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        <title>PR.com Press Releases: Crescent State Bank News</title>
        <description>Latest news releases from PR.com for Crescent State Bank.</description>
        <link>http://www.pr.com/press-releases</link>
        <lastBuildDate>Tue, 02 Dec 2008 01:40:16 -0500</lastBuildDate>
        <image>
            <url>http://www.pr.com/images/logo_white.jpg</url>
            <title>Press Releases from PR.com</title>
            <link>http://www.pr.com/</link>
            <width>68</width>
            <height>69</height>
            <description>PR.com provides Free Press Release Distribution, &amp; is a unique Directory of Businesses, Products, Services, &amp; Jobs - in all industries.  Find Full Company Profiles.</description>
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        <copyright>© 2008 PR Worldwide, Inc.</copyright>
        <ttl>60</ttl>
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            <title>Crescent State Bank Community Banker Named President of Kiwanis Club of Apex</title>
            <link>http://www.pr.com/press-release/118263</link>
            <description>Michael G. Carlton, president of Crescent State Bank (www.crescentstatebank.com), a wholly owned subsidiary of Crescent Financial Corporation (NASDAQ Global Market SM), has announced that Betty Crump, community banker for the bank&amp;rsquo;s Apex branch, has been named president of the Kiwanis Club of Apex. The club meets weekly to discuss programs and upcoming events in the community. Crump will be responsible for planning [PR.com - November 23, 2008]</description>
            <author>Crescent State Bank</author>
            <guid isPermaLink="true">http://www.pr.com/press-release/118263</guid>
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        <item>
            <title>Crescent State Bank Launches Fraud Check Program</title>
            <link>http://www.pr.com/press-release/114014</link>
            <description>Michael G. Carlton, president of Crescent State Bank (www.crescentstatebank.com), a wholly owned subsidiary of Crescent Financial Corporation, (NASDAQ Global MarketSM), has announced that the bank has launched Fraud Check, a program designed to assist members of the community in protecting themselves against becoming victims of fraud. Each of the bank&amp;rsquo;s 13 offices have been Fraud Check certified, enabling them to [PR.com - November 01, 2008]</description>
            <author>Crescent State Bank</author>
            <guid isPermaLink="true">http://www.pr.com/press-release/114014</guid>
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        <item>
            <title>Crescent State Bank’s Knightdale Branch Named Business of the Month</title>
            <link>http://www.pr.com/press-release/112746</link>
            <description>Michael G. Carlton, president of Crescent State Bank (www.crescentstatebank.com), a wholly owned subsidiary of Crescent Financial Corporation, (NASDAQ Global MarketSM), has announced that the bank&amp;rsquo;s Knightdale branch has been named October&amp;rsquo;s Business of the Month by the Knightdale Chamber of Commerce. The bank was presented with the award on Oct. 14 for its outstanding service and commitment to both the [PR.com - October 25, 2008]</description>
            <author>Crescent State Bank</author>
            <guid isPermaLink="true">http://www.pr.com/press-release/112746</guid>
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            <title>Crescent State Bank Vice President Named Chair of 2009 Raleigh Business Expo</title>
            <link>http://www.pr.com/press-release/111445</link>
            <description>Michael G. Carlton, president of Crescent State Bank (www.crescentstatebank.com), a wholly owned subsidiary of Crescent Financial Corporation, (NASDAQ Global MarketSM), has announced that Sally Neuman, vice president at the bank, has been named chair of the 2009 Raleigh Business Expo presented by the Greater Raleigh Chamber of Commerce. The event is the largest business-to-business trade show in the area and gives local [PR.com - October 18, 2008]</description>
            <author>Crescent State Bank</author>
            <guid isPermaLink="true">http://www.pr.com/press-release/111445</guid>
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            <title>Crescent State Bank Security Director Discusses Fighting Fraud Seminar and Shred-a-thon Event</title>
            <link>http://www.pr.com/press-release/110952</link>
