Cary, NC, August 08, 2009 --(PR.com
)-- 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 to the Western Wake 100, a list compiled by Cary Business Magazine to recognize the 100 most influential businesses in Western Wake County. S&A Cherokee, publisher of the magazine, solicited nominations from local chambers of commerce and influential business leaders to compile the list. The magazine is an annual section in Cary Magazine’s July/August issue and is focused on leading businesses in Western Wake County. Crescent State Bank is headquartered in Cary, N.C., with additional bank locations in Apex, Raleigh, Holly Springs, Clayton, Southern Pines, Pinehurst, Sanford, Knightdale, Wilmington and Garner.
“We are honored to be named a Western Wake 100 business,” said Carlton. “As a top Triangle business, we will continue to provide outstanding service to our customers and the community.”
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 $706.5 million, and net loans of $762.2 million as of June 30, 2009. The bank operates 15 full-service banking offices in the communities of Cary (2), Apex, Clayton, Garner, Holly Springs, Sanford, Southern Pines, Pinehurst, Raleigh (3), Knightdale and Wilmington (2), North Carolina. For more information, visit www.crescentstatebank.com.
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.
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