August 8, 2005 (Press Release) --
MMI Associates, Inc.
7406-H Chapel Hill Road
Raleigh, NC 27607
(919) 233-6600 • (919) 233-0300 (fax)
patty@mmimarketing.com
For Immediate Release Contact: Patty Briguglio (919) 233-6600
Kevin Dail Honored For Contributions To Local Boy Scouts
Crescent State Bank Community Banker Receives Scouting Award
Holly Springs, NC – Kevin Dail, Community Banker at Crescent State Bank’s Cary location, received the 2005 Crosswinds District Friends of Scouting Award. During its 2005 Friends of Scouting Campaign Kickoff breakfast, the Occoneechee Council honored Dail for his contributions to the local Boy Scouts in Cary, Apex, and Morrisville. Dail, a Cary native and Campbell University graduate, is active in a number of civic and charitable organizations in the community including: Cary Rotary Club, Cary Chamber of Commerce, Habitat for Humanity, and Salvation Army.
“I am honored to be recognized by an organization that I so highly respect,” said Dail. “All the contributions that I make today cannot even begin to repay the Scouts for what they gave me growing up.”
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 Bank’s 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 Corporation’s 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
Patty@mmimarketing.com
7406-H Chapel Hill Road
Raleigh, NC 27607
(919) 233-6600 • (919) 233-0300 (fax)
patty@mmimarketing.com
For Immediate Release Contact: Patty Briguglio (919) 233-6600
Kevin Dail Honored For Contributions To Local Boy Scouts
Crescent State Bank Community Banker Receives Scouting Award
Holly Springs, NC – Kevin Dail, Community Banker at Crescent State Bank’s Cary location, received the 2005 Crosswinds District Friends of Scouting Award. During its 2005 Friends of Scouting Campaign Kickoff breakfast, the Occoneechee Council honored Dail for his contributions to the local Boy Scouts in Cary, Apex, and Morrisville. Dail, a Cary native and Campbell University graduate, is active in a number of civic and charitable organizations in the community including: Cary Rotary Club, Cary Chamber of Commerce, Habitat for Humanity, and Salvation Army.
“I am honored to be recognized by an organization that I so highly respect,” said Dail. “All the contributions that I make today cannot even begin to repay the Scouts for what they gave me growing up.”
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.
(end)
Investors can access additional corporate information, product descriptions, and online services through the Bank’s 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 Corporation’s 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
Patty@mmimarketing.com

Kevin Dail, Community Banker at Crescent State Bank’s Cary location, received the 2005 Crosswinds District Friends of Scouting Award.
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