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Charleston Business

David Morrow appointed chairman elect of SCBA board of directors for 2017-2018

Oct 26, 2017 03:06PM ● By Kathleen Maris

CresCom Bank announces that its CEO, David Morrow, has been appointed the chairman elect to the 2017-2018 board of directors for the South Carolina Bankers Association (SCBA). 

A tenured banking professional, Morrow has a 40+ year history in the banking industry. Morrow is the president and chief executive officer of CresCom Bank, and has served as an executive vice president of Carolina Financial Corporation since 2004 and member of its board of directors since 2001. Prior to founding CresCom Bank’s predecessor, Crescent Bank, he served as president of Carolina First Savings Bank and executive vice president of Carolina First Bank.

Morrow has been instrumental in fostering the success and rapid growth of CresCom Bank from its inception – with the consolidation of Community FirstBank and Crescent Bank in 2014 – along with multiple acquisitions throughout South Carolina and North Carolina in three years.

“It is an honor and a privilege to serve as chairman elect for The South Carolina Bankers Association for 2017-2018,” said Morrow. “I look forward to working alongside of some of the most influential banking professionals in our industry to serve all of the incredible institutions in South Carolina.”

About the South Carolina Banking Association:

The SCBA has been serving South Carolina’s banking industry since 1901. The SCBA is the professional trade association organized to effectively represent the common interest and welfare of the banking industry in South Carolina and to promote the professional development of its members and their employees. The SCBA’s primary focus is to serve as a reliable and responsive source of information and education regarding areas of importance to the industry, and to be the key advocate in helping our member institutions by providing leadership in legislative, regulatory, educational and value-added services

About CresCom Bank:

CresCom Bank, a leader in community banking, is dedicated to providing exceptional customer service and quality products to the communities it calls home, and prides itself on its strong knowledge of local business and economic trends. Currently, CresCom Bank has 34 branch locations throughout the Carolinas and also owns Crescent Mortgage Company. In 2015, Carolina Financial Corporation (NASDAQ: CARO) ranked #1 on American Banker’s list of “Top 200 Community Banks and Thrifts as Ranked by Three-Year Average ROE.” It was also added to the Nasdaq Community Bank Index (ABAQ) by the American Banker’s Association and is one of 29 small-cap banks in the nation to be recognized as a 2017 Sandler O’Neill Sm-ALL Stars. As of March 31, 2017, Carolina Financial had approximately $2.2 billion in total assets.  Crescent Mortgage Company originates loans in 47 states partnering with community banks, credit unions and mortgage brokers. To learn more about CresCom Bank, visit or call 1-855-CRESCOM.