Crescent State Bank
Crescent State Bank

Crescent State Bank Has First Adopt-a-Highway Cleanup Day

Cary, NC, March 14, 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’s Apex branch has adopted a portion of highway in Apex. The two-mile stretch of Center Street was adopted in November 2008, and the bank held its first cleanup in January. Many bank employees, as well as members of the Apex Kiwanis Club, came out to support the cause. The next cleanup will be later this spring.

“We are proud that Crescent State Bank employees are participating in the Adopt-A-Highway program in Apex,” said Carlton. “Giving back to the community is a top priority at Crescent State Bank, and the enthusiasm of our employees is great.”

About Crescent State Bank:
Crescent State Bank is a wholly owned subsidiary of Crescent Financial Corporation. The bank has total assets of $968.3 million, deposits of $714.9 million, and net loans of $772.8 million as of Dec. 31, 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