This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Crescent Financial Corporation Announces Scheduled Changes To Board Of Directors

CARY, N.C., May 25, 2010 (GLOBE NEWSWIRE) -- Crescent Financial Corporation (Nasdaq:CRFN), parent company of Crescent State Bank in Cary, North Carolina, today announced that Sheila Hale Ogle retired from the Board of Directors of Crescent Financial Corporation and Crescent State Bank in accordance with the company's mandatory retirement requirements. Ms. Ogle is a founding director of Crescent State Bank and served as a director of the bank since 1998 and Crescent Financial Corporation since its inception in 2001. Mike Carlton, President and CEO, stated, "Sheila Ogle has been a key member of our board of directors since day one and her involvement has had a positive effect on our organization for the good of all shareholders. I am pleased to announce that the Board of Directors unanimously approved her designation as a Director Emeritus of Crescent in recognition of her service on behalf of the company's shareholders."

Crescent Financial Corporation also announced today that the shareholders of the company approved the incumbent director nominees for re-election to the Board and that the Chairman of the Board and Vice Chairman of the Board were re-appointed to their positions. Dr. Bruce I. Howell, Chairman of the Board of Directors, stated, "We place great emphasis on the transparency of our corporate governance framework. The Company has always utilized an independent Chairman of the Board and I have been privileged to serve in that role for eleven years. The coming year will be my final year as Chairman and the Board anticipates a smooth transition in 2011 with Vice Chairman James A. Lucas, Jr. becoming Chairman. I look forward to working with Vice Chairman Lucas to ensure an orderly transition." 

Mr. Carlton added, "Bruce Howell has served the Company admirably and we look forward to his continued service as a member of the Board of Directors for years to come."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
GOOG $683.11 -0.15%
TSLA $154.03 7.20%
YHOO $26.76 -1.25%
AAPL $94.18 -0.10%
FB $103.33 2.30%


Chart of I:DJI
DOW 15,660.18 -254.56 -1.60%
S&P 500 1,829.08 -22.78 -1.23%
NASDAQ 4,266.8370 -16.7550 -0.39%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs