Carolina Trust Bank Announces Retirement Of Michael Cline As CEO - Quick Facts

(RTTNews) - Carolina Trust Bank (CART) said that Michael Cline announced that he will retire from his position as president and CEO, effective at the end of 2013 or at such time as his successor is hired.

Commenting on Cline, the company said he has served as president and CEO since Carolina Trust Bank was chartered in 2000. His tenure has seen the bank grow from a one location start-up to a bank of two hundred sixty five million dollars in assets with eight locations in four counties.

During his career Cline held various audit, lending and management positions with several other institutions. Immediately prior to Carolina Trust Bank he served as an Area Vice-President of First Citizens Bank, the company noted.