Julie Clark Named To Community Relations Committee Of Wake County Board Of Education

PRLog (Press Release) – Oct 25, 2007 – CARY, N.C. – Michael G. Carlton, president of Crescent State Bank, a wholly owned subsidiary of Crescent Financial Corporation, (NASDAQ Global MarketSM), has announced that Julie Clark, senior community banker at the Garner branch, has been named to the 2007-08 Community Relations Committee of the Wake County Board of Education as a representative of Garner. Clark is one of two Community Relations representatives selected by Horace Tart, who represents Garner, Fuquay-Varina and parts of Holly Springs on the Wake County Board of Education.

Clark, who is very active in the community with a focus on education, was named Volunteer of the Year by the Garner Chamber of Commerce. She is currently serving her second term as both chair of the Garner Business Alliance and as the Education Committee chair for the Garner Chamber.

Related Links:
www.crescentstatebank.com
www.wcpss.net
www.garnerchamber.com
www.mmimarketing.com

News Facts:

•   Julie Clark, senior community banker at the Garner branch, has been named to the 2007-08 Community Relations Committee of the Wake County Board of Education as a representative of Garner.
•   Clark is one of two Community Relations representatives selected by Horace Tart, who represents Garner, Fuquay-Varina and parts of Holly Springs on the Wake County Board of Education.
•   Clark, who is very active in the community with a focus on education, was named Volunteer of the Year by the Garner Chamber of Commerce.
•   She is currently serving her second term as both chair of the Garner Business Alliance and as the Education Committee chair for the Garner Chamber.

Quotes:
“We congratulate Julie on her selection to the Community Relations Committee of the Wake County Board of Education,” said Carlton. “Her devotion to volunteer work and education will be an asset to the Board of Education.”

About Crescent State Bank:
Crescent State Bank is a wholly owned subsidiary of Crescent Financial Corporation. The bank has total assets of $814 million, deposits of $596 million, and net loans of $643 million as of September 30, 2007. The bank operates eleven full service banking offices in the communities of Cary (2), Apex, Clayton, Garner, Holly Springs, Sanford, Southern Pines, Pinehurst, Raleigh and Wilmington, 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, Mike 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., 2007-08 Community Relations Committee, Wake County Board of Education, Garner Chamber of Commerce, Garner Business Alliance, Julie Clark

Patty Briguglio
MMI Associates, Inc.
919-233-6600
patty@mmimarketing.com
PR Firms Raleigh, NC

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