The merger between CresCom Bank and United Bank will mean layoffs for many of the bank’s Beaufort County employees, according to CresCom CEO David Morrow.
Most of the eliminated positions will be in the bank’s operations and back-end service area, Morrow said, with CresCom’s three service departments being consolidated into one under United.
The layoffs amount to over half of the company’s workforce in Beaufort County, though all three CresCom branches in Beaufort County will remain open.