Carolina Trust Bank

Carolina Trust Bank was established on December 8, 2000, providing banking services primarily in North and South Carolina. The institution experienced growth through a series of mergers and acquisitions during its operational years. On October 15, 2009, Carolina Trust Bank acquired Carolina Commerce Bank located in Gastonia, North Carolina. Subsequently, on January 1, 2019, it expanded further by acquiring Clover Community Bank in Clover, South Carolina. However, the trajectory of Carolina Trust Bank changed as it merged with CresCom Bank in Charleston, South Carolina, on December 31, 2019. This merger was part of a larger trend of consolidation within the banking industry. Finally, on May 1, 2020, Carolina Trust Bank became part of United Bank, headquartered in Fairfax, Virginia, marking the end of its independent operations.

Below is a list of some important events in banks history, including mergers and acquisitions.

2000-12-08Institution established. Original name: Carolina Trust Bank.

2009-10-15Acquired Carolina Commerce Bank in Gastonia, NC.

2019-01-01Acquired Clover Community Bank in Clover, SC.

2019-12-31Merged and became part of CresCom Bank in Charleston, SC.

2020-05-01Merged and became part of United Bank in Fairfax, VA.