Crescent State Bank
Crescent State Bank

Crescent State Bank Sponsors 2009 Business Expo

Cary, NC, May 08, 2009 --(PR.com)-- 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 bank’s sponsorship of the 2009 Business Expo on Thursday, May 7 from 9:30 a.m. to 5 p.m. in the Jim Graham Building of the N.C. State Fairgrounds in Raleigh. The event, presented by the Greater Raleigh Chamber of Commerce and The News & Observer Publishing Co., is the largest business-to-business trade show in the area and gives local businesses the opportunity to network with others in their industry. Sally Neuman, vice president at the bank, is chairing the event. For more information, visit www.raleighchamber2.org/bizexpo.

“We are pleased to support the 2009 Raleigh Business Expo,” said Carlton. “As a member of the Raleigh business community, it is important to cultivate relationships and network with other business leaders in the Triangle.”

About Crescent State Bank:
Crescent State Bank is a wholly owned subsidiary of Crescent Financial Corporation. The bank has total assets of $1.1 billion, deposits of $731.6 million, and net loans of $773.8 million as of March 31, 2009. The bank operates 14 full-service banking offices in the communities of Cary (2), Apex, Clayton, Garner, Holly Springs, Sanford, Southern Pines, Pinehurst, Raleigh (2), Knightdale and Wilmington (2), North Carolina. For more information, visit www.crescentstatebank.com.

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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
patty@mmimarketing.com
PR Firms Raleigh, NC
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