SEPARATION AND RELEASE AGREEMENTSeparation and Release Agreement • March 30th, 2012 • Crescent Financial Bancshares, Inc. • State commercial banks • North Carolina
Contract Type FiledMarch 30th, 2012 Company Industry JurisdictionThis Separation and Release Agreement (this “Agreement”) is made as of this 30th day of January, 2012, by and among Crescent Financial Bancshares, Inc. (the “Company”), a Delaware corporation and successor to Crescent Financial Corporation, a North Carolina corporation; Crescent State Bank (the “Bank”), a North Carolinas chartered bank (the Company and the Bank are collectively referred to herein as the “Employer”); and Michael G. Carlton, a resident of the State of North Carolina (the “Executive”).
SEPARATION AND RELEASE AGREEMENTSeparation and Release Agreement • March 30th, 2012 • Crescent Financial Bancshares, Inc. • State commercial banks • North Carolina
Contract Type FiledMarch 30th, 2012 Company Industry JurisdictionThis Separation and Release Agreement (this “Agreement”) is made as of this 15th day of March, 2012, by and among Crescent Financial Bancshares, Inc. (the “Company”), a Delaware corporation and successor to Crescent Financial Corporation, a North Carolina corporation; Crescent State Bank (the “Bank”), a North Carolina-chartered bank (the Company and the Bank are collectively referred to herein as the “Employer”); and Bruce W. Elder (the “Executive”), a resident of the State of North Carolina.