Founded in 1998, Crescent State Bank is a wholly owned subsidiary of Crescent Financial Corporation. The bank has a staff of more than 150 employees in over 10 offices in Cary, Apex, Clayton, Garner, Holly Springs, Knightdale, Pinehurst, Raleigh, Sanford, Southern Pines and Wilmington, N.C. Crescent State Bank provides checking and saving accounts and personal and business loans. It offers several mortgage and loan options for the purchase of vehicles and homes, as well as finance construction. Crescent State Bank provides various retirement services, such as investment management and plan administration. The bank also offers online banking, money management, financial consultation, and trust and estate planning services. It is headquartered in Cary, N.C.