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Investor Relations
Carolina Trust Bank Announces Stock Split
October 18, 2006
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CONTACT: Carolina Trust Bank Lincolnton, NC John Michael Cline, President & CEO (704)735-1104
CAROLINA TRUST BANK ANNOUNCES STOCK SPLIT
Carolina Trust Bank (Nasdaq: CART) President & CEO J. Michael Cline announced that at its regular meeting on October 17, the Executive Committee of the Board of Directors of Carolina Trust Bank voted to issue an 11 for 10 stock split effected as a 10% stock dividend. The additional shares created by the split will be distributed on November 17 to shareholders of record as of November 3, 2006.
The bank’s profitability through the first three quarters of 2006 is up 43% to $1,240,000 year-to-date when compared to the same period last year. As the bank has grown and we continue to gain market share the board has used stock dividends as a way to reward our investors for their confidence in the bank.
Carolina Trust Bank is a full service state chartered bank headquartered in Lincolnton, N.C. operating out of four branches in Lincoln and Catawba Counties. Its common stock is traded on the NASDAQ under the symbol CART. Visit our web site at www.carolinatrust.com.