Small Business Advocate Of 2005 Named To Bank’s Advisory Board. - March 17, 2006 - Crescent State Bank

Crescent State Bank President Shares Expertise. - March 14, 2006 - Crescent State Bank

Triangle Business Journal’s Book Of Lists Ranks Community Bank In Top 25 In The Triangle. - March 10, 2006 - Crescent State Bank

Michael G. Carlton, President of Crescent State Bank, a wholly-owned subsidiary of Crescent Financial Corporation, (Nasdaq National Market: CRFN), has announced that Jonathan Taylor, Senior Vice President and City Executive at Crescent State Bank’s Cary office, has been named Breakfast Chairman of the 2006 Friends of Scouting, Major Gifts Breakfast by the Crosswinds District of Boy Scouts of America. - March 09, 2006 - Crescent State Bank

Debbie McLamb Promoted To Vice President And Branch Operations Officer of Community Bank. - March 03, 2006 - Crescent State Bank

Local Businessman Named To Bank’s Advisory Board. - February 24, 2006 - Crescent State Bank

Local Bank Named Sponsor For Women’s Financial Conference. - February 17, 2006 - Crescent State Bank

Seven Garner Magnet High School Students Named To Junior Bank Board. - February 10, 2006 - Crescent State Bank

Local Retiree Named To Bank’s Advisory Board. - February 03, 2006 - Crescent State Bank

Local Angel Tree Receives Gifts From Community Bank. - January 30, 2006 - Crescent State Bank

Local Audiologist Named To Bank’s Advisory Board. - January 27, 2006 - Crescent State Bank

Nine local citizens named to bank’s Advisory Board. - January 20, 2006 - Crescent State Bank

Local funeral director named to bank’s advisory board. - January 17, 2006 - Crescent State Bank

Local Mayor named to bank’s Advisory Board. - January 13, 2006 - Crescent State Bank

Local businessman named to bank’s advisory board. - January 06, 2006 - Crescent State Bank

Local builder named to bank’s advisory board. - December 22, 2005 - Crescent State Bank

Community Bank expands in greater Raleigh area. - December 20, 2005 - Crescent State Bank

Local developer named to Bank’s advisory board. - December 16, 2005 - Crescent State Bank

Southern Pines Branch of Community Bank holds Customer Appreciation Day on December 21. - December 15, 2005 - Crescent State Bank

Community Bank featured in Dec. 10 Clayton Christmas Parade. - December 10, 2005 - Crescent State Bank

Local Community Bank Recognized As A Top Bank In North Carolina. - December 09, 2005 - Crescent State Bank

Local Bank Adds Community Banker To Sanford Office. - December 02, 2005 - Crescent State Bank

Crescent State Bank Named To Top 200 List By US Banker Magazine Local Community Bank Recognized As A Top Bank In U.S. - November 29, 2005 - Crescent State Bank

James F. Byrd, Senior Vice President of Crescent State Bank, a wholly owned subsidiary of Crescent Financial Corporation, (Nasdaq National Market: CRFN), has been appointed to the newly formed Sandhills Center for Entrepreneurial Leadership Advisory Board at Sandhills Community College - November 25, 2005 - Crescent State Bank

Crescent State Bank, the wholly owned subsidiary of Crescent Financial Corporation, (Nasdaq SmallCap CRFN) has announced that Alex Macklin, a Community Banker for the Holly Springs office, has been appointed Chair of the Holly Springs Rotary Club Meals on Wheels Program. - November 22, 2005 - Crescent State Bank

Bob Myers, City Executive of Crescent State Bank, the wholly owned subsidiary of Crescent Financial Corporation, (Nasdaq SmallCap CRFN) was awarded the Rotarian of the Year by the Holly Springs chapter of the Rotary Club. - November 10, 2005 - Crescent State Bank

Michael G. Carlton, President of Crescent State Bank, a wholly owned subsidiary of Crescent Financial Corporation, (Nasdaq National Market: CRFN), has named Ray D. Vaughn as Senior Vice President and Chief Operating Officer - October 28, 2005 - Crescent State Bank

