Susan Campbell Joins Crescent State Bank

MMI Associates, Inc.
7406-H Chapel Hill Road
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patty@mmimarketing.com

For Immediate Release Contact: Patty Briguglio (919) 233-6600

Susan Campbell Joins Crescent State Bank
Local Bank Adds Community Banker To Sanford Office

Sanford, NC – Michael G. Carlton, President of Crescent State Bank, a wholly owned subsidiary of Crescent Financial Corporation, (Nasdaq National Market: CRFN), has named Susan Campbell as an Assistant Vice President and Community Banker at the Sanford office. Campbell has 26 years of experience in the banking industry and will be responsible primarily for consumer lending and small business lending and development.

"Susan has tremendous credentials in both the banking industry and the Sanford community,” said Carlton. “She will be a great benefit to Crescent State Bank.”

About Susan Campbell:
Susan Campbell attended Central Carolina Community College, is President-Elect of the Kiwanis Club of Lee County and active in Jonesboro United Methodist Church. Campbell resides in Sanford with her husband and two children.

About Crescent State Bank:
Crescent State Bank is a wholly owned subsidiary of Crescent Financial Corporation. The Bank opened in December 1998 to cater to the financial needs of the communities it serves. The bank has total assets of approximately $405 million, deposits of approximately $313 million, and loans of $318 million as of September 30, 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, and a loan production office in Raleigh.

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