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Carolina Trust Bank Adds Two New Directors

LINCOLNTON, N.C., Oct. 23 /PRNewswire-FirstCall/ -- Carolina Trust Bank (Nasdaq: CART) announced today that Duane K. McCallister and Fred P. Spach, Jr. have been appointed to its board of directors. McCallister and Spach formerly served as directors of Carolina Commerce Bank headquartered in Gastonia, North Carolina. Carolina Commerce Bank was merged into Carolina Trust Bank earlier this month.

From 1998 until 2007, McCallister was publisher of the Gaston Gazette. He retired in 2007 after a 38 year career in the newspaper business, with 33 years as a publisher.

Spach is President and CEO of Carolina Brush Company in Gastonia. Carolina Brush Company produces high quality industrial brushes. It emphasizes custom-designed brushes for special applications.

Johnathan L. Rhyne, Jr., Chairman of the Board of Carolina Trust Bank said: "We are delighted that Duane McCallister and Fred Spach have joined our board. Their business experiences, dedication to community banking, civic involvement and knowledge of the Gaston County market will make them valued additions to our board."

Carolina Trust Bank is a full service state chartered bank headquartered in Lincolnton, N.C., operating out of six full service branches in Lincoln, Gaston and Catawba Counties and a loan production office in Rutherford County. It recently completed the acquisition of Carolina Commerce Bank, formerly headquartered in Gastonia, North Carolina. The common stock of Carolina Trust Bank is traded on the NASDAQ under the symbol CART.

SOURCE Carolina Trust Bank

Copyright (2009) PR Newswire. All Rights Reserved.
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