Crescent State Bank Names Commercial Loan Officer

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A native of Hallsboro, N.C., she resides in Lake Waccamaw, N.C. "Nikki brings an exceptional range of abilities to Crescent State Bank," Carlton said." 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.Patty Briguglio MMI Associates, Inc. (919) 233-6600 patty@mmimarketing.com PR Firms Raleigh, NC Raleigh, NC, July 12, 2008 --( PR.com )-- Michael G. Carlton, president of Crescent State Bank (www.crescentstatebank.com), a wholly owned subsidiary of Crescent Financial Corporation, (NASDAQ Global Market SM), has announced that Nikki Clemmons has been named commercial loan officer for the bank’s Wilmington office.A native of Hallsboro, N.C., she resides in Lake Waccamaw, N.C."Nikki brings an exceptional range of abilities to Crescent State Bank," Carlton said." 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.

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