Crescent State Bank Named "Best Business in Garner"

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 “Best Business in Garner” by The Garner Citizen News & Times. - February 14, 2008

Crescent State Bank President Named Among Top Triangle Business Leaders

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’s 2007/2008 list for Impact Business Leaders. Carlton, along with 24... - February 07, 2008

Crescent Financial Corporation Announces Financial Results for Fourth Quarter and Year Ended December 31, 2007

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,... - January 21, 2008

Crescent State Bank Announces Mortgage Loan Officer

Michael G. Carlton, president of Crescent State Bank, a wholly owned subsidiary of Crescent Financial Corporation (NASDAQ Global MarketSM), has announced that Tracy Collier has joined the bank’s Wilmington office as mortgage loan officer. In this position, Collier will be responsible for... - January 17, 2008

Crescent State Bank President Named to the Salvation Army of Wake County Advisory Board

Michael G. Carlton, president of Crescent State Bank (www.crescentstatebank.com), a wholly owned subsidiary of Crescent Financial Corporation, (NASDAQ Global MarketSM), has been named to The Salvation Army of Wake County Advisory Board. As a board member, Carlton will be responsible for handling... - January 10, 2008

Crescent State Bank Announces New Hire

Michael G. Carlton, president of Crescent State Bank, a wholly owned subsidiary of Crescent Financial Corporation (NASDAQ Global MarketSM), has announced that Jeff W. Eddins has joined the bank’s Knightdale office as community banker. In this position, Eddins will be responsible for handling... - January 03, 2008

Crescent State Bank Named Among Top Triangle Banks

Michael G. Carlton, president of Crescent State Bank, a wholly owned subsidiary of Crescent Financial Corporation (NASDAQ Global MarketSM), has announced that the bank has been named one of the Top 25 Triangle Banks by the Triangle Business Journal. Rankings were based on Triangle deposits. - December 27, 2007

Betty Crump Appointed Chair of Apex Chamber Ambassadors

Michael G. Carlton, president of Crescent State Bank, a wholly owned subsidiary of Crescent Financial Corporation (NASDAQ Global Market SM), has announced that Betty Crump, community banker for the bank’s Apex office, has been appointed chair of the Apex Chamber of Commerce Ambassadors. Crump... - December 20, 2007

Crescent State Bank Opens Knightdale Office

Michael G. Carlton, president of Crescent State Bank, a wholly owned subsidiary of Crescent Financial Corporation (NASDAQ Global MarketSM), has announced the grand opening of the bank’s new Knightdale office located at 7120 Knightdale Blvd. The ribbon cutting ceremony was held Dec. 13 and was... - December 13, 2007

Crescent State Bank Opens New Garner Office

Michael G. Carlton, president of Crescent State Bank, a wholly owned subsidiary of Crescent Financial Corporation (NASDAQ Global MarketSM), has announced the grand opening of the bank’s relocated Garner office at 945 Vandora Springs Road. The ribbon cutting ceremony, held on Dec. 11, was... - December 12, 2007

Julie Clark Participates in North Carolina Chamber’s Education Roundtable

Michael G. Carlton, president of Crescent State Bank, a wholly owned subsidiary of Crescent Financial Corporation (NASDAQ Global MarketSM), has announced that Julie Clark, senior community banker at the Garner office, participated in a 35-person North Carolina Chamber of Commerce roundtable... - November 29, 2007

Crescent State Bank Announces Plans for Knightdale Office

Michael G. Carlton, president of Crescent State Bank, a wholly owned subsidiary of Crescent Financial Corporation (NASDAQ Global MarketSM), has announced that the bank has received regulatory approval to open an office at 7120 Knightdale Blvd. in Knightdale. The approval, granted by the North... - November 15, 2007

Crescent State Bank Announces Plans For New Garner Office

Michael G. Carlton, president of Crescent State Bank a wholly owned subsidiary of Crescent Financial Corporation (NASDAQ Global MarketSM), has announced that the bank has received regulatory approval to open a new office in Garner. The approval, granted by the North Carolina Commissioner of Banks... - November 08, 2007

Crescent State Bank Sponsors Clarence E. Lightner Youth Leadership Banquet

Michael G. Carlton, president of Crescent State Bank, a wholly owned subsidiary of Crescent Financial Corporation, (NASDAQ Global MarketSM), has announced that the bank will sponsor the Annual Clarence E. Lightner Youth Leadership Banquet at the North Raleigh Hilton Hotel Grand Ballroom on... - November 01, 2007