            <description>Michael G. Carlton, president of Crescent State Bank (www.crescentstatebank.com), a wholly owned subsidiary of Crescent Financial Corporation (NASDAQ Global Market SM), has announced the release of an audio podcast discussing Fighting Fraud, the first event in Crescent State Bank&amp;rsquo;s Centsibility Series. In the podcast, Jo Sorbi, security director for the bank, describes what attendees can expect from Fighting Fraud, [PR.com - October 16, 2008]</description>
            <author>Crescent State Bank</author>
            <guid isPermaLink="true">http://www.pr.com/press-release/110952</guid>
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            <title>Crescent State Bank Announces Panel Members for Fighting Fraud Seminar</title>
            <link>http://www.pr.com/press-release/110248</link>
            <description>Community Bank to Host Local Fraud Experts. [PR.com - October 11, 2008]</description>
            <author>Crescent State Bank</author>
            <guid isPermaLink="true">http://www.pr.com/press-release/110248</guid>
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            <title>Crescent State Bank Community Banker Named Apex Chamber Ambassador of the Year</title>
            <link>http://www.pr.com/press-release/109000</link>
            <description>Michael G. Carlton, president of Crescent State Bank (www.crescentstatebank.com), a wholly owned subsidiary of Crescent Financial Corporation (NASDAQ Global Market SM), has announced that Betty Crump, community banker for the bank&amp;rsquo;s Apex office, has been named Ambassador of the Year by the Apex Chamber of Commerce. As an Ambassador, Crump is responsible for increasing membership base, planning and implementing [PR.com - October 04, 2008]</description>
            <author>Crescent State Bank</author>
            <guid isPermaLink="true">http://www.pr.com/press-release/109000</guid>
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        <item>
            <title>Crescent State Bank Named 2008 Business of the Year</title>
            <link>http://www.pr.com/press-release/107727</link>
            <description>Michael G. Carlton, president of Crescent State Bank (www.crescentstatebank.com), a wholly owned subsidiary of Crescent Financial Corporation, (NASDAQ Global MarketSM), has announced that the bank has been named Business of the Year by the Cary Chamber of Commerce. The award was presented on September 17 at the 2008 Annual Banquet hosted by the Chamber at Prestonwood Country Club. Members of the Cary Chamber&amp;rsquo;s [PR.com - September 27, 2008]</description>
            <author>Crescent State Bank</author>
            <guid isPermaLink="true">http://www.pr.com/press-release/107727</guid>
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            <title>Crescent State Bank Hosts Shred-a-Thon and Fighting Fraud Seminar</title>
            <link>http://www.pr.com/press-release/106415</link>
            <description>Michael G. Carlton, president of Crescent State Bank (www.crescentstatebank.com), a wholly owned subsidiary of Crescent Financial Corporation, (NASDAQ Global MarketSM), has announced that the bank will host Fighting Fraud, the first event in the Centsibility Series, on Thursday, Oct. 16 from 4 to 7 p.m. at the Cary Chamber of Commerce, located at 307 N. Academy St. The event will include a Shred-a-thon and Fighting Fraud [PR.com - September 20, 2008]</description>
            <author>Crescent State Bank</author>
            <guid isPermaLink="true">http://www.pr.com/press-release/106415</guid>
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            <title>Crescent State Bank Resumes Search for New Headquarters</title>
            <link>http://www.pr.com/press-release/105654</link>
            <description>Michael G. Carlton, president of Crescent State Bank (www.crescentstatebank.com), a wholly owned subsidiary of Crescent Financial Corporation, (NASDAQ Global MarketSM), has announced that the bank has come to a mutual agreement with ZR Waverly Place, LLC, to terminate a lease commitment for the bank&amp;rsquo;s proposed new headquarters in Waverly Place located at the corner of Tryon Road and Kildaire Farm Road in Cary. The [PR.com - September 17, 2008]</description>
            <author>Crescent State Bank</author>
            <guid isPermaLink="true">http://www.pr.com/press-release/105654</guid>
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            <title>Crescent State Bank Sponsors Greater Raleigh Chamber of Commerce Annual Meeting and Chairman’s Reception</title>
            <link>http://www.pr.com/press-release/105116</link>
