Crescent Financial Corp.

 

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) March 20, 2003

 

 

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 No.)

 

(IRS Employer Identification No.)

 

 

1005 High House Road, Cary, North Carolina 27513


(Address of principal executive offices)

 

 

Registrant’s telephone number, including area code (919) 460-7770

 

 

Not Applicable


(Former address of principal executive offices)

 



 

Item 5.

 

The Registrant’s Board of Directors at its regular meeting on March 20, 2003 declared a 15% stock dividend payable on April 25, 2003 to shareholders of record on April 11, 2003. Cash will be paid in lieu of fractional shares.

 

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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


   

Michael G. Carlton

President and CEO

Dated: March 24, 2003

 

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EXHIBIT INDEX

 

Exhibit Number


    

Description of Exhibit


99

    

Press Release dated March 21, 2003

 

 

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