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Monday, November 30, 2009, 10:04PM ET - U.S. Markets Closed. Dow Up 0.34% Nasdaq Up 0.29%
Crescent Financial Corp. (CRFN)At 3:33PM ET: 3.91  Down 0.02 (0.53%)  
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Crescent Financial Corp.
1005 High House Road
Cary, NC 27513
United States - Map
Phone: 919-460-7770
Fax: 919-460-7775
Web Site: http://www.crescentstatebank.com

DETAILS 
Index Membership:N/A
Sector:Financial
Industry:Regional - Mid-Atlantic Banks
Full Time Employees:140

BUSINESS SUMMARY 
Crescent Financial Corporation operates as the bank holding company for Crescent State Bank that provides commercial and retail banking products and services to individuals and small-to-medium sized businesses. The company offers a range of deposit products, including non-interest bearing checking accounts, interest bearing checking and savings accounts, money market accounts, and certificates of deposit. Its loan portfolio comprises commercial and personal loans; mortgage services; real estate mortgage and construction loans; small business administration guaranteed loans; and consumer loans, including automobile loans, boat and recreational vehicle financing, home equity and home improvement loans, various secured and unsecured personal loans, and residential real estate loans. The company also offers credit cards, investment, online banking, bill payment, and wire transfer services. As of March 31, 2009, it operated 14 banking offices in Cary, Apex, Clayton, Holly Springs, Southern Pines, Pinehurst, Sanford, Garner, Raleigh, Wilmington, and Knightdale, North Carolina; and a loan production office in Raleigh, North Carolina. The company was founded in 1998 and is headquartered in Cary, North Carolina.
Key Statistics

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    CORPORATE GOVERNANCE 
    Crescent Financial Corp.'s Corporate Governance Quotient (CGQ®) as of 6-Nov-09 is better than 50.9% of CGQ Universe companies and 36.2% of Banks companies.
    Brought to you by Institutional Shareholder Services.

    KEY EXECUTIVES 
     PayExercised
    Mr. Michael Carlton , 47
    Chief Exec. Officer, Pres, Exec. Director, Member of Exec. Committee, Chief Exec. Officer of Crescent State Bank Cary NC, Pres of Crescent State Bank Cary NC of Crescent State Bank
    $ 320.00K $ 65.00K
    Mr. Bruce W. Elder , 46
    Chief Financial Officer, Principal Accounting Officer, VP, Sec., Treasurer, Chief Financial Officer of Crescent State Bank and Sr. VP of Crescent State Bank
    $ 180.00K $ 22.00K
    Mr. Ray D. Vaughn , 56
    Chief Operating Officer, Sr. VP, Chief Operating Officer of Crescent State Bank and Sr. VP of Crescent State Bank
    $ 184.00KN/A
    Mr. W. Keith Betts , 52
    Regional Pres, Exec. VP of Crescent State Bank and Market Pres of Crescent State Bank
    $ 189.00K $ 332.00K
    Mr. Thomas E. Holder Jr., 49
    Chief Lending Officer, Sr. VP, Sr. Credit Officer of Crescent State Bank and Sr. VP of Crescent State Bank
    $ 170.00K $ 21.00K
    Dollar amounts are as of 31-Dec-08 and compensation values are for the last fiscal year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of options exercised during the fiscal year.
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