Crescent State Bank`s Lewyn Hayes Named Fuquay Varina Rotary Club President

Released on: August 28, 2008, 8:46 am

Press Release Author: MMI Associates, Inc.

Industry: Financial

Press Release Summary: Holly Springs Assistant Vice President, Community Banker
Garners High Local Honor

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, (NASDAQ Global MarketSM), has announced that Lewyn Hayes, assistant
vice president, community banker, has been named the 2008-2009 president of The
Rotary Club of Fuquay-Varina. In this position, Hayes is responsible for recruiting
directors to oversee various committees, as well as carrying out the annual and
long-range goals of the club.

Founded in 1905, Rotary was the world's first volunteer service organization. Club
members are business and professional leaders who volunteer in their communities and
promote world understanding and peace.

Hayes is a Raleigh native with more than 11 years of retail banking experience. A
graduate of North Carolina Agricultural & Technical State University in Greensboro,
he lives in Raleigh with his wife Shonna and their three children.

Related Links:
www.crescentstatebank.com
www.russianfolk.com/fuquay-varina_rotary_club_international.html
www.mmimarketing.com


News Facts:
. Lewyn Hayes, assistant vice president, community banker, has been named the
2008-2009 president of The Rotary Club of Fuquay-Varina.
. In this position, Hayes is responsible for recruiting directors to oversee various
committees, as well as carrying out the annual and long-range goals of the club.
. Founded in 1905, Rotary was the world's first volunteer service organization.
. Club members are business and professional leaders who volunteer in their
communities and promote world understanding and peace.
. Hayes is a Raleigh native with more than 11 years of retail banking experience.
. A graduate of North Carolina Agricultural & Technical State University in
Greensboro, he lives in Raleigh with his wife Shonna and their three children.

Quotes:
"I am honored to be named president of The Rotary Club of Fuquay-Varina," said
Hayes. "The Rotary Club is a well-respected civic organization and I look forward
to continuing to serve our local communities."

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.

(end)

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., Lewyn Hayes, University of North Carolina A & T

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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