Crescent State Bank Security Director Discusses Fighting Fraud Seminar And Shred-a-thon Event

Released on: October 14, 2008, 7:04 am

Press Release Author: MMI ASSOCIATES, INC.

Industry: Financial

Press Release Summary: Jo Sorbi Details First Event In Centsibility Series

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 Market SM), has announced the release of an audio podcast
discussing Fighting Fraud, the first event in Crescent State Bank's Centsibility
Series. In the podcast, Jo Sorbi, security director for the bank, describes what
attendees can expect from Fighting Fraud, an event designed to educate the community
on the dangers of identity theft. Sorbi provides a list of sensitive material
attendees should bring to shred in addition to an overview of future events
scheduled for the Centsibility Series.

Fighting Fraud will take place on Thursday, Oct. 16 from 4 to 7 p.m. at the Cary
Chamber of Commerce, located at 307 N. Academy St. This community event will focus
on the importance of discarding personal documents and sensitive material properly.
The event will include a Shred-a-thon and Fighting Fraud Seminar, featuring a panel
of fraud experts. The Centsibility Series, not just for clients, is designed to
educate seniors, families, and business owners on a variety of financial topics such
as identity theft and fraud.

The podcast is available for download at
http://www.mmimarketing.com/files/josorbifightingfraud.mp3.

Related Links:
www.crescentstatebank.com
www.crescentstatebank.com/centsibility
www.mmimarketing.com

News Facts:
# Michael G. Carlton, president of Crescent State Bank (www.crescentstatebank.com),
a wholly owned subsidiary of Crescent Financial Corporation (NASDAQ Global Market
SM), has announced the release of an audio podcast discussing Fighting Fraud, the
first event in Crescent State Bank's Centsibility Series.
# In the podcast, Jo Sorbi, security director for the bank, describes what attendees
can expect from Fighting Fraud, an event designed to educate the community on the
dangers of identity theft.
# Sorbi provides a list of sensitive material attendees should bring to shred in
addition to an overview of future events scheduled for the Centsibility Series.
# Fighting Fraud will take place on Thursday, Oct. 16 from 4 to 7 p.m. at the Cary
Chamber of Commerce, located at 307 N. Academy St.
# This community event will focus on the importance of discarding personal documents
and sensitive material properly. The event will include a Shred-a-thon and Fighting
Fraud Seminar, featuring a panel of fraud experts.
# The Centsibility Series, not just for clients, is designed to educate seniors,
families, and business owners on a variety of financial topics such as identity
theft and fraud.
# The podcast is available for download at
http://www.mmimarketing.com/files/josorbifightingfraud.mp3.

Quotes:
"I am pleased to announce the formal release of Crescent State Bank's podcast on
Fighting Fraud," said Carlton. "This event will educate the community on beating
identity theft and serve as a positive start to our Centsibility Series."

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 Corporation, Michael G. Carlton, NASDAQ
Global MarketSM, , Jo Sorbi, Security Director, Fighting Fraud, Centsibility Series,
Cary Chamber of Commerce

(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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