Vice President Of Crescent State Bank Named To United Way Board
Summary
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." 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.Contact: MMI Associates, Inc. 7406-H Chapel Hill Road Raleigh, NC 27607 (919) 233-6600 • (919) 233-0300 (fax) patty@mmimarketing.com Southern Pines, NC, October 26, 2005 --( PR.com )-- Crescent State Bank, the wholly owned subsidiary of Crescent Financial Corporation, (NASDAQ SmallCap CRFN) has announced that Lee Rigsbee, Vice President and Commercial Loan Officer for the Southern Pines office of Crescent State Bank, has been elected to the Board of Directors for the United Way of Moore 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.