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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1143921	Crescent Financial Bancshares Inc.	CRFN	State Commercial Banks (6022)	452915089

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1467870	Piedmont Community Bank Holdings, Inc.	3600 Glenwood Avenue, Suite 300 Raleigh NC 27612		No	No	Yes	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2011-12-21	6,114,104	$4.75	24,864,104	No	4	P	Direct
Common Stock	Acquisiton	2011-12-22	64	$4.75	24,864,168	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct
No	4	P	Direct

Footnotes

On November 8, 2011, Piedmont Community Bank Holdings, Inc. ("Piedmont") commenced a tender offer for up to 6,442,105 shares of common stock, par value $0.001, of the Issuer at a price of $4.75 net per share in cash, without interest and less applicable withholding taxes. The tender offer expired at 5:00 p.m., New York City time, on December 21, 2011. According to Computershare Trust Company, N.A., the depositary for the tender offer, as of the expiration of the tender offer, 6,114,104 shares of the Issuer's common stock had been validly tendered and not withdrawn pursuant to the tender offer. Piedmont accepted for purchase pursuant to the terms of the tender offer all of the shares that were validly tendered and not withdrawn in the tender offer.
On December 22, 2011, Piedmont purchased 64 additional shares of the Issuer's common stock that were delivered to Piedmont in the tender offer pursuant to Notice of Guaranteed Delivery.