Crescent State Bank Honors Two Cary High School Students

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" 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 reports.Patty Briguglio MMI Associates, Inc. (919) 233-6600 • (919) 233-0300 (fax) patty@mmimarketing.com 7406-H Chapel Hill Road Raleigh, NC 27607 Raleigh, NC, June 02, 2006 --( PR.com )-- Michael G. Carlton, president of Crescent State Bank, a wholly-owned subsidiary of Crescent Financial Corporation, (NASDAQ National Market: CRFN), has announced that their bank’s Jr. Bank Board has awarded Elizabeth Mize and Larissa Shorter, two graduating seniors from Cary High School, with $500 college scholarships." 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 reports.Patty BriguglioMMI Associates, Inc.(919) 233-6600 • (919) 233-0300 (fax)patty@mmimarketing.com7406-H Chapel Hill RoadRaleigh, NC 27607 Contact Information Crescent State Bank Patty Briguglio 919-233-6600 Click here to view the company profile of Crescent State Bank Click here to view the list of recent Press Releases from Crescent State Bank

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