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Crescent Financial declares stock split


Published : Thu, 19 Apr 2007 17:57
By : Agencies
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CARY, N.C. (AP) - Bank holding company Crescent Financial Corp. said Thursday its board declared an 11-for-10 stock split.

The split, effected as a 10 percent stock dividend, is payable on May 22 to shareholders of record on May 11.

Shares of Crescent Financial fell 23 cents to $13.27 in midday trading on the Nasdaq Stock Market.

Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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