Crescent State Bank Opens Loan Production Office
Released on = October 5, 2005, 6:09 am
Press Release Author = MMI Associates, Inc.
Industry = Small Business
Press Release Summary = Michael G. Carlton, President of Crescent State Bank, a
wholly-owned subsidiary of Crescent Financial Corporation, (Nasdaq SmallCap CRFN),
has announced that the bank has opened a loan production office located at 4601 Six
Forks Road, Suite 126, in Raleigh
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 Loan Production Office
Community Bank Announces New Office In Raleigh
Raleigh, NC – Michael G. Carlton, President of Crescent State Bank, a wholly-owned
subsidiary of Crescent Financial Corporation, (Nasdaq SmallCap CRFN), has announced
that the bank has opened a loan production office located at 4601 Six Forks Road,
Suite 126, in Raleigh. The new office will act as a hub for commercial lending needs
in the Raleigh area.
“We’re excited to be opening a commercial lending office in Raleigh,” said Carlton.“While we have many customers in this community, this office improves our efficiency
in delivering quality services and products. The opening of a loan production office
is the first step toward further expansion in this great community.”
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, and a loan
production office in Raleigh.
(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 10KSB and its
other periodic reports.
Media and Press Contacts:
MMI Associates, Inc.
Patty Briguglio
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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