Crescent State Bank Hosts Root Beer Float Social

Michael G. 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 host a root beer float social at the Apex office on Wednesday, June 18 and the Holly Springs office on Wednesday, June 25 from 11 a.m. to 2 p.m. in their respective lobbies. A free box of checks will be given to anyone who opens a Freedom checking account the day of the socials. Everyone in the community is encouraged to attend.

Freedom checking accounts are flexible and convenient personal checking accounts that have no minimum daily balance and no monthly service charges. The account comes with free online banking and 24 hour telephone banking. There is a minimum of a $100 deposit to open an account.

Related Links:
www.crescentstatebank.com
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News Facts:

• Michael G. 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 host a root beer float social at the Apex office on Wednesday, June 18 and the Holly Springs office on Wednesday, June 25 from 11 a.m. to 2 p.m. in their respective lobbies.
• A free box of checks will be given to anyone who opens a Freedom checking account the day of the socials.
• Everyone in the community is encouraged to attend.
• Freedom checking accounts are flexible and convenient personal checking accounts that have no minimum daily balance and no monthly service charges.
• The account comes with free online banking and 24 hour telephone banking.
• There is a minimum of a $100 deposit to open an account.

Quotes:
"We are excited to host a root beer social with members of the community," said Carlton. "This gives us an opportunity to meet local business owners and people that bank with us regularly in a fun environment."

About Crescent State Bank:
Crescent State Bank is a wholly owned subsidiary of Crescent Financial Corporation. The bank has total assets of $881.1 million, deposits of $653.2 million, and net loans of $702.1 million as of March 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 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 repo.

Keywords:
Crescent State Bank, Crescent Financial Corporation, Global NASDAQ, Michael G. Carlton, North Carolina Banks, Triangle Banks, Community Banks, North Carolina Bank Loans, Real Estate Bank Loans, Freedom Checking Account, Root Beer Float Social, Apex, Holly Springs

Patty Briguglio
MMI Associates, Inc.
(919) 233-6600
patty@mmimarketing.com
PR Firms Raleigh, NC

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