X0204 3 2012-02-24 0 0001143921 Crescent Financial Bancshares, Inc. CRFN 0001543671 Earley Terry C/O PIEDMONT COMMUNITY BANK HOLDINGS INC 3600 GLENWOOD AVENUE, SUITE 300 RALEIGH NC 27612 0 1 0 0 Exec. Vice President and CFO Common Stock 0 D /s/ Terry Earley 2012-03-02