Crescent State Bank Opens 15th Location
Cary, NC, June 06, 2009 --(PR.com)-- Michael G. Carlton, president of Crescent State Bank (www.crescentstatebank.com), a wholly owned subsidiary of Crescent Financial Corporation, (NASDAQ Global MarketSM), has announced that the bank has opened its 15th office, located at 4711 Six Forks Road in Raleigh.
This is the bank’s second new office to open this year and the third office in the Raleigh community, which increases Crescent’s total number of offices to 15 and enables the bank to expand its presence in the Raleigh market. The Six Forks location is a full-service office that offers all financial services including mortgage, commercial banking and investment. The new location employs 20 people, including six new hires. A grand opening event will be announced in June. For more information, visit www.crescentstatebank.com.
“Crescent State Bank is pleased to announce the opening of our second new office this year,” said Carlton. “We are confident that a third full-service location in the Raleigh market will provide our customers with even more convenient opportunities for banking service.”
About Crescent State Bank:
Crescent State Bank is a wholly owned subsidiary of Crescent Financial Corporation. The bank has total assets of $1.1 billion, deposits of $731.6 million, and net loans of $773.8 million as of March 31, 2009. The bank operates 15 full-service banking offices in the communities of Cary (2), Apex, Clayton, Garner, Holly Springs, Sanford, Southern Pines, Pinehurst, Raleigh (3), 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
This is the bank’s second new office to open this year and the third office in the Raleigh community, which increases Crescent’s total number of offices to 15 and enables the bank to expand its presence in the Raleigh market. The Six Forks location is a full-service office that offers all financial services including mortgage, commercial banking and investment. The new location employs 20 people, including six new hires. A grand opening event will be announced in June. For more information, visit www.crescentstatebank.com.
“Crescent State Bank is pleased to announce the opening of our second new office this year,” said Carlton. “We are confident that a third full-service location in the Raleigh market will provide our customers with even more convenient opportunities for banking service.”
About Crescent State Bank:
Crescent State Bank is a wholly owned subsidiary of Crescent Financial Corporation. The bank has total assets of $1.1 billion, deposits of $731.6 million, and net loans of $773.8 million as of March 31, 2009. The bank operates 15 full-service banking offices in the communities of Cary (2), Apex, Clayton, Garner, Holly Springs, Sanford, Southern Pines, Pinehurst, Raleigh (3), 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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