Carolina Financial Corporation (NASDAQ: CARO), the parent company of CresCom Bank, announced today that its public stock has transitioned from the OTCQB marketplace ("OTCQB") to the NASDAQ Capital Market as of July 1, 2014.
As of June 27, 2014, CARO closed at $20.00 a share and its market value of all shares (4,041,460 outstanding shares total as of June 27, 2014) equaled $80,829,200.
"Being listed on the NASDAQ is a significant accomplishment for Carolina Financial Corporation," said President and Chief Executive Officer of Carolina Financial Corporation Jerry L. Rexroad. "Moving to the NASDAQ is part of our strategic plan to provide our shareholders liquidity in their stock."
In 2014, Carolina Financial Corporation ranked #6 on American Banker's list of "Top 200 Community Banks and Thrifts as Ranked by Three-Year Average ROE." It represented the #1 South Carolina community bank on this list. In 2013, Carolina Financial Corporation ranked #9 on ABA Banking Journal's national list of top performing non-S banks and thrifts with total assets of $100 million to $1 billion.