Kevin Dail Honored For Contributions To Local Boy Scouts

MMI Associates, Inc.
7406-H Chapel Hill Road
Raleigh, NC 27607
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For Immediate Release
Contact: Patty Briguglio
(919) 233-6600

Kevin Dail Honored For Contributions To Local Boy Scouts
Crescent State Bank Community Banker Receives Scouting Award

Holly Springs, NC – Kevin Dail, Community Banker at Crescent State Bank’s Cary location, received the 2005 Crosswinds District Friends of Scouting Award. During its 2005 Friends of Scouting Campaign Kickoff breakfast, the Occoneechee Council honored Dail for his contributions to the local Boy Scouts in Cary, Apex, and Morrisville. Dail, a Cary native and Campbell University graduate, is active in a number of civic and charitable organizations in the community including: Cary Rotary Club, Cary Chamber of Commerce, Habitat for Humanity, and Salvation Army.

“I am honored to be recognized by an organization that I so highly respect,” said Dail. “All the contributions that I make today cannot even begin to repay the Scouts for what they gave me growing up.”

About Boy Scouts of America:
The Boy Scouts of America organization, incorporated on February 8, 1910, and chartered by Congress in 1916, provides an educational program for boys and young adults to build character, to train in the responsibilities of participating citizenship, and to develop personal fitness. The mission of the Boy Scouts of America is to prepare young people to make ethical and moral choices throughout their lives by instilling in them the values of the Scout Oath and Law. A council is defined as an administrative body chartered to be responsible for Scouting in a designated geographic territory. The national council charters about 400 local councils, including the Occoneechee Council, across the United States. For more information, please visit the website at http://www.campdurant.com.

About Crescent State Bank:
Crescent State Bank is a wholly owned subsidiary of Crescent Financial Corporation. The Bank was opened in December 1998 to serve the financial needs of the communities it serves. The bank has total assets of approximately $354 million, deposits of approximately $285 million, and loans of $278 million as of March 31, 2005, with nine full service banking offices in the communities of Cary (2), Apex, Clayton, Garner, Holly Springs, Sanford, Southern Pines, and Pinehurst, North Carolina.

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Investors can access additional corporate information, product descriptions, and online services through the Bank’s website at http://www.crescentstatebank.com.

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 and Press Contacts:
Patty Briguglio
MMI Associates, Inc.
919-233-6600
Patty@mmimarketing.com