            <description>Michael G. Carlton, president of Crescent State Bank (www.crescentstatebank.com), a wholly owned subsidiary of Crescent Financial Corporation, (NASDAQ Global MarketSM), has announced that the bank will sponsor the Greater Raleigh Chamber of Commerce 120th Annual Meeting and Chairman&amp;rsquo;s Reception. The event will take place on Tuesday, Sept. 16 at the new Raleigh Convention Center located at 2 East South St. The [PR.com - September 13, 2008]</description>
            <author>Crescent State Bank</author>
            <guid isPermaLink="true">http://www.pr.com/press-release/105116</guid>
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            <title>Crescent State Bank’s Frank Shell Named to Cary Chamber Board of Directors</title>
            <link>http://www.pr.com/press-release/103828</link>
            <description>Michael G. Carlton, president of Crescent State Bank (www.crescentstatebank.com), a wholly owned subsidiary of Crescent Financial Corporation, (NASDAQ Global MarketSM), has announced that Frank Shell, senior vice president, city executive, has been named to the Cary Chamber of Commerce&amp;rsquo;s board of directors. As a board member, Shell will provide feedback and support to the chamber regarding its strategic plan and [PR.com - September 06, 2008]</description>
            <author>Crescent State Bank</author>
            <guid isPermaLink="true">http://www.pr.com/press-release/103828</guid>
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            <title>Crescent State Bank’s Lewyn Hayes Named Fuquay Varina Rotary Club President</title>
            <link>http://www.pr.com/press-release/102781</link>
            <description>Michael G. Carlton, president of Crescent State Bank (www.crescentstatebank.com), a wholly owned subsidiary of Crescent Financial Corporation, (NASDAQ Global MarketSM), has announced that Lewyn Hayes, assistant vice president, community banker, has been named the 2008-2009 president of The Rotary Club of Fuquay-Varina. In this position, Hayes is responsible for recruiting directors to oversee various committees, as well [PR.com - August 30, 2008]</description>
            <author>Crescent State Bank</author>
            <guid isPermaLink="true">http://www.pr.com/press-release/102781</guid>
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            <title>Crescent State Bank Names Certified Mortgage Planner</title>
            <link>http://www.pr.com/press-release/101680</link>
            <description>Michael G. Carlton, president of Crescent State Bank (www.crescentstatebank.com), a wholly owned subsidiary of Crescent Financial Corporation, (Nasdaq Global Market SM), has announced that Mark Wooten has been named certified mortgage planner at the bank&amp;rsquo;s Cary office. In this position, he is responsible for residential mortgage lending in the Triangle market. His day-to-day duties include managing the existing [PR.com - August 23, 2008]</description>
            <author>Crescent State Bank</author>
            <guid isPermaLink="true">http://www.pr.com/press-release/101680</guid>
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            <title>Crescent State Bank President and Chief Financial Officer to Speak at 13th Annual Community Bank Conference</title>
            <link>http://www.pr.com/press-release/100555</link>
            <description>Michael G. Carlton, president of Crescent State Bank (www.crescentstatebank.com), a wholly owned subsidiary of Crescent Financial Corporation, will address the 13th Annual Community Bank Conference in Chicago at 3:10 p.m. on Tuesday, Aug. 19. Carlton will provide an investor update on Crescent Financial Corporation with Bruce Elder, chief financial officer of Crescent State Bank. The presentation will be accessible [PR.com - August 16, 2008]</description>
            <author>Crescent State Bank</author>
            <guid isPermaLink="true">http://www.pr.com/press-release/100555</guid>
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            <title>Crescent State Bank’s Rod Webb Reappointed to the Wake County Industrial Facilities and Pollution Control Financing Authority</title>
            <link>http://www.pr.com/press-release/95880</link>
            <description>Michael G. Carlton, president of Crescent State Bank (www.crescentstatebank.com), a wholly owned subsidiary of Crescent Financial Corporation, (NASDAQ Global Market SM), has announced that Rod Webb, senior vice president in commercial banking at the bank&amp;rsquo;s Raleigh office, has been reappointed to the Wake County Industrial Facilities and Pollution Control Financing Authority. The authority promotes gainful employment [PR.com - July 19, 2008]</description>
            <author>Crescent State Bank</author>
            <guid isPermaLink="true">http://www.pr.com/press-release/95880</guid>
