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Carolina Trust Bank reports $413,000 4Q loss

By Mecklenburg Times staff reports
Published: February 2,2011

Lincolnton-based Carolina Trust Bank today said it had a loss of $413,000 in the fourth quarter of 2010, down from a loss of $1.42 million for the same quarter in 2009. The company also reported net income of $221,000 in 2010 compared with a net loss of $2.67 million in 2009. Total assets were $267.9 [...]


Carolina Trust Bank offers up to 1.8M shares

By Mecklenburg Times staff reports
Published: November 17,2010

Lincolnton-based Carolina Trust Bank has announced a public offering of up to 1.8 million shares of its common stock. The bank, which has six branches in Denver, Gastonia, Lincolnton and Vale, could sell up to 270,000 additional shares as part of the offering. Proceeds from the offering, which is being underwritten by McKinnon & Co., will be used [...]