Crescent Banking Company

• Crescent Banking Company (“Crescent”), which is the parent holding company of Crescent Bank & Trust Company (“Crescent Bank” or the “Bank”) and Crescent Mortgage Services, Inc. (“CMS”); • Crescent Bank, a community-focused commercial bank; • CMS, a mortgage banking company; • Crescent Capital Trust I, a Delaware statutory business trust; and • Crescent Capital Trust II, a Delaware statutory business trust. In accordance with Financial Accounting Standards Board Interpretation No. 46R (FIN 46), Crescent Capital Trust I and Crescent Capital Trust II (together, the “Trusts”) are not consolidated with the Company. Accordingly, the Company does not report the securities issued by the Trusts as liabilities, and instead reports as liabilities the junior subordinated debentures issued by the Company and held by the Trusts.