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            <title>Crescent State Bank Names Commercial Loan Officer</title>
            <link>http://www.pr.com/press-release/94734</link>
            <description>Michael G. Carlton, president of Crescent State Bank (www.crescentstatebank.com), a wholly owned subsidiary of Crescent Financial Corporation, (NASDAQ Global Market SM), has announced that Nikki Clemmons has been named commercial loan officer for the bank&amp;rsquo;s Wilmington office. In this position, Clemmons will be responsible for establishing and maintaining effective personal business relations with clients, as well as [PR.com - July 12, 2008]</description>
            <author>Crescent State Bank</author>
            <guid isPermaLink="true">http://www.pr.com/press-release/94734</guid>
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            <title>Crescent State Bank Named to Carolinas 100 List</title>
            <link>http://www.pr.com/press-release/92498</link>
            <description>Michael G. Carlton, president of Crescent State Bank (www.crescentstatebank.com), a wholly owned subsidiary of Crescent Financial Corporation, (NASDAQ Global MarketSM), has announced that the bank has been named to the 2008 Carolinas 100, a list compiled by The News and Observer ranking the top 100 publicly traded companies in North Carolina and South Carolina. The list, which ranks companies based on revenue, stock [PR.com - June 28, 2008]</description>
            <author>Crescent State Bank</author>
            <guid isPermaLink="true">http://www.pr.com/press-release/92498</guid>
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            <title>Crescent State Bank’s Mark Vaughn Named to Community Investment Corporation of the Carolinas’ Board of Directors</title>
            <link>http://www.pr.com/press-release/91356</link>
            <description>Michael G. Carlton, president of Crescent State Bank (www.crescentstatebank.com), a wholly owned subsidiary of Crescent Financial Corporation, (NASDAQ Global MarketSM), has announced that Mark Vaughn, compliance manager, has been named to the Community Investment Corporation of the Carolinas&amp;rsquo; (CICCAR) Board of Directors. Vaughn will serve on the board for a two-year term of office.

CICCAR was established in 1990 by [PR.com - June 21, 2008]</description>
            <author>Crescent State Bank</author>
            <guid isPermaLink="true">http://www.pr.com/press-release/91356</guid>
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            <title>Crescent State Bank Hosts Root Beer Float Social</title>
            <link>http://www.pr.com/press-release/90086</link>
            <description>Michael G. Carlton, president of Crescent State Bank (www.crescentstatebank.com), a wholly owned subsidiary of Crescent Financial Corporation, (NASDAQ Global MarketSM), has announced that the bank will host a root beer float social at the Apex office on Wednesday, June 18 and the Holly Springs office on Wednesday, June 25 from 11 a.m. to 2 p.m. in their respective lobbies. A free box of checks will be given to anyone who [PR.com - June 14, 2008]</description>
            <author>Crescent State Bank</author>
            <guid isPermaLink="true">http://www.pr.com/press-release/90086</guid>
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            <title>Crescent State Bank Names Vice President, Commercial Lender</title>
            <link>http://www.pr.com/press-release/88870</link>
            <description>Michael G. Carlton, president of Crescent State Bank (www.crescentstatebank.com), a wholly owned subsidiary of Crescent Financial Corporation, (NASDAQ Global Market SM), has announced that Jeff Williams has been named vice president, commercial lender for the bank&amp;rsquo;s Raleigh office. In this position, Williams will be responsible for commercial lending, business development and community relations for the greater Wake [PR.com - June 07, 2008]</description>
            <author>Crescent State Bank</author>
            <guid isPermaLink="true">http://www.pr.com/press-release/88870</guid>
        </item>
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            <title>Crescent State Bank Names Mortgage Account Executive</title>
            <link>http://www.pr.com/press-release/87778</link>
            <description>Sylvia Phillips Currin Joins Local Community Bank. [PR.com - May 31, 2008]</description>
            <author>Crescent State Bank</author>
            <guid isPermaLink="true">http://www.pr.com/press-release/87778</guid>
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            <title>Crescent State Bank Supports 21st Annual Chamber Event</title>
