The merger will position the bank as a leading community bank in the Southeast and Mid-Atlantic regions in the US. The newly acquired franchise operates 11 … Below is a list of some important events in banks history, including mergers and acquisitions. Carolina Financial will merge into United, and CresCom will merge into United Bank, with United and United Bank being the surviving entities. The merger of Carolina Financial Corp, parent of CRESCOM BANK, and FIRST SOUTH BANK closed officially Nov. 1. Carolina Trust BancShares, Inc., which is being acquired by Carolina Financial, is a bank … Plans for the merger were announced in June. 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. Carolina Financial is headquartered in Charleston, S.C., and is the parent company of CresCom Bank. Bruce Elder will be named President of North Carolina Banking for Carolina Financial’s bank subsidiary, CresCom Bank. The new bank will have some $25 billion in assets and the deal is … SIOUX FALLS, S.D., May 29, 2018. To view branches, routing numbers, phone numbers and business hours; you can check United Bank page. 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 Bank, which was headquartered in Lincolnton, N.C., is now part of Carolina Financial's CresCom subsidiary. CresCom Bank is no longer doing business under that name. Plans for the merger were announced in June. Meta Financial Group, Inc.® and Crestmark Bancorp, Inc. The result will be the merger of CresCom Bank’s banking operations into United Bank. 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