Crescent State Banks Laura E. Edwards Appointed To Serve As Apex Chamber Of Commerce Ambassador

Crescent State Bank, the wholly owned subsidiary of Crescent Financial Corporation, (Nasdaq SmallCap CRFN) has announced that Laura E. Edwards will serve as a member of the Apex Chamber of Commerces Ambassadors Club.

Apex, NC (PRWEB) March 20, 2004 --Crescent State Bank, the wholly owned subsidiary of Crescent Financial Corporation, (Nasdaq SmallCap CRFN) has announced that Laura E. Edwards will serve as a member of the Apex Chamber of Commerces Ambassadors Club. She was recently appointed as a Community Banker for the Apex Branch located at 303 South Salem Street. In this position, Edwards will represent the Apex Chamber of Commerce at business functions and act as a liaison between the Chamber and its members.

I am delighted to have the opportunity to represent Crescent State Bank and the Apex Chamber as Ambassador. This is a wonderful chance to come together with other members of the community and reach out to new businesses, build membership, and raise funding for the Chamber," said Edwards.

Crescent State Bank has a reputation for placing experienced and capable bankers in the communities we serve who are empowered to make decisions face-to-face with the customer. Laura Edwards brings a range of experience and service to the bank and we are pleased to continue our commitment to building loyal, long term financial relationships with the Apex community," said Bruce Lawson, Apex City Executive.

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.

Contact: Patty Briguglio (919) 461-3831

MMI Associates, Inc.
122 Ravenna Way, Suite 100
Cary, NC 27513
(919) 461-3831 • (919) 462-8289 (fax)
patty@mmimarketing.com