            <link>http://www.pr.com/press-release/86771</link>
            <description>Michael G. Carlton, president of Crescent State Bank (www.crescentstatebank.com), a wholly owned subsidiary of Crescent Financial Corporation, (NASDAQ Global MarketSM), has announced that the bank served as a Presenting sponsor for the Cary Chamber of Commerce 21st annual Small Business Awards luncheon. [PR.com - May 24, 2008]</description>
            <author>Crescent State Bank</author>
            <guid isPermaLink="true">http://www.pr.com/press-release/86771</guid>
        </item>
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            <title>Crescent State Bank Holds Statewide Food Drive</title>
            <link>http://www.pr.com/press-release/85844</link>
            <description>Michael G. Carlton, president of Crescent State Bank (www.crescentstatebank.com), a wholly owned subsidiary of Crescent Financial Corporation, (NASDAQ Global MarketSM), has announced that the bank will hold a food drive to support the Food Bank of Central and Eastern North Carolina. Requested items include canned goods, peanut butter, cereal, rice, hygiene items, infant products and paper products. Donations can be made [PR.com - May 18, 2008]</description>
            <author>Crescent State Bank</author>
            <guid isPermaLink="true">http://www.pr.com/press-release/85844</guid>
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            <title>Hansen Matthews Joins Crescent State Bank Advisory Board</title>
            <link>http://www.pr.com/press-release/85645</link>
            <description>Local Real Estate Partner Named to Wilmington Board. [PR.com - May 17, 2008]</description>
            <author>Crescent State Bank</author>
            <guid isPermaLink="true">http://www.pr.com/press-release/85645</guid>
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            <title>Crescent State Bank One of Nation’s First to Adopt eRecording Technology</title>
            <link>http://www.pr.com/press-release/84551</link>
            <description>Michael G. Carlton, president of Crescent State Bank (www.crescentstatebank.com), a wholly owned subsidiary of Crescent Financial Corporation, (NASDAQ Global MarketSM), has announced that the bank has partnered with Settleware Secure Services, Inc. to adopt eRecording technology. Settleware is a level 3 eRecording software vendor that is a Secretary of State approved solution provider of electronic notary seals.

Through [PR.com - May 08, 2008]</description>
            <author>Crescent State Bank</author>
            <guid isPermaLink="true">http://www.pr.com/press-release/84551</guid>
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            <title>Crescent State Bank Employee Leads Cary High School Junior Bank Board Community Effort</title>
            <link>http://www.pr.com/press-release/83532</link>
            <description>Michael G. Carlton, president of Crescent State Bank (www.crescentstatebank.com), a wholly owned subsidiary of Crescent Financial Corporation, (NASDAQ Global MarketSM), has announced that Elizabeth Cantino, community banker at Crescent State Bank, served as a liason between the bank and the Cary High School Junior Bank Board during The Bridge Project. The Bridge Project was a community service effort on Saturday, April [PR.com - May 03, 2008]</description>
            <author>Crescent State Bank</author>
            <guid isPermaLink="true">http://www.pr.com/press-release/83532</guid>
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            <title>Crescent State Bank Announces New Director of Operations</title>
            <link>http://www.pr.com/press-release/82422</link>
            <description>Michael G. Carlton, president of Crescent State Bank (www.crescentstatebank.com), a wholly owned subsidiary of Crescent Financial Corporation, (NASDAQ Global MarketSM), has announced that John A. Davis has joined the bank as director of operations. In this position, Davis will focus his activities on the bank&amp;rsquo;s loan and deposit operations and will provide oversight for the bank&amp;rsquo;s security and IT [PR.com - April 26, 2008]</description>
            <author>Crescent State Bank</author>
            <guid isPermaLink="true">http://www.pr.com/press-release/82422</guid>
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            <title>Crescent Financial Corporation Announces Financial Results for First Quarter Ended March 31, 2008</title>
            <link>http://www.pr.com/press-release/81570</link>