Julie Clark Named to Community Relations Committee of Wake County Board of Education

Michael G. Carlton, president of Crescent State Bank, a wholly owned subsidiary of Crescent Financial Corporation, (NASDAQ Global MarketSM), has announced that Julie Clark, senior community banker at the Garner branch, has been named to the 2007-08 Community Relations Committee of the Wake County... - October 25, 2007

Crescent State Bank Sponsors Women’s Edge Luncheon

Michael G. Carlton, president of Crescent State Bank, a wholly owned subsidiary of Crescent Financial Corporation, (NASDAQ Global MarketSM), has announced that the bank will sponsor the Women’s Edge luncheon titled “A View from the Edge” on Tuesday, Oct. 16 from 11:30 a.m.-1:30... - October 11, 2007

Crescent State Bank Breaks Ground on Second Wilmington Office

Michael G. Carlton, president of Crescent State Bank, a wholly owned subsidiary of Crescent Financial Corporation, (NASDAQ Global MarketSM), has announced that the bank has broken ground on its second Wilmington office. The new office, which is currently under construction and scheduled to open in... - October 04, 2007

Crescent State Bank Announces Freedom Campaign

Michael G. Carlton, president of Crescent State Bank, a wholly owned subsidiary of Crescent Financial Corporation, (NASDAQ Global MarketSM), has announced that the bank has started its Freedom Campaign, an effort to support local soldiers overseas. As part of the campaign, Crescent State Bank will... - September 27, 2007

Crescent State Bank Sponsors Garner Chamber of Commerce Annual Meeting and Banquet

Michael G. Carlton, president of Crescent State Bank, a wholly owned subsidiary of Crescent Financial Corporation, (NASDAQ Global MarketSM), has announced that the bank will sponsor the 2007 Garner Chamber of Commerce Annual Meeting and Banquet. This year’s event will take place on Thursday,... - September 20, 2007

Crescent State Bank Presents Patriots Day Donation to Garner Chamber of Commerce

Michael G. Carlton, president of Crescent State Bank, a wholly owned subsidiary of Crescent Financial Corporation, (NASDAQ Global MarketSM), has announced that the bank made a formal donation to the Garner Chamber of Commerce to support its 2007 “Packages for Patriots” program, which... - September 14, 2007

Crescent State Bank Sponsors Benefit Horse Show for Victims of Domestic Violence

Michael G. Carlton, president of Crescent State Bank, a wholly owned subsidiary of Crescent Financial Corporation, (NASDAQ Global MarketSM), has announced the bank will sponsor the Second Annual Benefit Horse Show for Victims of Domestic Violence and Sexual Assault Saturday, Sept. 22 at 9 a.m. at... - September 07, 2007

Crescent State Bank Receives 2007 Communicator Award

Michael G. Carlton, president of Crescent State Bank, the wholly owned subsidiary of Crescent Financial Corporation (NASDAQ Global Market SM), has announced that the bank has received an Award of Excellence from the 13th Annual Communicator Awards Print Competition, the leading international awards... - August 31, 2007

Crescent State Bank Sponsors Speaking of Women’s Health Event

Michael G. Carlton, president of Crescent State Bank, a wholly owned subsidiary of Crescent Financial Corporation, (NASDAQ Global Market SM), has announced that the bank will sponsor the 2007 Speaking of Women’s Health conference, a two-day event designed to influence women in making informed... - August 17, 2007

Michael G. Carlton to Speak at 12th Annual Community Bank Conference

Michael G. Carlton, president of Crescent State Bank, a wholly owned subsidiary of Crescent Financial Corporation, (NASDAQ Global MarketSM), will be a guest speaker at the 12th Annual Community Bank Conference hosted by Howe Barnes Hoefer & Arnett, Inc., on Monday, Aug. 13 and Tuesday, Aug. 14... - August 10, 2007

Crescent State Bank Sponsors Raleigh Chamber of Commerce Conference

Michael Carlton, president of Crescent State Bank, a wholly owned subsidiary of Crescent Financial Corporation, (NASDAQ Global MarketSM), has announced that the bank will sponsor the Greater Raleigh Chamber of Commerce 2007 Annual Planning Conference in Pinehurst, N.C. on Wednesday, Aug. 22 and... - July 20, 2007

