Crescent State Bank
Crescent State Bank

Crescent State Bank Hosts Informational Open House

Cary, NC, January 24, 2009 --( 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 an informational open house on Tuesday, Jan. 27 from 9 to 11 a.m. at the Preston office, located at 1005 High House Road. Additional open houses will be held on Wednesday, Jan. 28 from 9 to 11 a.m. at the Southern Pines location, 185 W. Morganton Road, and Pinehurst branch, located at 211 M Central Park Avenue. Crescent will provide fresh coffee, fresh donuts and fresh ideas about banking at each event.

“Crescent State Bank is excited to host these open houses,“ said Carlton. “This is an excellent opportunity to appreciate our customers and educate them on the services that we provide.”

About Crescent State Bank:
Crescent State Bank is a wholly owned subsidiary of Crescent Financial Corporation. The bank has total assets of $955.5 million, deposits of $711.6 million, and net loans of $759.1 million as of Sept. 30, 2008. The bank operates 13 full-service banking offices in the communities of Cary (2), Apex, Clayton, Garner, Holly Springs, Sanford, Southern Pines, Pinehurst, Raleigh, Knightdale and Wilmington (2), North Carolina. For more information, visit


Information in this press release contains "forward-looking statements." These statements involve risks and uncertainties that could cause actual results to differ materially, including without limitation, the effects of future economic conditions, governmental fiscal and monetary policies, legislative and regulatory changes, the risks of changes in interest rates, and the effects of competition. Additional factors that could cause actual results to differ materially are discussed in Crescent Financial Corporation’s recent filings with the Securities and Exchange Commission, including, but not limited to, its Annual Report on Form 10-K and its other periodic reports.

Patty Briguglio
MMI Associates, Inc.
(919) 233-6600
PR Firms Raleigh, NC
Crescent State Bank
Patty Briguglio