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Crescent State Bank

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Crescent State Bank Sponsors PROSHREDŽ at Knightdale Business Expo


Cary, NC, June 16, 2010 --(PR.com)-- Michael Carlton, president of Crescent State Bank (www.crescentstatebank.com), a wholly owned subsidiary of Crescent Financial Corporation, (NASDAQ Global MarketSM), has announced that the bank will sponsor PROSHRED® (www.proshred.com) at the Knightdale Chamber of Commerce Business Expo on Thursday, June 17 from 2 p.m. to 6 p.m. at Knightdale High School, located at 100 Bryan Chalk Lane in Knightdale. PROSHRED® is a locally owned paper shredding company that provides secure on-site document shredding and recycling services, and they will be available to shred sensitive documents for attendees. Representatives from Crescent State Bank will also be available to answer questions about identity theft and fraud.

Quotes:
“’Dumpster diving’ or rifling through trash is a popular tactic used by identity thieves,” said Carlton. “Individuals are taking a terrible risk by not shredding sensitive material. We hope that this event makes people aware of the reality and danger of identity theft. Shredding documents is one of the best ways to protect yourself and your company.”

New Media Content:
Crescent State Bank on Facebook
www.facebook.com/crescentstatebank

Details:
- This event is open to the public.

- Materials that should be shredded include: junkmail and paperwork that includes account numbers, birth dates, passwords, signatures, and social security numbers. Individuals should also consider shredding items that include names, addresses, phone numbers and e-mail addresses.
- A complete list of specific items that should be shredded can be found at http://www.crescentstatebank.com/about-us/news-and-events/shredevent10.html.

About Crescent State Bank:
Crescent State Bank is a wholly owned subsidiary of Crescent Financial Corporation. The bank has total assets of $1 billion, deposits of $713.8 million, and net loans of $727.7 million as of March 31, 2010. 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.

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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.

Kate Catlin
MMI Public Relations
(919) 233-6600
kate@mmipublicrelations.com
twitter.com/MMIPR
www.mmipublicrelations.com
Contact Information
Crescent State Bank
Patty Briguglio
919-233-6600
Contact
www.mmipublicrelations.com

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