Crescent
State Bank Opens New Operations Center
Released on
= September 1, 2005, 6:23 am
Press Release
Author = MMI Associates, Inc.
Industry = Small
Business
Press Release
Summary = Crescent State Bank, the wholly owned subsidiary of Crescent
Financial Corporation (Nasdaq Small Cap CRFN), has announced that
the organization has opened a new operations center located at 206
High House Road in Cary
Press Release
Body = MMI Associates, Inc.
7406-H Chapel Hill Road
Raleigh, NC 27607
(919) 233-6600 • (919) 233-0300 (fax)
patty@mmimarketing.com
For Immediate
Release
Contact: Patty Briguglio (919) 233-6600
Crescent State
Bank Opens New Operations Center
Local Community Bank Expands Operations
Cary, NC –
Crescent State Bank, the wholly owned subsidiary of Crescent Financial
Corporation (Nasdaq Small Cap CRFN), has announced that the organization
has opened a new operations center located at 206 High House Road
in Cary. The center will consolidate the firm’s loan administration,
accounting and security and compliance
into one facility.
“Crescent State Bank is pleased to have this opportunity to
expand our operations in the Cary community, ” said Michael
G. Carlton, President of Crescent State Bank. “By centralizing
our operations we will be able to accommodate our continued growth.
The new operations center will permit us to continue to serve our
customers with efficiency and effectiveness.”
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 $393 million, deposits of approximately $323 million,
and loans of $297million as of June 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.
(end)
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:
Patty Briguglio
MMI Associates, Inc.
919-233-6600
patty@mmimarketing.com
Web Site = http://
Contact Details
= MMI Associates, Inc.
7406-H Chapel Hill Road
Raleigh, NC 27607
(919) 233-6600 • (919) 233-0300 (fax)
patty@mmimarketing.com
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