CresCom Bank

Status:Inactive as of 2020-05-01
 Absorption - Without Assistance
Successor Bank:United Bank
Headquarters:CresCom Bank
288 Meeting Street
Charleston, SC 29401
Established:2001-07-02
FDIC Insurance:2001-07-02
FDIC Cert:#57135
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
# of Branches:74
Total Assets:$4,801,769,000
Total Deposits:$3,586,173,000

History

2001-07-02Institution established: Original name:Crescent Bank
2011-08-01Changed name to CresCom Bank
2011-08-01Acquired Community FirstBank of Charleston (34335) in CHARLESTON, SC
2011-12-15Moved bank headquarters from MYRTLE BEACH, SC to CHARLESTON, SC
2016-06-10Acquired Congaree State Bank (58301) in WEST COLUMBIA, SC
2017-03-18Acquired Greer State Bank (27413) in GREER, SC
2017-11-01Acquired First South Bank (31084) in WASHINGTON, NC
2019-12-31Acquired Carolina Trust Bank (57026) in LINCOLNTON, NC
2020-05-01Merged into and subsequently operated as part of United Bank (22858) in Fairfax, VA
2020-05-01Moved bank headquarters from CHARLESTON, SC to Fairfax, VA

Financial Information (2020-03-31 and Older)