Crescent State Bank, the wholly owned subsidiary of Crescent Financial Corporation, (NASDAQ SmallCap CRFN) has announced that Lee Rigsbee, Vice President and Commercial Loan Officer for the Southern Pines office of Crescent State Bank, has been elected to the Board of Directors for the United Way of Moore County - October 26, 2005 - Crescent State Bank

Eric Vernon, a Sanford resident, won the drawing at Crescent State Bank’s Sanford office ribbon cutting and grand opening celebration. Doug Gay, City Executive for the bank’s Sanford office, a wholly-owned subsidiary of Crescent Financial Corporation, (Nasdaq SmallCap CRFN), presented Vernon, with an Apple iPod - October 20, 2005 - Crescent State Bank

Crescent Financial Corporation (Nasdaq National Market: CRFN ), parent company of Crescent State Bank, reported unaudited net income for the three-month period ended September 30, 2005 of $845,000 or $0.19 per diluted share compared to $661,000 or $0.15 per diluted share for the three-month period ended September 30, 2004, an increase of 26.7% on a per share basis. - October 17, 2005 - Crescent State Bank

Michael G. Carlton, President of Crescent State Bank, the wholly owned subsidiary of Crescent Financial Corporation, (Nasdaq SmallCap CRFN), has named Rod Webb, Senior Vice President, as a Commercial Loan Officer responsible for business development in Raleigh and greater Wake County. - October 13, 2005 - Crescent State Bank

Titan Capital, Inc. is pleased to announce that we have recently completed a loan for the Bridegport Port Authority in Connecticut. - October 11, 2005 - Titan Capital, Inc.

Bob Myers, Holly Springs City Executive of Crescent State Bank, the wholly owned subsidiary of Crescent Financial Corporation, (Nasdaq SmallCap CRFN) has received the Rotary International Membership Development and Extension Award for the Holly Springs chapter of Rotary Club. - September 19, 2005 - Crescent State Bank

Crescent Financial Corporation (Nasdaq: CRFN), the holding company for Crescent State Bank, today announced that it has filed a registration statement on Form S-2 with the Securities and Exchange Commission relating to a proposed underwritten public offering of 765,000 shares of common stock - September 13, 2005 - Crescent State Bank

Bob Myers, City Executive of Crescent State Bank, the wholly owned subsidiary of Crescent Financial Corporation, (Nasdaq SmallCap CRFN) has received a Presidential Citation from Rotary International on behalf of the Holly Springs chapter of the Rotary Club - September 06, 2005 - Crescent State Bank

Crescent State Bank, the wholly owned subsidiary of Crescent Financial Corporation (Nasdaq Small Cap CRFN), has announced that the organization has opened a new operations center located at 206 High House Road in Cary - September 01, 2005 - Crescent State Bank

Michael G. Carlton, President of Crescent State Bank, the wholly owned subsidiary of Crescent Financial Corporation, (Nasdaq SmallCap CRFN) has announced that Susan Watkins has joined the organization as Community Banker and Assistant Vice President at the Pinehurst office - August 31, 2005 - Crescent State Bank

Crescent State Bank, the wholly owned subsidiary of Crescent Financial Corporation (Nasdaq Small Cap CRFN), has announced that it has joined the Russell MicrocapÔ Index - August 19, 2005 - Crescent State Bank

Kevin Dail, Community Banker at Crescent State Bank’s Cary location, received the 2005 Crosswinds District Friends of Scouting Award. - August 08, 2005 - Crescent State Bank

Crescent State Bank, the wholly owned subsidiary of Crescent Financial Corporation, (Nasdaq SmallCap CRFN) has announced that Community Banker, Lewyn Hayes will serve as a member of the Holly Springs Chamber of Commerce’s Ambassador Club. - August 03, 2005 - Crescent State Bank

Crescent State Bank, the wholly owned subsidiary of Crescent Financial Corporation, (Nasdaq SmallCap CRFN) has announced that Alex Macklin will serve as a member of the Holly Springs Chamber of Commerce’s Ambassador’s Club. In this volunteer position, Macklin will represent the Holly Springs Chamber of Commerce at business functions and act as a liaison between the Chamber and its members. - July 21, 2005 - Crescent State Bank

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