On June 22, 2009, following approval by the shareholders of Crescent Banking Company ("Crescent") at its Annual Meeting and in accordance with the Georgia Business Corporation Code, Crescent filed Articles of Amendment with the Secretary of State of the State of Georgia for the purpose of amending its Articles of Incorporation to increase the number of authorized shares of common stock from 10 million shares to 50 million shares and to delete the restrictions contained in Article Six regarding certain business combinations.

Pursuant to General Instruction F to the Securities and Exchange Commission's Current Report on Form 8-K, the Articles of Amendment are attached to this Report as Exhibit 3.1, and are incorporated into this Item 5.03 by this reference.

(d) Exhibits.

Exhibit No.       Description
3.1               Articles of Amendment to the Articles of Incorporation of
                  Crescent Banking Company, effective June 22, 2009.