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 Announces Scheduled Changes To Board Of Directors
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