Jonathan Taylor Honored For Contributions To Local Boy Scouts

Jonathan Taylor, City Executive at Crescent State Banks Cary location, has received the 2005 Crosswinds District Friends of Scouting Breakfast Award.

Cary, NC (PRWEB) July 10, 2005 -- Jonathan Taylor, City Executive at Crescent State Banks Cary location, has received the 2005 Crosswinds District Friends of Scouting Breakfast Award. Taylor chaired the 2005 Friends of Scouting Major Gifts Breakfast held Thursday, March 24th at Prestonwood Country Club in Cary. The Major Gifts Breakfast is one of the primary fundraisers of the Occoneechee Council of the Boy Scouts of America organization, which helps to fund camp improvements and endowments.

I am honored to be recognized by an organization that I so highly respect," said Taylor. The support this organization offers to young men is extremely valuable to their growth, and I am proud to be a part of that effort."

About Jonathan Taylor:
Jonathan Taylor, a native North Carolinian originally from Statesville, has 8 years of successful banking experience and received both his BS and MBA from Appalachian State University in Boone, North Carolina. As a Regional Executive of Crescent State Bank, Taylor directs all commercial and retail bank operations, manages the operations of the organizations offices, and oversees the activities of the commercial lenders. He is married and presently resides in Cary. Taylor is active in a number of local civic and community organizations, including: the Cary Chamber of Commerce, Cary MacGregor Rotary Club, Citizens Finance Committee for the Wake Board of Education, and a board member for the Banking and Finance Committee at Appalachian State University. As an active member of the Boy Scouts of America organization, Taylor earned his Eagle Scout recognition, the highest advancement rank in Scouting, in 1988 and was recognized for his skills in leadership, service, and outdoor activities.

About Boy Scouts of America:
The Boy Scouts of America organization, incorporated on February 8, 1910, and chartered by Congress in 1916, provides an educational program for boys and young adults to build character, to train in the responsibilities of participating citizenship, and to develop personal fitness. The mission of the Boy Scouts of America is to prepare young people to make ethical and moral choices throughout their lives by instilling in them the values of the Scout Oath and Law. A council is defined as an administrative body chartered to be responsible for Scouting in a designated geographic territory. The national council charters about 400 local councils, including the Occoneechee Council, across the United States. For more information, please visit the website at www.campdurant.com.

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 $354 million, deposits of approximately $285 million, and loans of $278 million as of March 31, 2005, with nine full service banking offices in the communities of Cary (2), Apex, Clayton, Garner, Holly Springs, Sanford, Southern Pines, and Pinehurst, North Carolina.
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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.

Media and Press Contacts:
Patty Briguglio
MMI Associates, Inc.
919-233-6600

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