Crescent State Bank’s Jeffrey Eddins Joins Knightdale’s Committee of 100

Raleigh, NC, June 20, 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 Jeffrey Eddins, community banker at the bank’s Knightdale location, has been selected to serve on Knightdale’s Committee of 100. The invitation-only committee promotes and supports schools in the Knightdale community and engages in grassroots advocacy for the children, staff and parents associated with the schools. In his role, Eddins will provide leadership and support for the general operations of the overall committee.

“We are pleased with Jeff’s involvement in Knightdale’s Committee of 100,” said Carlton. “Crescent State Bank is committed to serving the community, and Jeff is an excellent example as he is very involved in the Knightdale community.”

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