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Carolina Financial Corp. Announces Agreement to Acquire Congaree Bancshares, Inc.

Carolina Financial Corporation (NASDAQ:CARO), the parent company of CresCom Bank, and Congaree Bancshares, Inc. (OTC Pink: CNRB), the parent company of Congaree State Bank, announced the signing of a definitive agreement pursuant to which Carolina Financial Corporation will acquire Congaree Bancshares, Inc.

Congaree Bancshares, Inc. Shareholder Letter

Even though the year 2012 was challenging, it was a productive one for Congaree State Bank. I am pleased to report that we achieved several milestones, both in profitability and improvements in shareholders’ equity.

CONGAREE STATE BANK REPORTS HISTORICAL EARNINGS

Cayce, South Carolina (February 5, 2013) - Congaree Bancshares, Inc., the bank holding company for Cayce-based Congaree State Bank, reports the best earnings in the Company’s six-year histor

Congaree State Bank first quarter earnings up 18%

Congaree Bancshares, Inc., the holding company for Congaree State Bank, reports first quarter earnings for 2012.

Congaree State Bank reports first full year profit

The Cayce/West Columbia based company, which celebrated its fifth anniversary October 16, 2011, posted a $532,868 net profit for the year ended December 31, 2011.

CONGAREE BANCSHARES, INC. REPORTS THIRD QUARTER 2011 FINANCIAL RESULTS

Congaree Bancshares, Inc., the holding company for Congaree State Bank, reports results for the third quarter of 2011.

Congaree State Bank Celebrates Fifth Anniversary

Congaree State Bank will be celebrating its fifth anniversary on Friday, October 21, 2011.

Congaree State Bank Promotes Four

Charlie Kirby, President/CEO of Congaree State Bank announced today the promotion of four Bank employees.

Congaree Bancshares, Inc. Reports First Quarter 2011 Financial Results

Congaree Bancshares, Inc. the holding company for Congaree State Bank, reports results for the first quarter of 2011.

FDIC Lifts Consent Order for Congaree State Bank

Congaree Bancshares, Inc., the holding company for Congaree State Bank, received notification from the Bank’s primary regulators that the Consent Order has been lifted.



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