Crescent Financial Corp trades in the stock market as ticker CRFN. Business Summary & Profile For Crescent Financial Corp.

Crescent Financial Corp

Crescent Financial Bancshares, Inc. operates as the bank holding company for Crescent State Bank that provides commercial and retail banking services to individuals and small-to-medium sized businesses in North Carolina. Its deposit products include non-interest bearing checking accounts, interest bearing checking accounts, savings accounts, money market accounts, and certificates of deposit. The company’s loan portfolio comprises real estate mortgage and construction loans; and small business administration guaranteed loans; commercial mortgage loans; and commercial loans, including secured loans for working capital, expansion, and other business purposes. It also offers consumer loans, such as automobile loans, boat and recreational vehicle financing, home equity and home improvement loans, and miscellaneous secured and unsecured personal loans; home equity lines of credit; residential real estate loans; and credit cards. In addition, the company provides on-line banking and bill paying, on-line check images, wire transfers, ACH originations, and stop payment orders of checks services, as well as investment and courier services. As of August 2, 2011, it operated 15 banking offices in Cary, Apex, Clayton, Holly Springs, Southern Pines, Pinehurst, Sanford, Garner, Raleigh, Wilmington, and Knightdale, North Carolina. The company was formerly known as Crescent Financial Corporation and changed its name to Crescent Financial Bancshares, Inc. in November 2011. Crescent Financial Bancshares, Inc. was founded in 1998 and is headquartered in Cary, North Carolina.
www.crescentstatebank.com
156 Employees
Last Reported Date: 03/29/11
Founded in 1998
LAST $4.39 USD
CHANGE TODAY -0.11 -2.44%
VOLUME 3.4K
As of 8:09 PM 02/17/12 All times are local (Market data is delayed by at least 15 minutes).

Snapshot of CRESCENT FINANCIAL CORP (CRFN)

OPEN
$4.36
PREVIOUS CLOSE
$4.50
DAY HIGH
$4.40
DAY LOW
$4.32
52 WEEK HIGH
12/6/11 - $4.64
52 WEEK LOW
02/22/11 - $2.01
MARKET CAP
42.4M
AVERAGE VOLUME 10 D
4.5K
EPS TTM
$-2.04
SHARES OUTSTANDING
9.7M
CRFN Does Not Pay Dividends
P/E TTM
--
K = Thousands  M = Millions  B = Billions

related news for CRESCENT FINANCIAL CORP (CRFN)

Crescent Financial Among Leading NASDAQ Intra-Day Advancers

Key developments for CRESCENT FINANCIAL CORP (CRFN)

Crescent Financial Bancshares Not In Compliance With NASDAQ Listing Rules

On December 28, 2011, Crescent Financial Bancshares, Inc. notified the NASDAQ Stock Market that it has not held an annual stockholders meeting during 2011 as required under NASDAQ Listing Rules 5620(a) and 5620(b). On February 23, 2011, the Company entered into an investment agreement with Piedmont Community Bank Holdings, Inc. (Piedmont) pursuant to which Piedmont agreed to make a significant investment in the Company and thereby become the majority stockholder of the Company, and Piedmont additionally agreed to conduct a tender offer for additional shares of the Companys common stock. The 2011 annual stockholders meeting was not called during 2011 due to the pendency of these transactions with Piedmont and in light of the special meeting having been called and held in June 2011. The Company plans to hold its 2011 annual stockholders meeting in conjunction with the 2012 annual stockholders meeting in May 2012.

Crescent Financial Bancshares, Inc. Announces Executive Appointments

On December 6, 2011, the board of directors of Crescent Financial Bancshares, Inc. unanimously appointed Scott Custer as president of the company and Lee Roberts as chief operating officer of the company, each effective as of such date. Mr. Custer, age 54, is the chief executive officer of the company, a position he was appointed to on November 18, 2011 in connection with the consummation of an investment in the company by Piedmont Community Bank Holdings, Inc. made pursuant to an Investment Agreement, dated as of February 23, 2011, as amended, by and among Piedmont, Crescent Financial Corporation and the Bank. Mr. Custer is the president and chief executive officer of Piedmont. Prior to joining Piedmont in 2009, Mr. Custer served as chairman and chief executive officer of RBC Centura Bank, a position he held since 2004. Mr. Custer is a member of the board directors of Piedmont, a position he has held since 2009. Mr. Roberts, age 43, is the managing director of Piedmont, a position he has held since 2010. Prior to that, he was a partner at Oaklane Capital, LLC, an investment firm, which he joined in 2009. Prior to Oaklane, he was a partner at Cherokee Investment Partners, LLC, a private equity firm, which he joined in 2006. Messrs. Custer and Roberts have not entered into employment contracts with the company in connection with their appointments as executive officers of the company. They are currently compensated through their employment with Piedmont, however, some or all of their compensation may be paid by the company in the future. Messrs. Custer and Roberts will be eligible to participate in benefit plans made available to other executive officers of the company, such as being eligible for option grants and other awards under the company's 2006 Omnibus stock ownership and long term incentive plan.

