Crescent Financial Corporation is the bank holding company for Crescent State Bank, with 12 full service branch offices in Cary, Apex, Clayton, Holly Springs, Pinehurst, Raleigh, Southern Pines, Sanford, Garner, Wilmington and Knightdale, North Carolina and one loan production office in Raleigh, North Carolina. The company is headquartered in Cary, North Carolina. Crescent Financial will receive $24.9 million through the Treasury Department’s Capital Purchase Program, in exchange for shares of the company’s preferred stock.
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Bailout Bank Bio: Crescent Financial Corporation
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Federal Equity Investment |
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Total Revenue |
$57.559 million (2007) |
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Net Income |
$6.249 million (2007) |
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Number of Employees |
118 |
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Corporate Headquarters |
Cary, North Carolina |
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Business Sector |
Financial |
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Officers and Directors |
Carlton, Michael, President, Chief Executive Officer, and Director of Company and Bank |
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Corporate Website |
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Executive Compensation |
2008-12-08 Crescent Financial 8K
2008-09-30 Crescent Financial 10Q
2007 Crescent Financial Annual Report
No federal contracts located.
No lobbying documents located.
No political contributions located.
December 9, 2008 Crescent State Bank to get $24.9M from Treasury Triangle Business Journal
Last Updated January 28, 2009
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