Lee Riggsbee of Crescent State Bank Named Chairman of United Way of Moore County
Cary, NC, March 07, 2009 --(PR.com)-- Michael G. Carlton, president of Crescent State Bank, a wholly owned subsidiary of Crescent Financial Corporation (NASDAQ Global MarketSM), has announced that Lee Riggsbee, vice president and commercial loan officer for the bank’s Southern Pines branch, has been named chairman of the Moore County chapter of United Way board of directors. Riggsbee has been on the organization’s board for four years.
The United Way leads the nation in community solutions by investing and activating the resources to make the greatest possible impact in communities across America. The United Way movement includes more than 1,000 community-based United Way organizations. Each organization is independent, separately incorporated and governed by local volunteers. For more information, visit www.unitedway.org.
“We are pleased to see Lee named chairman of the United Way of Moore County’s board of directors,” said Carlton. “Lee’s dedication to the community inspires us all and acts as a reminder of how important it is to give back to the communities we serve.”
About Crescent State Bank:
Crescent State Bank is a wholly owned subsidiary of Crescent Financial Corporation. The bank has total assets of $968.3 million, deposits of $714.9 million, and net loans of $772.8 million as of Dec. 31, 2008. The bank operates 13 full-service banking offices in the communities of Cary (2), Apex, Clayton, Garner, Holly Springs, Sanford, Southern Pines, Pinehurst, Raleigh, Knightdale and Wilmington (2), North Carolina. For more information, visit www.crescentstatebank.com.
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Information in this press release contains "forward-looking statements." 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
patty@mmimarketing.com
PR Firms Raleigh NC
The United Way leads the nation in community solutions by investing and activating the resources to make the greatest possible impact in communities across America. The United Way movement includes more than 1,000 community-based United Way organizations. Each organization is independent, separately incorporated and governed by local volunteers. For more information, visit www.unitedway.org.
“We are pleased to see Lee named chairman of the United Way of Moore County’s board of directors,” said Carlton. “Lee’s dedication to the community inspires us all and acts as a reminder of how important it is to give back to the communities we serve.”
About Crescent State Bank:
Crescent State Bank is a wholly owned subsidiary of Crescent Financial Corporation. The bank has total assets of $968.3 million, deposits of $714.9 million, and net loans of $772.8 million as of Dec. 31, 2008. The bank operates 13 full-service banking offices in the communities of Cary (2), Apex, Clayton, Garner, Holly Springs, Sanford, Southern Pines, Pinehurst, Raleigh, Knightdale and Wilmington (2), North Carolina. For more information, visit www.crescentstatebank.com.
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Information in this press release contains "forward-looking statements." 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
patty@mmimarketing.com
PR Firms Raleigh NC
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Crescent State Bank
Patty Briguglio
919-233-6600
www.mmimarketing.com
Patty Briguglio
919-233-6600
www.mmimarketing.com
Contact
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