Crescent State Bank Announces Apex Branch 2004 Advisory Board

Crescent State Bank, the wholly owned subsidiary of Crescent Financial Corporation, (Nasdaq SmallCap CRFN) has announced the members of the 2004 Advisory Board for their Apex branch.

(PRWEB) April 11, 2004--Apex, NC -- Crescent State Bank, the wholly owned subsidiary of Crescent Financial Corporation, (Nasdaq SmallCap CRFN) has announced the members of the 2004 Advisory Board for their Apex branch. Seven area leaders were re-elected for the 4th consecutive year to assist the bank in serving the needs of the Apex community including:

Chair Randy Walker, Timberline Builders

Chair-Elect Dr. Kevin Atkins, DDS

Board Member John Christenberry, Apex Accounting

Board Member George McDonald, Apex Hardware and Supply Company

Board Member Andy Clark, Clark Pavement Marking Inc.

Board Member Staley Smith, Smith & Smith Surveyors, PA

Board Member Charlie Holland, Hollands Jewelers

We are honored to have such fine representation of community leaders on the Apex Advisory Board. We believe these individuals will prove to be a valuable asset to the bank and the community we serve," said Bruce Lawson, City Executive of Apex.

Crescent State Bank is a wholly owned subsidiary of Crescent Financial Corporation. The Bank was opened in December 1998 to serve the financial needs of the communities it serves. The bank has total assets of approximately $274 million and deposits of approximately $219 million, with seven full service banking offices in the communities of Cary (2), Apex, Clayton, Holly Springs, Southern Pines, and Pinehurst, North Carolina. The bank also has a loan production office in Sanford, NC.

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Investors can access additional corporate information, product descriptions, and online services through the Banks website at 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 Corporations 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.

Patty Briguglio

MMI Associates, Inc.

North Carolina:

122 Ravenna Way, Suite 100

Cary, NC 27513

919/ 461-3831

Arizona:

7150 N. 16th Street, Suite 100

Phoenix, AZ 85020

602/ 430-4421