Clover Community Bank is excited to announce a new partnership with Carolina Trust.
On June 15, 2018, Clover Community Bank and Carolina Trust announced their entry into a definitive merger agreement, in which Carolina Trust will acquire Clover Community Bank.
President and CEO, Gwen Thompson said this about the opportunity: “We are excited to partner with Carolina Trust and believe this combination is a great opportunity for all Clover Community stakeholders. Our customers will continue to receive the same high quality service and care that has distinguished Clover Community Bank over the years, while benefiting from the increased product and technology offerings of a larger institution. Our shareholders will benefit from the increased liquidity of a growing NASDAQ listed company. In Carolina Trust we found a partner who shares our mission of caring for our customers, employees, and community. We are very excited about the future prospects of the combined company.”
The acquisition is expected to be completed during the fourth quarter of 2018. More information to come as progress continues.
We want to thank the community for the continued support and letting us handle your banking needs and as always, if you have any questions give us a call at 803.222.7660.