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) August 8, 2002
CRESCENT FINANCIAL CORPORATION
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(Exact name of Registrant as specified in its charter)
North Carolina 000-32951 56-2259050
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(State or other jurisdiction (Commission File No.) (IRS Employer
of incorporation) Identification number)
1005 High House Road, Cary, North Carolina 27513
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(Address of principal executive offices)
Registrant's telephone number, including area code (919) 460-7770
Not Applicable
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(Former address of principal executive offices)
Item 5. Other Events.
On August 6, 2002, the Registrant concluded the rights offering to shareholders
as of May 3, 2002 of 145,000 shares of its common stock. The rights offering was
oversubscribed by 82,000 shares and oversubscribed shares were allocated to
shareholders on a pro rata basis. The public offering of 455,000 additional
shares of common stock has commenced through McKinnon & Company, Inc., as
underwriter, on a best efforts basis. It is anticipated that the rights offering
and the public offering will both close on or about August 20, 2002.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
CRESCENT FINANCIAL CORPORATION
By: /s/ Michael G. Carlton
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Michael G. Carlton
President and Chief Executive Officer
Dated: August 8, 2002
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EXHIBIT INDEX
Exhibit
Number Description of Exhibit
99 Press Release dated August 8, 2002
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