LINCOLNTON, N.C., April 19, 2018 (GLOBE NEWSWIRE) -- Carolina Trust BancShares, Inc. (NASDAQ:CART), today announced that it has priced an underwritten follow-on public offering of 2,310,000 shares of its common stock at a price of $8.00 per share. The Company has also granted the underwriters a 30-day option to purchase up to an additional 346,500 shares of its common stock at the same price and on the same terms and conditions. The offering is expected to close on or about April 23, 2018, subject to satisfaction of customary closing conditions.

Sandler O’Neill + Partners, L.P. is serving as the sole book-running manager for the offering. The securities described above are being offered by the Company and will be issued pursuant to a registration statement previously filed with and declared effective by the Securities and Exchange Commission (the “SEC”) on Form S-1 (File No. 333-224178).

About Carolina Trust BancShares, Inc.

Carolina Trust BancShares, Inc. is a bank holding company and the parent company of Carolina Trust Bank. Carolina Trust Bank is a full-service, state-chartered bank headquartered in Lincolnton, N.C., operating nine full-service offices in Lincoln, Catawba, Gaston, Iredell and Rutherford Counties in western North Carolina and a loan production office in Salisbury, N.C.