolina Banking for Carolina Financial’s bank subsidiary, CresCom Bank. Plans for the merger were announced in June. The merger will position the bank as a leading community bank in the Southeast and Mid-Atlantic regions in the US. 07/02/2001 - Institution established: Original name: Crescent Bank The new bank will have some $25 billion in assets and the deal is … CresCom Bank is no longer doing business under that name. The combined organisation is expected to have nearly $25bn in assets. The result will be the merger of CresCom Bank’s banking operations into United Bank. Carolina Financial will merge into United, and CresCom will merge into United Bank, with United and United Bank being the surviving entities. Announce Shareholder Approval of Merger. 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