Item 2.02. Results of Operations and Financial Condition.

On November 7, 2008, Crescent Banking Company (the "Company") issued a press release (the "Press Release") announcing the Company's results of operations and financial condition for the quarter ended September 30, 2008 and the declaration of a quarterly dividend.

Pursuant to General Instruction F to the Securities and Exchange Commission's Form 8-K, a copy of the Press Release is attached to this Report as Exhibit 99.1 and is incorporated into this Item 2.02 by this reference. The information contained in this Item 2.02, including the related information set forth in the Press Release attached hereto and incorporated by reference herein, is being "furnished" and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section. The information in this Item 2.02 shall not be incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, as amended, or into any filing or other document pursuant to the Exchange Act, except as otherwise expressly stated by the Company in any such filing.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No. Description
99.1 Press Release issued by Crescent Banking Company on November 7, 2008.*

* Furnished electronically as an exhibit to this Report. As further described in Item 2.02 of this Report, this exhibit is being "furnished" and not "filed" with this Report.

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