CAROLINA FINANCIAL CORPORATION (NASDAQ:CARO) Files An 8-K Other EventsItem 8.01 Other Events
On December 3, 2018, Carolina Financial Corporation (the “Company”) issued a press release announcing that its Board of Directors had authorized a share repurchase program of up to $25 million of the Company’s common stock. A copy of the press release is attached as Exhibit 99.1 hereto and incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
|99.1||News Release dated December 3, 2018|
CAROLINA FINANCIAL CORP ExhibitEX-99.1 2 e18448_ex99-1.htm Exhibit 99.1 Carolina Financial Corporation Announces Stock Repurchase Plan NEWS RELEASE – For Release December 3,…To view the full exhibit click
About CAROLINA FINANCIAL CORPORATION (NASDAQ:CARO)
Carolina Financial Corporation is a bank holding company. The Company operates through CresCom Bank, a South Carolina state-chartered bank (the Bank). The Company operates through three segments: community banking, wholesale mortgage banking (mortgage banking) and other. The Company’s community banking segment provides traditional banking services offered through CresCom Bank. The mortgage banking segment provides wholesale mortgage loan origination and servicing offered through Crescent Mortgage Company. The other segment provides managerial and operational support to the other business segments through Carolina Services and Carolina Financial. CresCom Bank provides a range of commercial and retail banking financial services to meet the financial needs of its customers through its branch network in South Carolina and North Carolina. It provides commercial and residential real estate mortgage loans, real estate construction loans, commercial and industrial loans, and consumer loans.