Carolina Financial Corporation Cultura de la Empresa

Jerold L. Rexroad has served as President and Chief Executive Officer of Carolina Financial Corporation (the ???Company???) since 2012 and as a Director since 2012. Mr. Rexroad also serves as Executive Chairman of the Board of the Bank and Executive Chairman of the Board of Crescent Mortgage Company. Mr. Rexroad joined the Company in May 2008 as Executive Vice President. Mr. Rexroad began his career in 1982 with Peat, Marwick, Mitchell and Co., a predecessor to the international accounting firm KPMG LLP, and is a Certified Public Accountant. He became a KPMG Partner in 1994 with responsibilities for all financial institutions in South Carolina. In 1995, Mr. Rexroad joined Coastal Financial Corporation as Executive Vice President and Chief Financial Officer. Mr. Rexroad is a Member of the American Institute of Certified Public Accountants and the South Carolina Association of Certified Public Accountants. Mr. Rexroad is a graduate of Bob Jones University, cum laude.

David L. Morrow has served as an Executive Vice President of Carolina Financial Corporation (the ???Company???) since 2004 and has served as a Member of the Company's Board of Directors since 2001. Mr. Morrow is a graduate of Clemson University with a Bachelor of Science degree and has more than 42 years of experience in banking and financial institution management in South Carolina. Prior to this, he served as President of Carolina First Savings Bank and also as Executive Vice President and Member of the Board of Directors of Carolina First Bank. He is currently a Member of the Clemson University Board of Visitors, a Member of the Board of Directors and 1st Vice Chairman for the S.C. Bankers Association (SCBA) and a Member of the Board of Advisors of the Hollings Cancer Center at the Medical University of South Carolina. Most recently, Mr. Morrow was also named to a three-year appointment with the Federal Reserve Community Depository Institutions Advisory Council (CDIAC), as well as the ABA Community Bankers Council. He is also a past Board Member of the Storm Eye Institute at the Medical University of South Carolina, a past Member of the Board of Directors of Leadership South Carolina and a past Member of the Board of Directors for the South Carolina Museum Foundation.

Melton J. Huggins, III has served as Executive Vice President of Carolina Financial Corporation (the ???Company???) since 2010 and Secretary since 2012. Mr. Huggins is also a founding Board Member and former President, Chief Credit Officer and Secretary of Crescent Bank (???Bank???). Prior to joining the Company and assisting in the founding of Bank, Mr. Huggins served as Area Executive and Senior Vice President of Carolina First Bank, responsible for commercial and retail operations from Georgetown to Myrtle Beach, South Carolina. Prior to his tenure with Carolina First Bank, Mr. Huggins worked for C&S Bank. Mr. Huggins is a Board Member of the Wall College Board of Visitors at Coastal Carolina University. Mr. Huggins is a graduate of Coastal Carolina University (Wall College Alumnus of the Year in 2003) and The Graduate School of Banking at Louisiana State University.

Mr. William A. Gehman, III, has been the Chief Financial Officer and Executive Vice President of Crescom Bank and Carolina Financial Corporation since July 2013. Mr. Gehman served as Acting Chief Financial Officer of Carolina Financial Corporation from April 2012 to July 2013 and also served as its Vice President and Controller until July 2013. He served as Senior Vice President and Corporate Controller of Coastal Financial Corp.

Mr. Fowler C. Williams has been the Chief Executive Officer and President of Crescent Mortgage Company at Carolina Financial Corporation since 2016. In his 16 years at Crescent Mortgage Company, Mr. Williams previously worked as National Sales Manager and Executive Vice President over Sales and Operations. He has been a Director of Crescent Mortgage Company since 2011. Mr. Williams is Chairman of the Mortgage Action Alliance (MAA), the grassroots policy, advocacy and lobbying network for the real estate finance industry. Mr. Williams was named 2015-2016 Chairman of the Community Bank and Credit Union Network (CBCUN) for the MBA where he serves on the Independent Mortgage Bankers Executive Counsel. Mr. Williams was named to the Customer Advisory Board of Freddie Mac and was named to the forty most influential mortgage professionals under 40 by National Mortgage Professional magazine for the past two years. Mr. Williams holds the highest designation in the mortgage industry as a Certified Mortgage Banker (CMB).