Released on: September 18, 2008, 7:51 am

Press Release Author: MMI ASSOCIATES, INC.

Industry: Financial

Press Release Summary: Local Community Bank Announces 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 MarketSM), has announced that the bank will host
Fighting Fraud, the first event in the Centsibility Series, on Thursday, Oct. 16
from 4 to 7 p.m. at the Cary Chamber of Commerce, located at 307 N. Academy St. The
event will include a Shred-a-thon and Fighting Fraud Seminar, featuring a panel of
fraud experts.

This event is the first 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. There will be a shredding truck available from 4 to 5:30 p.m.
for those present to dispose of any items containing names, birthdates, and account
numbers. 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 bank will host Fighting Fraud, the first event in
the Centsibility Series, on Thursday, Oct. 16 from 4 to 7 p.m. at the Cary Chamber
of Commerce, located at 307 N. Academy St.
• The event will include Shred-a-thon and Fighting Fraud Seminar, featuring a panel
of fraud experts.
• Centsibililty 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.
• A shredding truck will be available from 4 to 5:30 p.m. to discard old documents
containing names, birthdates, and account numbers.
• For more information on the event and the Centsibility Series, visit
www.crescentstatebank.com/centsibility.

Quotes:
“We hope that this event will encourage people to protect themselves from identity
theft by discarding personal documents properly,” said Carlton. “This will be a
positive start to the 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.

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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, , Cary Chamber, Centsibility Series, Fighting Fraud

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Contact Details: Patty Briguglio
MMI Associates, Inc.
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