UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
 
Pursuant to Section 13 OR 15(d) of
The Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported) July 28, 2010
 
 
Crescent Financial Corporation
(Exact name of registrant as specified in its charter)

 
North Carolina
  
000-32951
  
56-2259050
(State or other jurisdiction
of incorporation)
  
(Commission File Number)
  
(IRS Employer Identification No.)
 
 
1005 High House Road, Cary, NC
  
27513
  
 
(Address of principal executive offices)
  
(Zip Code)
  
 
Registrant's telephone number, including area code: (919) 460-7770
 
 
________________________________________________________
(Former name or former address, if changed since last report)
 
 
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
 
[ ]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
[ ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
[ ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
[ ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
 
 
Item 2.02. Results of Operations and Financial Condition.
 
On July 28, 2010 the Registrant issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
 
Item 9.01. Financial Statements and Exhibits.
 
Exhibit 99.1. Press release dated July 28, 2010
 
 
 
 
 
SIGNATURE
 
 
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
   
Crescent Financial Corporation
(Registrant)
 
 
July 28, 2010
(Date)
  
/s/ MICHAEL G. CARLTON
Michael G. Carlton
President and Chief Executive Officer
 

 
 
 
 
 
Exhibit Index
 
 
99.1
Press release dated July 28, 2010