The combined organisation is expected to have nearly $25bn in assets. Carolina Trust Bank, which was headquartered in Lincolnton, N.C., is now part of Carolina Financial's CresCom subsidiary. Below is a list of some important events in banks history, including mergers and acquisitions. 07/02/2001 - Institution established: Original name: Crescent Bank Meta Financial Group, Inc.® and Crestmark Bancorp, Inc. DATE EVENT. As part of the merger agreement, Carolina Trust’s bank subsidiary, Carolina Trust Bank, a North Carolina bank, has merged with CresCom Bank, a South Carolina bank … Carolina Financial is headquartered in Charleston, S.C., and is the parent company of CresCom Bank. The merger of Carolina Financial Corp, parent of CRESCOM BANK, and FIRST SOUTH BANK closed officially Nov. 1. CresCom Bank owns and operates Crescent Mortgage Company, which is based in Atlanta. Bruce Elder will be named President of North Carolina Banking for Carolina Financial’s bank subsidiary, CresCom Bank. To view branches, routing numbers, phone numbers and business hours; you can check United Bank page. 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. In 2017, CresCom came to Eastern Carolina when it bought First South Bank, based in Washington. Announce Shareholder Approval of Merger. The new bank will have some $25 billion in assets and the deal is … CresCom Bank is no longer doing business under that name. Plans for the merger were announced in June. System conversion is expected to happen in mid-March, according to Marshall Cooper, CresCom’s senior vice president and Wilmington area executive. The result will be the merger of CresCom Bank’s banking operations into United Bank. 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