Carolina Trust BancShares, Inc. (NASDAQ:NBBC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers
Carolina Trust BancShares, Inc. (the Company) has appointed Ralph
N. Strayhorn, III to its board of directors. He has not been
appointed to any committees of the Companys board of directors at
this time. Mr. Strayhorn also serves as a member of the board of
directors of Carolina Trust Bank, a subsidiary of the Company,
and he is Managing Partner of Cape Point Advisory Partners, LLC,
Charlotte, NC.
Mr. Strayhorn has spent the last 35 years in the banking and
related financial businesses since receiving his JD degree in
1981 from UNC-Chapel Hill and his BA from UNC-Chapel Hill in
1977. During 14 of the last 22 years, he has served as an
executive officer of four banks in North Carolina and one in
Florida, served on the board of directors of all five of these
banks and served as President and CEO of four of these banks.
Mr. Strayhorn has both lectured and spoken at various directors
colleges and CEO forums in North Carolina, South Carolina and
Virginia and has addressed the North Carolina Banking Commission
on the Anatomy of a Failure and the present state of community
banking in North Carolina. Effective November 30, 2013, Mr.
Strayhorn was appointed by the Honorable Pat McCrory, Governor of
North Carolina, to a four year term as a director of the Golden
L.E.A.F. Foundation (GLF) and serves as Chairman of the
Investment Committee.
Carolina Trust BancShares, Inc. is a bank holding company and the
parent company of Carolina Trust Bank. Carolina Trust Bank is a
full service, state-chartered bank headquartered in Lincolnton,
N.C., operating nine full service branches in Lincoln, Catawba,
Gaston and Rutherford Counties in western North Carolina and a
loan production office in Mooresville, N.C.
About Carolina Trust BancShares, Inc. (NASDAQ:NBBC)
NewBridge Bancorp is a bank holding company. The Bank, through its banking subsidiary, NewBridge Bank and its branch network, provides a range of banking products to small to medium-sized businesses and retail clients in its market areas. The Bank provides services, which include interest-bearing and noninterest-bearing demand deposit accounts, certificates of deposits, individual retirement accounts, overdraft protection, personal and corporate trust services, safe deposit boxes, online banking, corporate cash management, brokerage, financial planning and asset management, and secured and unsecured loans. The Bank’s deposit products include noninterest-bearing checking accounts, interest-bearing checking accounts, money market accounts, certificates of deposit and individual retirement accounts. Its primary lending products are commercial, real estate and consumer loans. Carolina Trust BancShares, Inc. (NASDAQ:NBBC) Recent Trading Information
Carolina Trust BancShares, Inc. (NASDAQ:NBBC) closed its last trading session at 0.0000 with 580,999 shares trading hands.
