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JASPER, GA--(Marketwire - May 19, 2009) - Crescent Banking Company (
In connection with the Annual Meeting, the Company filed amendment no. 1 to its definitive proxy statement (as amended, the "Proxy Statement") with the Securities and Exchange Commission (the "SEC") on May 18, 2009. The Proxy Statement is being mailed to the shareholders of the Company on or about May 20, 2009. Pursuant to the Proxy Statement, the Company's Board of Directors will be soliciting proxies from the Company's shareholders. Shareholders are advised to read the Proxy Statement because it will contain important information. Information regarding the interests of the participants in the solicitation of proxies will be described in the Proxy Statement. You can obtain copies of the Proxy Statement free of charge by directing a request to Okapi Partners, LLC, 780 Third Avenue, 30th Floor, New York, New York 10017, telephone (877) 869-0171. You can also obtain free copies of the Proxy Statement by accessing the SEC's web site at [ http://www.sec.gov ].
About Crescent Banking Company
Crescent Banking Company is a bank holding company headquartered in Jasper, Georgia with total consolidated assets of approximately $1.1 billion and consolidated shareholders' equity of approximately $31.9 million, representing a book value of $5.96 per share, as of March 31, 2009. The Company has 11 full service offices, a loan production office and a corporate office, located in five counties in North Georgia. The Company had approximately 5.4 million shares of common stock outstanding at March 31, 2009. The Company's common stock is quoted on the Nasdaq Capital Market under the symbol "CSNT."