Crescent State Bank President And Chief Financial Officer To Speak At 13th Annual Community Bank Conference

Released on: August 14, 2008, 8:29 am

Press Release Author: MMI ASSOCIATES, INC.

Industry: Financial

Press Release Summary: Michael G. Carlton And Bruce Elder To Address Banking
Industry Leaders

Press Release Body: CARY, N.C. - Michael G. Carlton, president of Crescent State
Bank (www.crescentstatebank.com), a wholly owned subsidiary of Crescent Financial
Corporation, will address the 13th Annual Community Bank Conference in Chicago at
3:10 p.m. on Tuesday, Aug. 19. Carlton will provide an investor update on Crescent
Financial Corporation with Bruce Elder, chief financial officer of Crescent State
Bank. The presentation will be accessible "live" during the conference at
www.howebarnes.com. The conference, which runs August 19-20, is hosted by Howe
Barnes Hoefer & Arnett, Inc. and will be held in the Ritz-Carlton Chicago.

Related Links:
www.crescentstatebak.com
www.howebarnes.com
www.mmimarketing.com

News Facts:

. Michael G. Carlton, president of Crescent State Bank (www.crescentstatebank.com),
a wholly owned subsidiary of Crescent Financial Corporation, will address the 13th
Annual Community Bank Conference in Chicago at 3:10 p.m. on Tuesday, Aug. 19.
. Carlton will provide an investor update on Crescent Financial Corporation with
Bruce Elder, chief financial officer of Crescent State Bank.
. The presentation will be accessible "live" during the conference at
www.howebarnes.com.
. The conference, which runs August 19-20, is hosted by Howe Barnes Hoefer & Arnett,
Inc. and will be held in the Ritz-Carlton Chicago.

About Crescent State Bank:
Crescent State Bank is a wholly owned subsidiary of Crescent Financial Corporation.
The bank has total assets of $920.6 million, deposits of $653.7 million, and net
loans of $734.0 million as of June 30, 2008. The bank operates 13 full-service
banking offices in the communities of Cary (2), Apex, Clayton, Garner, Holly
Springs, Sanford, Southern Pines, Pinehurst, Raleigh, Knightdale and Wilmington (2),
North Carolina. For more information, visit www.crescentstatebank.com.

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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.

Keywords:
Crescent State Bank, Crescent Financial, Global NASDAQ, Michael G. Carlton, Ray
Vaughn, Cary N.C., Garner, N.C., Apex, N.C., Clayton, N.C., Holly Springs, N.C.,
Sanford, N.C., Southern Pines, N.C., Pinehurst, N.C., Raleigh, N.C., Wilmington,
N.C., Knightdale, N.C., Bruce Elder, 13th Annual Community Bank Conference,
Ritz-Carlton Chicago, Howe Barnes Hoefer & Arnett, Inc.

Patty Briguglio
MMI Associates, Inc.
(919) 233-6600
patty@mmimarketing.com
PR Firms Raleigh, NC

(end)

Web Site: http://WWW.MMIMARKETING.COM

Contact Details: Patty Briguglio
MMI Associates, Inc.
(919) 233-6600
patty@mmimarketing.com
PR Firms Raleigh, NC

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