Rod Webb Joins Crescent State Bank
Summary
Prior to joining Crescent State Bank, Webb served as a Vice President and Client Manager.Webb is involved in several local civic and charitable programs including serving as a board member for Wake Education Partnership, Building Together Ministries, The National Jobs Partnership, and Self-Help Credit Union, as well as acting as a member of the Greater Triangle Area YMCA Finance Committee.The bank has total assets of approximately $393 million, deposits of approximately $323 million, and loans of $297million as of June 30, 2005, with nine full service banking offices in the communities of Cary (2), Apex, Clayton, Garner, Holly Springs, Sanford, Southern Pines, and Pinehurst, North Carolina.Media and Press Contacts: MMI Associates, Inc. Patty Briguglio (919) 233-6600 • (919) 233-0300 (fax) Patty@mmimarketing.com 7406-H Chapel Hill Road Raleigh, NC 27607 Raleigh, NC, October 13, 2005 --( PR.com )-- Michael G. Carlton, President of Crescent State Bank, the wholly owned subsidiary of Crescent Financial Corporation, (Nasdaq SmallCap CRFN), has named Rod Webb, Senior Vice President, as a Commercial Loan Officer responsible for business development in Raleigh and greater Wake County.The bank has total assets of approximately $393 million, deposits of approximately $323 million, and loans of $297million as of June 30, 2005, with nine full service banking offices in the communities of Cary (2), Apex, Clayton, Garner, Holly Springs, Sanford, Southern Pines, and Pinehurst, North Carolina.###Investors can access additional corporate information, product descriptions, and online services through the Bank’s website at http://www.crescentstatebank.com.Information in this press release contains "forward-looking statements.