X0306 4 2013-04-01 0 0001143921 Crescent Financial Bancshares, Inc. CRFN 0001203948 DAVIS GEORGE T JR 3600 GLENWOOD AVENUE SUITE 300 RALEIGH NC 27612 1 0 0 0 Common Stock 2013-04-01 4 A 0 71078 A 71078 D Common Stock 2013-04-01 4 A 0 31037 A 31037 I By spouse Represents shares of common stock of Crescent Financial Bancshares, Inc. (the "Issuer") received in exchange for 20,022 shares of common stock of ECB Bancorp, Inc. ("ECB") pursuant to the merger of ECB with and into the Issuer (the "Merger"). The exchange ratio in the Merger was 3.55 shares of Issuer common stock for each share of ECB common stock, with fractional shares paid in cash. On the effective date of the Merger, the most recent closing price of the Issuer's common stock was $3.94 per share and the most recent closing price of ECB's common stock was $14.43 per share. Represents shares of common stock of the Issuer received in exchange for 8,743 shares of common stock of ECB pursuant to the Merger. /s/ Nancy A. Snow, by Power of Attorney 2013-04-03