Crescent Financial Corporation Announces 44 Percent Quarterly Increase in Net Income for Second Quarter

Crescent Financial Corporation (Nasdaq:CRFN), parent company of Crescent State Bank headquartered in Cary, North Carolina, has announced unaudited net income for the quarter ended June 30, 2007 of $1,448,000, reflecting a 44% increase over net income of $1,003,000 for the prior year quarter. - July 20, 2007

Crescent State Bank Announces New Compliance Manager

Michael G. Carlton, president of Crescent State Bank, a wholly owned subsidiary of Crescent Financial Corporation, (NASDAQ Global MarketSM), has announced that Mark Vaughn has joined the bank as senior vice president and compliance manager. In this position, Vaughn will be responsible for... - July 11, 2007

Crescent State Bank Names New Senior Vice President

Michael G. Carlton, president of Crescent State Bank, a wholly owned subsidiary of Crescent Financial Corporation, (NASDAQ Global Market SM), has announced that M. Bridget Falco has joined the bank as senior vice president and commercial lending officer. In this position, she will focus her... - July 10, 2007

Crescent State Bank Announces New Community Banker

Michael G. Carlton, president of Crescent State Bank, a wholly owned subsidiary of Crescent Financial Corporation, (NASDAQ Global MarketSM), has announced that Justin Holladay has been promoted to community banker for its Garner office. In this position, Holladay will be responsible for improving... - June 29, 2007

Crescent State Bank Announces New Senior Vice President

Michael G. Carlton, president of Crescent State Bank, a wholly owned subsidiary of Crescent Financial Corporation, (NASDAQ Global MarketSM), has announced that William V. Leaming, Jr. has joined the bank as senior vice president and director of operations. In this position, Leaming will focus his... - June 22, 2007

Crescent State Bank Sponsors Cary Chamber of Commerce Small Business Awards Luncheon

Michael G. Carlton, president of Crescent State Bank, a wholly owned subsidiary of Crescent Financial Corporation, (NASDAQ Global MarketSM), has announced that the bank served as a sponsor for the Cary Chamber of Commerce 20th annual Small Business Awards luncheon. The event was held May 17 at the... - June 16, 2007

Crescent State Bank Hosts Seminar to Examine Investing Pitfalls

Michael G. Carlton, president of Crescent State Bank, a wholly owned subsidiary of Crescent Financial Corporation, (NASDAQ Global MarketSM), has announced that the bank will host a complimentary seminar on Thursday, June 14 to address “Common Tax Mistakes: Investing In Real Estate and the... - June 08, 2007

Crescent State Bank Sponsors Women’s Forum of North Carolina Gala

Michael G. Carlton, president of Crescent State Bank, a wholly owned subsidiary of Crescent Financial Corporation, (NASDAQ Global MarketSM), has announced that the bank sponsored the Women’s Forum of North Carolina Gala held on May 4 at the Fletcher Theatre Lobby in downtown Raleigh. The... - May 25, 2007

Crescent State Bank Announces New Executive

Michael G. Carlton, president of Crescent State Bank, a wholly owned subsidiary of Crescent Financial Corporation, (NASDAQ Global MarketSM), has announced that Michael A. Ray has joined the bank as eastern Wake community executive. In this position, Ray will be responsible for generating new... - May 18, 2007

Crescent State Bank Announces New Vice President

Michael G. Carlton, president of Crescent State Bank, a wholly owned subsidiary of Crescent Financial Corporation, (NASDAQ Global MarketSM), has announced that Mark B. Newman has joined the bank as vice president and commercial loan officer. In this position, Newman will be responsible for... - May 11, 2007

Crescent State Bank Executive Receives 40 Under 40 Award

Michael Carlton, president of Crescent State Bank, the wholly owned subsidiary of Crescent Financial Corporation (NASDAQ Global Market SM), has announced Jonathan Taylor, senior vice president and Raleigh city executive for the bank, has received the Triangle Business Journal’s 40 Under 40... - May 04, 2007

Crescent Financial Corporation Announces 49% Increase in Comparative First Quarter Earnings

Crescent Financial Corporation (NasdaqGM: CRFN), parent company of Crescent State Bank of Cary and Port City Capital Bank of Wilmington, N.C., today announced unaudited net income for the quarter ended March 31, 2007 of $1,466,000, reflecting a 49% increase over net income of $982,000 for the prior... - April 26, 2007

