Crescent State Bank Opens Knightdale Office

KNIGHTDALE, 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 new Knightdale office located at 7120 Knightdale Blvd. The ribbon cutting ceremony was held Dec. 13 and was attended by bank executives, Knightdale Chamber of Commerce members, as well as dignitaries and elected officials from the Town of Knightdale.

The new office enables the bank to expand its services into the Knightdale market and increase its total number of offices to 12. The Knightdale office is led by city executive Michael Ray and branch operations manager Candita Parker.

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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.