Carolina Financial Corporation (CARO) is a publicly-traded bank holding company based in Charleston, South Carolina. The company was founded in 1996 and operates as the parent company of CresCom Bank, a community bank that offers a range of financial products and services to individuals and businesses in the Carolinas.
CresCom Bank operates a network of branches throughout North and South Carolina and offers a range of financial products and services, including deposit accounts, loans, mortgage lending, wealth management, and other banking services. The bank serves both retail and commercial customers and has a focus on providing personalized customer service.
In addition to its banking operations, Carolina Financial Corporation also owns a number of subsidiaries that provide specialized financial services. These subsidiaries include Crescent Mortgage Company, which offers mortgage lending services, and Carolina Services and Securities Company, which provides securities brokerage and investment advisory services.
As of today, CARO is still a publicly-traded company on the NASDAQ stock exchange under the ticker symbol CARO. However, it's worth noting that the stock market can be volatile, and the current status of any company's stock may fluctuate based on market conditions. Additionally, potential investors should carefully consider the risks associated with investing in a bank holding company, including the risk of market fluctuations, regulatory risks, and the potential for investment losses. It's important to conduct thorough research and consult with a financial advisor before making any investment decisions.
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