Crescent State Bank Opens New Garner Office

GARNER, N.C. – Michael G. Carlton, president of Crescent State Bank, a wholly owned subsidiary of Crescent Financial Corporation (NASDAQ Global MarketSM), has announced the grand opening of the bank’s relocated Garner office at 945 Vandora Springs Road. The ribbon cutting ceremony, held on Dec. 11, was attended by Crescent executives, Garner Chamber of Commerce members, as well as dignitaries and elected officials from the Town of Garner. The Garner office, which has been in business since 2005, was formerly located at 574 Village Court.

The office is led by branch operations manager Lisa Terwilliger and community bankers Julie Clark and Justin Holladay.

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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.