The combined organisation is expected to have nearly $25bn in assets. Below is a list of some important events in banks history, including mergers and acquisitions. The merger of Carolina Financial Corp, parent of CRESCOM BANK, and FIRST SOUTH BANK closed officially Nov. 1. Meta Financial Group, Inc.® and Crestmark Bancorp, Inc. Carolina Trust BancShares, Inc., which is being acquired by Carolina Financial, is a bank … DATE EVENT. The newly acquired franchise operates 11 … Plans for the merger were announced in June. CresCom Bank is no longer doing business under that name. In 2017, CresCom came to Eastern Carolina when it bought First South Bank, based in Washington. 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 … Bruce Elder will be named President of North Carolina Banking for Carolina Financial’s bank subsidiary, 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. The new bank will have some $25 billion in assets and the deal is … Carolina Financial is headquartered in Charleston, S.C., and is the parent company of CresCom Bank. Plans for the merger were announced in June. The result will be the merger of CresCom Bank’s banking operations into United Bank. Announce Shareholder Approval of Merger. To view branches, routing numbers, phone numbers and business hours; you can check United Bank page. CresCom Bank owns and operates Crescent Mortgage Company, which is based in Atlanta. Carolina Financial will merge into United, and CresCom will merge into United Bank, with United and United Bank being the surviving entities. System conversion is expected to happen in mid-March, according to Marshall Cooper, CresCom’s senior vice president and Wilmington area executive. 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