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CAROLINA FIRST SAVINGS BANK NAMES DAVID L. MORROW PRESIDENT, PENDING APPROVAL OF THE OFFICE OF THRIFT SUPERVISION

 CAROLINA FIRST SAVINGS BANK NAMES DAVID L. MORROW PRESIDENT,
 PENDING APPROVAL OF THE OFFICE OF THRIFT SUPERVISION
 GEORGETOWN, S.C., May 28 /PRNewswire/ -- Carolina First Savings Bank has named David L. Morrow president, pending approval of The Office of Thrift Supervision.
 Morrow, a Spartanburg, South Carolina native, graduated from Clemson University. He began his banking career in 1977 with Bankers Trust of South Carolina and served as City Executive for Beaufort, South Carolina from 1984-1988. Most recently, he was Vice President and City Executive with First Union for their Hilton Head offices. He served as President of South Carolina Bankers Association's Young Bankers Division in 1988/89.
 "We are pleased to have someone of David's experience join our company," commented Dr. Charles B. Schooler, Chairman of the Board of Carolina First Savings Bank. Mack Whittle, President and CEO of Carolina First Corporation (parent company of Carolina First Savings Bank), stated, "We plan to use his experience, knowledge and energy at Carolina First to take advantage of the many growth opportunities that are available to us in both Georgetown and Horry Counties."
 Morrow added, "I look forward to working with such a quality group of people and with a financial institution that has such a strong community oriented foundation."
 Carolina First Corporation(NASDAQ-NMS: CAFC), a $459 million asset financial institution holding company with $43 million in equity, offers a broad range of commercial and consumer financial services through its two subsidiaries, Carolina First Bank and Carolina First Savings Bank. Carolina First Bank is a state chartered commercial bank that operates eight branches principally in northwestern South Carolina. Carolina First Savings Bank, headquartered in Georgetown, is a federally chartered savings bank with eight branches in coastal South Carolina.
 An initial public offering of common stock, held in October 1986, raised $15 million in capital to organize the Company. This initial public offering earned Carolina First the distinction of being the largest bank holding company created in South Carolina. Recently, the company raised $11 million in an offering of Convertible Preferred stock. Its common stock is traded in the Nasdaq National Market under the trading symbol CAFC. Market makers of Carolina First Corporation include J.C. Bradford & Co., Interstate/Johnson Lane Securities, and Robinson-Humphrey Company, Inc.
 -0- 5/28/92
 /CONTACT: William S. Hummers, III, Carolina First Savings Bank, 803-255-7900/
 (CAFC) CO: Carolina First Bank; Carolina First Savings Bank; Carolina First
 Corporation ST: South Carolina IN: FIN SU: PER


JZ -- CH006 -- 4880 05/28/92 15:39 EDT
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Publication:PR Newswire
Date:May 28, 1992
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