This Day On The Street
Continue to site
ADVERTISEMENT
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 Bancshares, Inc. To List Shares On The NYSE MKT LLC

RALEIGH, N.C., July 10, 2013 (GLOBE NEWSWIRE) -- Crescent Financial Bancshares, Inc. (Nasdaq:CRFN), the bank holding company for VantageSouth Bank, announced today that, effective July 22, 2013, the Company is transferring the listing of its common stock to the NYSE MKT, LLC ("NYSE MKT") from the NASDAQ Stock Market LLC. At the same time of the transfer of its listing, Crescent Financial will effect a previously announced name change to become "VantageSouth Bancshares, Inc." The Company's shares then will trade under the symbol "VSB" on the NYSE MKT with the CUSIP number 92209W 105.

Terry S. Earley, Executive Vice President and Chief Financial Officer, commented, "The listing of the Company's shares on the NYSE MKT is another important milestone in the continued growth and development of VantageSouth. We believe that listing VSB on the NYSE MKT will increase the Company's visibility within the investment community, consistent with our objective to further expand our investor base while creating value for our stockholders."

"We welcome VantageSouth Bank to the NYSE MKT family of listed companies," said Scott Cutler, Executive Vice President, Global Listings at NYSE Euronext. "VantageSouth will be joining other growth-oriented companies taking advantage of the NYSE's advanced and innovative market model to offer a premier value for listing and trading their stocks. We look forward to partnering with their team."

VantageSouth Bank is a state-chartered bank operating 46 banking centers from the central Piedmont to the coast of North Carolina. The common stock of Crescent Financial Bancshares, Inc., which is headquartered in Raleigh and wholly owns VantageSouth Bank, is listed on the NASDAQ Global Market where it trades under the symbol CRFN. For more information about VantageSouth Bank, visit www.vantagesouth.com .

Forward-looking Statements

Information in this press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially, including without limitation, risks associated with the ownership by Piedmont Community Bank Holdings, Inc. ("Piedmont") of a majority of the Company's voting power, including interests of Piedmont differing from other Company stockholders or any change in management, strategic direction, business plan, or operations, the ability of the Company's management to successfully integrate the Company's business and execute its business plan across several geographic areas, local economic conditions affecting retail and commercial real estate, disruptions in the credit markets, changes in interest rates, adverse developments in the real estate market affecting the value and marketability of collateral securing loans made by the Bank, the failure of assumptions underlying loan loss and other reserves, competition, and the risk of new and changing regulation. Additional factors that could cause actual results to differ materially are discussed in the Company's filings with the Securities and Exchange Commission (the "SEC"), including without limitation its Annual Report on Form 10-K, its Quarterly Reports on Form 10-Q, and its Current Reports on Form 8-K. The forward-looking statements in this press release speak only as of the date of the press release, and the Company does not assume any obligation to update such forward-looking statements.

Disclaimer

This press release is not a solicitation of a proxy, an offer to purchase, nor a solicitation of an offer to sell shares of the Company, and it is not a substitute for any proxy statement or other filings that may be made with the SEC. If such documents are filed with the SEC, investors will be urged to thoroughly review and consider them because they will contain important information, including risk factors. Any such documents, once filed, would be available free of charge at the SEC's website ( www.sec.gov) and from the Company.

CONTACT: Terry Earley, CFO
         Crescent Financial Bancshares, Inc.
         Phone: (919) 659-9015
         Email: Terry.Earley@vsb.com

Crescent Financial Bancshares, Inc. Logo

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
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,010.68 -115.44 -0.64%
S&P 500 2,107.39 -13.40 -0.63%
NASDAQ 5,070.0260 -27.95 -0.55%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs