Below is a list of some important events in banks history, including mergers and acquisitions. Plans for the merger were announced in June. CresCom Bank is no longer doing business under that name. The merger of Carolina Financial Corp, parent of CRESCOM BANK, and FIRST SOUTH BANK closed officially Nov. 1. DATE EVENT. CresCom Bank owns and operates Crescent Mortgage Company, which is based in Atlanta. The new bank will have some $25 billion in assets and the deal is … Announce Shareholder Approval of Merger. 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 will merge into United, and CresCom will merge into United Bank, with United and United Bank being the surviving entities. SIOUX FALLS, S.D., May 29, 2018. The combined organisation is expected to have nearly $25bn in assets. 07/02/2001 - Institution established: Original name: Crescent Bank Carolina Trust BancShares, Inc., which is being acquired by Carolina Financial, is a bank … 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 … Meta Financial Group, Inc.® and Crestmark Bancorp, Inc. 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 merger will position the bank as a leading community bank in the Southeast and Mid-Atlantic regions in the US. Plans for the merger were announced in June. 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