            <description>Crescent Financial Corporation (Nasdaq:CRFN), parent company of Crescent State Bank of Cary, NC, today announced unaudited net income for the quarter ended March 31, 2008 of $1,000,000 or $.10 per diluted share compared with $1,466,000 or $.15 per diluted share for the prior year quarter. Earnings for the quarter were impacted by a contraction of net interest margin and the added expenses of continued franchise [PR.com - April 20, 2008]</description>
            <author>Crescent State Bank</author>
            <guid isPermaLink="true">http://www.pr.com/press-release/81570</guid>
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            <title>Crescent State Bank Named to Top 100 Public Companies List by Triangle Business Journal</title>
            <link>http://www.pr.com/press-release/81398</link>
            <description>Michael G. Carlton, president of Crescent State Bank (www.crescentstatebank.com), a wholly owned subsidiary of Crescent Financial Corporation, (Nasdaq Global Market(SM)), has announced that the bank has been named one of the Top 100 Public Companies by the Triangle Business Journal. Rankings are based on market value. According to the published list, Crescent Financial Corporation, as of March 3, 2008, has a market value [PR.com - April 19, 2008]</description>
            <author>Crescent State Bank</author>
            <guid isPermaLink="true">http://www.pr.com/press-release/81398</guid>
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            <title>Crescent State Bank Opens Second Wilmington Office</title>
            <link>http://www.pr.com/press-release/78757</link>
            <description>Michael G. Carlton, president of Crescent State Bank (www.crescentstatebank.com), a wholly owned subsidiary of Crescent Financial Corporation (NASDAQ Global MarketSM), has announced the opening of the bank&amp;rsquo;s new Wilmington office located at 2506 Independence Blvd. The new office, which opened its doors to the public on the morning of Monday, March 31, enables the bank to expand its services in the Wilmington market [PR.com - March 31, 2008]</description>
            <author>Crescent State Bank</author>
            <guid isPermaLink="true">http://www.pr.com/press-release/78757</guid>
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            <title>Crescent State Bank Partners with Dress for Success Triangle NC</title>
            <link>http://www.pr.com/press-release/77337</link>
            <description>Michael G. Carlton, president of Crescent State Bank (www.crescentstatebank.com), a wholly owned subsidiary of Crescent Financial Corporation, (NASDAQ Global MarketSM), has announced that the bank has partnered with Dress for Success Triangle NC. Dress for Success Triangle NC is an affiliate of the international nonprofit organization that provides interview suits, confidence boosts and career development to women in [PR.com - March 20, 2008]</description>
            <author>Crescent State Bank</author>
            <guid isPermaLink="true">http://www.pr.com/press-release/77337</guid>
        </item>
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            <title>Vance Bondurant Young Joins Crescent State Bank Advisory Board</title>
            <link>http://www.pr.com/press-release/76367</link>
            <description>Keith Betts, Wilmington area president of Crescent State Bank (www.crescentstatebank.com), a wholly owned subsidiary of Crescent Financial Corporation (NASDAQ Global MarketSM), has announced that Vance Bondurant Young, real estate broker at Intracoastal Realty, has been named to the bank&amp;rsquo;s Wilmington Advisory Board. The Crescent State Bank Wilmington Advisory Board acts as a liaison between the bank and the [PR.com - March 13, 2008]</description>
            <author>Crescent State Bank</author>
            <guid isPermaLink="true">http://www.pr.com/press-release/76367</guid>
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            <title>J. Keith Stark Joins Crescent State Bank Advisory Board</title>
            <link>http://www.pr.com/press-release/76366</link>
            <description>Keith Betts, Wilmington area president of Crescent State Bank (www.crescentstatebank.com), a wholly owned subsidiary of Crescent Financial Corporation (NASDAQ Global MarketSM), has announced that J. Keith Stark, owner and managing member of B&amp;amp;K Coastal, LLC, has been named to the bank&amp;rsquo;s Wilmington Advisory Board. The Crescent State Bank Wilmington Advisory Board acts as a liaison between the bank and the [PR.com - March 13, 2008]</description>
            <author>Crescent State Bank</author>
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            <title>Crescent State Bank Announces Wilmington Advisory Board</title>