Crescent Financial Bancshares, Inc. to Expand its Branch Network

Crescent Financial Bancshares, Inc. announced that the bank would expand its branch network and go in for acquisitions in the long term.

CRFN Competitors

Company Last Change
Bar Harbor Bankshares $30.34 USD +0.34
BCB Bancorp Inc $10.19 USD +0.08
Hampton Roads Bankshares Inc $2.92 USD +0.06
Preferred Bank/Los Angeles CA $10.15 USD +0.37
TIB Financial Corp $10.48 USD -0.02
Market data is delayed at least 15 minutes.
 

Industry Analysis

Valuation CRFN Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 3.8x
Price/Book 1.0x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful

CRFN

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CRFN transactions

Type
Date
Target
No transactions in the last 6 months.
VANTAGESOUTH BANCSHARES, INC. Files SEC form 8-K, Other Events, Financial Statements and Exhibits
  Read More...
CRESCENT FINANCIAL BANCSHARES, INC. Files SEC form 8-K, Notice of Delisting or Failure to Satisfy a Continued Listing
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CRESCENT FINANCIAL BANCSHARES, INC. Files SEC form 8-K, Submission of Matters to a Vote of Security Holders
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CRESCENT FINANCIAL BANCSHARES, INC. Financials
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3 Financial Sector Stocks With Recent Intensive Insider Buying
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CRESCENT FINANCIAL BANCSHARES, INC. Files SEC form 8-K, Other Events, Financial Statements and Exhibits
  Read More...
Crescent Financial Director Buys More Than 22K Shares and 4 Insider Trades to Note
  Read More...
CRESCENT FINANCIAL BANCSHARES, INC. Files SEC form 10-Q, Quarterly Report
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Hudson City Lag on Rev & Earnings
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Crescent Financial Bancshares, Inc. Announces First Quarter 2013 Financial Results, Which Reflect Strong Loan Growth and Merger Activities
[at noodls] - RALEIGH, N.C., May 1, 2013 (GLOBE NEWSWIRE) -- Crescent Financial Bancshares, Inc. (Nasdaq:CRFN), the bank holding company for VantageSouth Bank, today reported unaudited financial results for the quarter ...
  Read More...

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Subject Author
The same fate coming to your favorite bank
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new2investing66
25 shares 1945
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feliciaarchey
shares
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feliciaarchey
interest rates vs bonuses
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rrbed
for comparison
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esusun
To Cheap to Ignore
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svalbard1001
sitting on an awful lot of real estate
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therealtyagent
crescent losses vs. dividends
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rrbed
CRFN v WBRE ^
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goldman.perry
CSHB - Next to run
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mike_ensign
Here's a new one for CRFN
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rosettacubine
12/7 = Pearl Harbor Anniversary
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solar.hippie
CRFN Looks Nice
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stephenwalker2254
CRFN - CRESCENT FINANCIAL CORP Files SEC form 10-K, Annual Report
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sylviacaporiccio
CRFN - Q1 2011 CRESCENT FINL CORP Earnings Release - Time Not Supplied
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doloressmedsrud
CRFN - CRESCENT FINANCIAL CORP Files SEC form 8-K, Results of Operations and Financial Condition
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danielanning3090
CRFN - CRESCENT FINANCIAL CORP Financials
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elainaboomer
CRESCENT FINANCIAL CORP [] CHECK THIS OUT!!!
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opalchristox718
the last post is BOGUS
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smaynard99
Technical upgrade
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(video) Wow!
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nancyshorts
CRFN opportunities
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ianporter8
CRFN - Piedmont Community Bank Holdings, Inc. Commences Tender Offer for Sh...
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tiaohora
CRFN - CRESCENT FINANCIAL BANCSHARES, INC. Files SEC form 8-K, Notice of De...
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laraelocken
Gotta read this:Crescent Financial Bancshares, Inc.
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