Released on: October 16, 2008, 8:19 am

Press Release Author: MMI ASSOCIATES, INC.

Industry: Financial

Press Release Summary: Sally Neuman To Lead Greater Raleigh Chamber Of Commerce
Business Expo

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 Sally Neuman, vice
president at the bank, has been named chair of the 2009 Raleigh Business Expo
presented by the Greater Raleigh Chamber of Commerce. The event is the largest
business-to-business trade show in the area and gives local businesses the
opportunity to network with others in their industry. Neuman will assist the
Chamber in strategic planning and setting the overall direction of the event.

Related Links:
www.crescentstatebank.com
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 vice president Sally Neuman has been named chair of
the 2009 Raleigh Business Expo presented by the Greater Raleigh Chamber of Commerce.
# The event is the largest business-to-business trade show in the area and gives
local businesses the opportunity to network with others in their industry.

Quotes:
"I am excited to lead this year's Chamber Business Expo," said Neuman. "This event
offers a number of opportunities for area businesses to connect and share ideas."

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, Global NASDAQ, Michael G. Carlton, Ray
Vaughn, Cary N.C., Garner, N.C., Apex, N.C., Clayton, N.C., Holly Springs, N.C.,
Sanford, N.C., Southern Pines, N.C., Pinehurst, N.C., Raleigh, N.C., Wilmington,
N.C., Knightdale, N.C., Sally Neuman, Greater Raleigh Chamber of Commerce, Chamber
Business Expo

(end)

Web Site: http://WWW.MMIMARKETING.COM

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