Crescent State Bank Announces New Members of Cary Junior Bank Board

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Company Overview Contact Info & Offices Press Releases Crescent State Bank Press Release Receive press releases from Crescent State Bank: By Email RSS Feeds: Crescent State Bank Announces New Members of Cary Junior Bank Board First Meeting of 2006-2007 School Year to be Held on Sept. 19 Cary, NC, October 13, 2006 --( Opal Carleton Hilliary Chiang (secretary) Akansha Kanodia Tam Le Merritt Mocock Audrey Nestianu Sarah Rosenbaum Cameron Saunders Jacqueline “Jackie” Scott (chair) Chris Servidio Sara Spillane Kristin Szafranksi (treasurer) Steven Thomason William Thomason Brian Wu “We are pleased to welcome all our new bank board members, as well as those who are returning,” said Carlton." 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. 7406-H Chapel Hill Road Raleigh, NC 27607 (919) 233-6600 • (919) 233-0300 (fax) patty@mmimarketing.com Cary, NC, October 13, 2006 --( PR.com )-- Michael G. Carlton, president of Crescent State Bank, a wholly owned subsidiary of Crescent Financial Corporation, (NASDAQ Global MarketSM), has announced the new members of the Cary Junior Bank Board.These members, who will hold their first meeting of the 2006-2007 school year on Tuesday, Sept. 19 at 3 p.m. in the board room at Crescent State Bank corporate headquarters at 1005 High House Road in Cary, include:Opal CarletonHilliary Chiang (secretary)Akansha KanodiaTam LeMerritt MocockAudrey NestianuSarah RosenbaumCameron SaundersJacqueline “Jackie” Scott (chair)Chris ServidioSara SpillaneKristin Szafranksi (treasurer)Steven ThomasonWilliam ThomasonBrian Wu“We are pleased to welcome all our new bank board members, as well as those who are returning,” said Carlton." 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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