RALEIGH, N.C., Feb. 23, 2011 (GLOBE NEWSWIRE) — Crescent Financial Corporation (Nasdaq:CRFN) and Piedmont Community Bank Holdings, Inc., announced today that they have entered into a definitive agreement pursuant to which Piedmont will invest million in Crescent and therefore acquire a majority interest in the company.
Michael G. Carlton, president and chief executive officer of [...] http://bit.ly/eN7dsx
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