Crescent State Bank Sponsors 2009 Historically Black Colleges and Universities Softball Tournament
Cary, NC, June 13, 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 the bank’s sponsorship of the 2009 Triangle Historically Black Colleges and Universities Annual Alumni Coed Softball Tournament held on May 30 at the Parrish Womble Park located at 1201 Grigsby Ave. in Holly Springs, N.C.
The tournament was held to promote awareness of HBCUs in the Triangle area and promote fellowship among alumni. Participants had to be a graduate of one of the eight chapters participating which include Saint Augustine’s College, Elizabeth City State University, Winston-Salem State University, Shaw University, North Carolina A&T State University and North Carolina Central University.
“We are pleased to support the 2009 HBCU Alumni Softball Tournament,” said Carlton. “Building relationships is important to Crescent, and the tournament presents a great opportunity for HBCU alumni to maintain strong relationships.”
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 14 full-service banking offices in the communities of Cary (2), Apex, Clayton, Garner, Holly Springs, Sanford, Southern Pines, Pinehurst, Raleigh (2), 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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The tournament was held to promote awareness of HBCUs in the Triangle area and promote fellowship among alumni. Participants had to be a graduate of one of the eight chapters participating which include Saint Augustine’s College, Elizabeth City State University, Winston-Salem State University, Shaw University, North Carolina A&T State University and North Carolina Central University.
“We are pleased to support the 2009 HBCU Alumni Softball Tournament,” said Carlton. “Building relationships is important to Crescent, and the tournament presents a great opportunity for HBCU alumni to maintain strong relationships.”
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 14 full-service banking offices in the communities of Cary (2), Apex, Clayton, Garner, Holly Springs, Sanford, Southern Pines, Pinehurst, Raleigh (2), Knightdale and Wilmington (2), North Carolina. For more information, visit www.crescentstatebank.com.
(end)
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
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