Friday, July 11, 2014
Carolina Financial Corporation (NASDAQ: CARO), the parent company of CresCom Bank, announced that its public stock has transitioned from the OTCQB marketplace to the NASDAQ Capital Market as of July 1.
As of June 27, CARO closed at $20 a share and its market value of all shares (4,041,460 outstanding shares total as of June 27) equaled $80,829,200.
“Being listed on the NASDAQ is a significant accomplishment for Carolina Financial Corporation,” said Jerry L. Rexroad, president and chief executive officer of Carolina Financial Corporation. “Moving to the NASDAQ is part of our strategic plan to provide our shareholders liquidity in their stock.”
In 2014, Carolina Financial Corporation ranked No. 6 on American Banker’s list of “Top 200 Community Banks and Thrifts as Ranked by Three-Year Average ROE.”
It represented the No. 1 South Carolina community bank on this list.
For more information about investor relations, contact Carolina Financial Corporation EVP and CFO Bill Gehman at firstname.lastname@example.org or by phone at 843-534-5120.