Carolina Financial Corporation Stock Now Listed On NASDAQ

CHARLESTON, S.C., July 1, 2014 /PRNewswire/ -- Carolina Financial Corporation (NASDAQ: CARO), the parent company of CresCom Bank, announced today that its public stock has transitioned from the OTCQB marketplace ("OTCQB") to the NASDAQ Capital Market as of July 1, 2014.

As of June 27, 2014, CARO closed at $20.00 a share and its market value of all shares (4,041,460 outstanding shares total as of June 27, 2014) equaled $80,829,200.

"Being listed on the NASDAQ is a significant accomplishment for Carolina Financial Corporation," said President and Chief Executive Officer of Carolina Financial Corporation Jerry L. Rexroad. "Moving to the NASDAQ is part of our strategic plan to provide our shareholders liquidity in their stock."

In 2014, Carolina Financial Corporation ranked #6 on American Banker's list of "Top 200 Community Banks and Thrifts as Ranked by Three-Year Average ROE." It represented the #1 South Carolina community bank on this list. In 2013, Carolina Financial Corporation ranked #9 on ABA Banking Journal's national list of top performing non-S banks and thrifts with total assets of $100 million to $1 billion.

About Carolina Financial Corporation

Carolina Financial Corporation (OTCQB: CARO) is the holding company of CresCom Bank, which also owns and operates Atlanta-based Crescent Mortgage Company.  As of March 31, 2014, Carolina Financial Corporation had $919 million in total assets, CresCom Bank operated 12 branch locations in the Charleston and Myrtle Beach areas of South Carolina, and Crescent Mortgage Company originated loans in 43 states and partnered with approximately 2,000 community banks, credit unions and mortgage brokers, offering access to various loan programs. CresCom Bank offers a strong core of banking products and services. To learn more about CresCom Bank, visit www.facebook.com/CresComBank and www.twitter.com/CresComBank or call 1-855-CRESCOM.

Forward-Looking Statements
Statements included herein may contain "forward-looking statements." Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of assumptions, risks and uncertainties, which change over time. Actual results may differ materially from those anticipated in any forward-looking statements as a result of a number of factors, including those described from time to time in filings by the Company with the Securities and Exchange Commission. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.

SOURCE Carolina Financial Corporation