Crescent State Bank Names City Executive for Holly Springs Office
Kenneth Meyer Chosen to Lead Community Bank Office
Holly Springs, NC, January 12, 2007 --(PR.com)-- Michael G. Carlton, president of Crescent State Bank, a wholly owned subsidiary of Crescent Financial Corporation, (NASDAQ Global MarketSM), has announced that Kenneth Meyer has been selected to lead the bank’s Holly Springs office. In this position, Meyer is responsible for development of the bank’s presence in the Holly Springs market, operations of the bank’s Holly Springs office and future growth of the office, as well as overseeing staff activities.
Meyer has 10 years of banking experience and earned a Bachelor of Arts in economics from Hampden-Sydney College in Virginia. He is a member of the Holly Springs Rotary Club, treasurer and chair elect for the Holly Springs Chamber of Commerce, and a member of the finance committee of Wake Chapel Church. A native of Chesterfield County, Va., Meyer resides in Fuquay-Varina with his wife, Beth, daughter, Elli, and son, Davis.
“As a Crescent State Bank executive, Kenneth will have a major impact on our success and growth in Holly Springs,” said Carlton. “His banking expertise, combined with his understanding of our organization’s community values, will help our bank succeed in its growth plans.”
About Kenneth Meyer:
Kenneth Meyer is city executive of the Holly Springs office for Crescent State Bank. He has 10 years experience in the banking industry and earned a Bachelor of Arts in economics from Hampden-Sydney College in Virginia. He is a member of the Holly Springs Rotary Club, treasurer and chair elect for the Holly Springs Chamber of Commerce, and a member of the finance committee of Wake Chapel Church. A native of Chesterfield County, Va., he resides in Fuquay-Varina with his wife, Beth, daughter, Elli, and son, Davis.
About Crescent Financial Corporation:
Crescent Financial Corporation is the bank holding company for Crescent State Bank in Cary, North Carolina and Port City Capital Bank in Wilmington, North Carolina. The Company has total assets of approximately $684 million, deposits of approximately $540 million, and loans of $519 million as of September 30, 2006, with eleven full service banking offices in the communities of Cary (2), Apex, Clayton, Garner, Holly Springs, Sanford, Southern Pines, Pinehurst, Raleigh and Wilmington, North Carolina.
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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.
Media Contacts:
Patty Briguglio
MMI Associates, Inc.
(919) 233-6600
fax (919) 233-0300
patty@mmimarketing.com
Nicole Bucalo
MMI Associates
919-233-6600
(fax) 919-233-0300
nicole@mmimarketing.com
Meyer has 10 years of banking experience and earned a Bachelor of Arts in economics from Hampden-Sydney College in Virginia. He is a member of the Holly Springs Rotary Club, treasurer and chair elect for the Holly Springs Chamber of Commerce, and a member of the finance committee of Wake Chapel Church. A native of Chesterfield County, Va., Meyer resides in Fuquay-Varina with his wife, Beth, daughter, Elli, and son, Davis.
“As a Crescent State Bank executive, Kenneth will have a major impact on our success and growth in Holly Springs,” said Carlton. “His banking expertise, combined with his understanding of our organization’s community values, will help our bank succeed in its growth plans.”
About Kenneth Meyer:
Kenneth Meyer is city executive of the Holly Springs office for Crescent State Bank. He has 10 years experience in the banking industry and earned a Bachelor of Arts in economics from Hampden-Sydney College in Virginia. He is a member of the Holly Springs Rotary Club, treasurer and chair elect for the Holly Springs Chamber of Commerce, and a member of the finance committee of Wake Chapel Church. A native of Chesterfield County, Va., he resides in Fuquay-Varina with his wife, Beth, daughter, Elli, and son, Davis.
About Crescent Financial Corporation:
Crescent Financial Corporation is the bank holding company for Crescent State Bank in Cary, North Carolina and Port City Capital Bank in Wilmington, North Carolina. The Company has total assets of approximately $684 million, deposits of approximately $540 million, and loans of $519 million as of September 30, 2006, with eleven full service banking offices in the communities of Cary (2), Apex, Clayton, Garner, Holly Springs, Sanford, Southern Pines, Pinehurst, Raleigh and Wilmington, North Carolina.
###
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.
Media Contacts:
Patty Briguglio
MMI Associates, Inc.
(919) 233-6600
fax (919) 233-0300
patty@mmimarketing.com
Nicole Bucalo
MMI Associates
919-233-6600
(fax) 919-233-0300
nicole@mmimarketing.com
Contact
Crescent State Bank
Patty Briguglio
919-233-6600
www.mmimarketing.com
Patty Briguglio
919-233-6600
www.mmimarketing.com
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