Sanford, NC (PRWEB) February 3, 2005
Crescent State Bank, the wholly owned subsidiary of Crescent Financial Corporation (Nasdaq SmallCap CRFN), has announced that the Sanford office will host a groundbreaking ceremony on February 2nd at 10:00 a.m. for the organizationÂs new Sanford office at 870 Spring Lane in Sanford. The ceremony will include remarks from Sanford community leaders. Also expected to be present are Mike Carlton, President of Crescent State Bank, members of the Crescent State Bank Board of Directors, Advisory Boards, and the other bank officers from each town.
ÂSanford is a vibrant and growing community and we are honored to be a part of the economic development and successful growth of this community. Our philosophy is to offer superior customer service and state-of-the-art technology to give our valued customers the conveniences of a large bank with the friendly, personal attention you expect from a community bank,Â said Doug Gay, City Executive of Sanford.
About Crescent State Bank:
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 $331 million and deposits of approximately $274 million as of December 31, 2004, with nine full service banking offices in the communities of Cary (2), Apex, Clayton, Garner, Holly Springs, Sanford, Southern Pines, and Pinehurst, North Carolina.
Investors can access additional corporate information, product descriptions, and online services through the BankÂs website at http://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 CorporationÂs 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.
Media and Press Contacts:
MMI Associates, Inc.
7406-H Chapel Hill Road
Raleigh, NC 27607