X0304 4 2011-12-23 0001143921 Crescent Financial Bancshares, Inc. CRFN 0001467870 PIEDMONT COMMUNITY BANK HOLDINGS, INC. 3600 GLENWOOD AVENUE, SUITE 300 RALEIGH NC 27612 0 0 1 0 Common Stock 2011-12-23 4 P 0 4734 4.75 A 24868902 D Common Stock 2011-12-27 4 P 0 9521 4.75 A 24878423 D On December 23, 2011, Piedmont Community Bank Holdings, Inc. ("Piedmont") purchased 4,734 shares of the Issuer's common stock that were delivered pursuant to Notice of Guaranteed Delivery to Piedmont in its 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, which expired at 5:00 p.m., New York City time, on December 21, 2011. On December 27, 2011, Piedmont purchased 9,521 additional shares of the Issuer's common stock that were delivered to Piedmont in the tender offer pursuant to Notice of Guaranteed Delivery. /s/ Scott Custer, President and Chief Executive Officer 2011-12-28