Crescent State Bank Hosts Apex Art Showcase

The Apex Branch of Crescent State Bank, the wholly owned subsidiary of Crescent Financial Corporation (Nasdaq SmallCap CRFN), will host a reception April 15th from 3 -- 5:00 p.m. to showcase the work of budding young artists from AV Baucom Elementary School.

Apex, NC (PRWEB) April 3, 2004 --The Apex Branch of Crescent State Bank, the wholly owned subsidiary of Crescent Financial Corporation (Nasdaq SmallCap CRFN), will host a reception April 15th from 3 -- 5:00 p.m. to showcase the work of budding young artists from AV Baucom Elementary School. During the reception Crescent State Bank officials, parents, students, teachers, and guests will enjoy refreshments while browsing through the lobby to view the remarkable artwork from these local youngsters. The show will be on display from March 22nd to April 16th at the Apex Branch.

I am excited about the opportunity Crescent State Bank has to bring the community together to spotlight young artists and encourage their talents," said Bruce Lawson, 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 $269 million and deposits of approximately $222 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.
patty@mmimarketing.com

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