Crescent State Bank Expands Mortgage Department
Michael G. Carlton, president of Crescent State Bank, a wholly owned subsidiary of Crescent Financial Corporation (NASDAQ Global MarketSM), has announced that the company is expanding its mortgage division. The bank is adding two new employees to its mortgage department to handle the increase in applications and efficiently serve its clients. In recent months, Crescent State Bank has seen an increase in mortgage applications and refinances due in part to the federal home buyers tax credit.
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