Crescent Financial Corporation Announces Stock Split Effected as a 10% Stock Dividend

The Board of Directors of Crescent Financial Corporation (“Crescent”), parent company of Crescent State Bank of Cary, NC and Port City Capital Bank of Wilmington, NC, at its regular meeting on April 18, 2007, declared a 11-for-10 stock split effected as a 10% stock dividend payable on... - April 23, 2007

Crescent State Bank Executive Named Steering Committee Chairman for the Occoneechee Council Boy Scouts of America’s Major Gifts Breakfast

Jonathan Taylor, senior vice president and Raleigh city executive of Crescent State Bank, the wholly owned subsidiary of Crescent Financial Corporation (NASDAQ Global Market SM), was named the 2007 Steering Committee Chairman for the Occoneechee Council of the Boy Scouts of America’s Major... - April 13, 2007

Greg Hatem Joins Crescent State Bank’s Raleigh Advisory Board

Jonathan Taylor, senior vice president and Raleigh city executive of Crescent State Bank, the wholly owned subsidiary of Crescent Financial Corporation (NASDAQ Global Market SM), has announced that Greg Hatem, managing partner and founding member of Empire Properties, has joined the bank’s... - April 06, 2007

Crescent State Bank Sponsors 56th Annual Stoneybrook Steeplechase

Michael G. Carlton, president of Crescent State Bank, a wholly owned subsidiary of Crescent Financial Corporation, (NASDAQ Global MarketSM), has announced that the bank will serve as sponsor for the 56th Annual Stoneybrook Steeplechase event scheduled for Saturday, April 7 at the Carolina Horse... - March 30, 2007

Crescent State Bank Launches New Web Site

Michael Carlton, president of Crescent State Bank, the wholly owned subsidiary of Crescent Financial Corporation (NASDAQ Global Market SM), has announced that the bank has launched a new redesigned Web site. The improvements to the Web site include easy-to-use navigation, an online mortgage... - March 16, 2007

Port City Capital Bank Honored By Business North Carolina Magazine

Keith Betts, president of Port City Capital Bank, the wholly owned subsidiary of Crescent Financial Corporation (NASDAQ Global Market SM), has announced that the bank has been named one of the state’s most efficient banks for 2006 by Business North Carolina magazine. Port City Capital Bank... - February 16, 2007

Crescent Financial Corporation Executive to Speak at 2007 Southeast SuperCommunity Banking Conference

Michael G. Carlton, president and CEO of Crescent State Bank, a wholly owned subsidiary of Crescent Financial Corporation, (NASDAQ: “CRFN”), will be a presenting at the 2007 Southeast SuperCommunity Bank Conference on February 14 and 15, 2007 in Atlanta, Georgia. Mr. Carlton will... - February 09, 2007

Crescent State Bank Launches Switch Kit

Michael Carlton, president of Crescent State Bank, the wholly owned subsidiary of Crescent Financial Corporation (NASDAQ Global Market SM), has announced that the bank has launched the Crescent State Bank Switch Kit, a package that allows for easier account transitions from outside financial... - February 05, 2007

Crescent State Bank President Speaks at Local Chapter of National Association of Investment Clubs

Michael Carlton, president of Crescent State Bank, the wholly owned subsidiary of Crescent Financial Corporation (NASDAQ Global Market SM), will be the guest speaker at the Stock Study Group of the Central North Carolina Chapter (CNCC) of the National Association of Investment Clubs (NAIC)... - February 01, 2007

Crescent Financial Corporation Announces 63% Increase in Fourth Quarter 2006 Earnings and 56% Increase in 2006 Annual Earnings

Crescent Financial Corporation (NasdaqGM: CRFN), parent company of Crescent State Bank in Cary, North Carolina and Port City Capital Bank in Wilmington, North Carolina today announced unaudited net income for the year ended December 31, 2006 of $4,904,000 reflecting a 56% increase over net income... - January 22, 2007

Crescent State Bank Names City Executive for Holly Springs Office

Kenneth Meyer Chosen to Lead Community Bank Office - January 12, 2007

Crescent State Bank Honored by Carolina Parent Magazine

Local Publication Names Crescent a Top Bank - December 14, 2006

Crescent State Bank Named to Top 100 List in Business North Carolina Magazine

Local Community Bank Recognized as a Top Bank in North Carolina - December 08, 2006

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