Released on: October 9, 2008, 8:10 am

Press Release Author: MMI ASSOCIATES, INC.

Industry: Financial

Press Release Summary: Community Bank To Host Local Fraud Experts

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 the panel members for the
Fighting Fraud Seminar on Thursday, Oct. 16 from 4:30 to 7 p.m. at the Cary Chamber
of Commerce, will include Crescent State Bank Security Director Jo Sorbi, David
Kirkman of the North Carolina Attorney General's Office, Sheila Ogle, local fraud
victim and CEO of MRPP, Inc., as well as a representative from the Cary Police
Department.

The seminar is a part of the first event in Crescent State Bank's Centsibility
Series. The 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. This community event will focus on the importance of discarding
personal documents and sensitive material properly. The event will also include a
Shred-a-thon with a shredding truck on site from 4 to 5:30 p.m. The seminar will
run from 5:30 to 7 p.m. and will feature tips for beating fraud from the panel of
local experts. For more information on this event and the Centsibility Series,
visit www.crescentstatebank.com/centsibility.

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
MarketSM), has announced that the panel members for the Fighting Fraud Seminar on
Thursday, Oct. 16 from 4:30 to 7 p.m. at the Cary Chamber of Commerce, will include
Crescent State Bank security director Jo Sorbi, David Kirkman of the North Carolina
Attorney General's Office, Sheila Ogle, local fraud victim and CEO of MRPP, Inc., as
well as a representative from the Cary Police Department.
# The seminar is a part of the first event in Crescent State Bank's Centsibility
Series. The 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 event will also include a Shred-a-thon with a shredding truck on site from 4
to 5:30 p.m. The seminar will run from 5:30 to 7 p.m. and feature tips for beating
fraud from the panel of local experts. For more information on this event and the
Centsibility Series, visit www.crescentstatebank.com/centsibility.

Quotes:
"Each of these panel members will provide useful information on how community
members can protects themselves against fraud," said Carlton. "Their experiences
should illustrate the importance of taking precautionary measures to avoid identity
theft."

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 Corporation, Michael G. Carlton, NASDAQ
Global MarketSM, , Centsibility Series, Fighting Fraud, Jo Sorbi, Security Director,
David Kirkman, North Carolina Attorney General's Office, Sheila Ogle, MRPP, Inc.,
Cary Police Department, fraud, shredding, community event

(end)

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