            <link>http://www.pr.com/press-release/75398</link>
            <description>Michael G. Carlton, president of Crescent State Bank (www.crescentstatebank.com), a wholly owned subsidiary of Crescent Financial Corporation (NASDAQ Global MarketSM), has announced its 2008 Wilmington Board of Advisors. The Crescent State Bank Wilmington Advisory Board acts as a liaison between the bank and the Wilmington community. Board members are responsible for advising the bank on how to better serve the city of [PR.com - March 06, 2008]</description>
            <author>Crescent State Bank</author>
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            <title>Crescent State Bank Employee Earns Credit Risk Certification</title>
            <link>http://www.pr.com/press-release/74377</link>
            <description>Michael G. Carlton, president of Crescent State Bank (www.crescentstatebank.com), a wholly owned subsidiary of Crescent Financial Corporation, (NASDAQ Global MarketSM), has announced that Matt King has earned his credit risk certification through the Risk Management Association (RMA). The risk certification is awarded after the successful completion of an examination covering industry credit practices. A portfolio manager [PR.com - February 28, 2008]</description>
            <author>Crescent State Bank</author>
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            <title>Crescent State Bank Announces New Commercial Banking Manager</title>
            <link>http://www.pr.com/press-release/73345</link>
            <description>Michael G. Carlton, president of Crescent State Bank, a wholly owned subsidiary of Crescent Financial Corporation, (NASDAQ Global MarketSM), has announced that Rick Merrill has joined the bank as a commercial banking manager. In this position, Merrill will focus his activities on generating loans to commercial and real estate customers, as well as directing the bank&amp;rsquo;s lending team for the Raleigh area.

Merrill [PR.com - February 21, 2008]</description>
            <author>Crescent State Bank</author>
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            <title>Crescent State Bank Named &quot;Best Business in Garner&quot;</title>
            <link>http://www.pr.com/press-release/72321</link>
            <description>Michael G. Carlton, president of Crescent State Bank (www.crescentstatebank.com), a wholly owned subsidiary of Crescent Financial Corporation, (NASDAQ Global MarketSM), has announced that the Garner office has been named &amp;ldquo;Best Business in Garner&amp;rdquo; by The Garner Citizen News &amp;amp; Times. Crescent State Bank was recognized with a Citizen Choice Award for its business accomplishments, community involvement and [PR.com - February 14, 2008]</description>
            <author>Crescent State Bank</author>
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        <item>
            <title>Crescent State Bank President Named Among Top Triangle Business Leaders</title>
            <link>http://www.pr.com/press-release/71293</link>
            <description>Crescent State Bank, a wholly owned subsidiary of Crescent Financial Corporation, (NASDAQ Global MarketSM), has announced that Michael G. Carlton, president and CEO for the bank, has been named to Business Leader magazine&amp;rsquo;s 2007/2008 list for Impact Business Leaders. Carlton, along with 24 other prominent Triangle business leaders, will be honored at Business Leader Magazine&amp;rsquo;s awards gala on Monday, March 3 at [PR.com - February 07, 2008]</description>
            <author>Crescent State Bank</author>
            <guid isPermaLink="true">http://www.pr.com/press-release/71293</guid>
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        <item>
            <title>Crescent Financial Corporation Announces Financial Results for Fourth Quarter and Year Ended December 31, 2007</title>
            <link>http://www.pr.com/press-release/68714</link>
            <description>Crescent Financial Corporation (Nasdaq: CRFN), parent company of Crescent State Bank in Cary, N.C., today announced unaudited net income for the year ended December 31, 2007, of $6,248,800 or $0.65 per diluted share compared with $4,904,000 or $0.64 per diluted share for the year ended December 31, 2006. All financial results for 2006 have been adjusted to reflect the 11-for-10 stock split paid in May 2007. While net [PR.com - January 21, 2008]</description>
            <author>Crescent State Bank</author>
            <guid isPermaLink="true">http://www.pr.com/press-release/68714</guid>
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