Exhibit 31.2
CERTIFICATION OF PRINCIPAL FINANCIAL
OFFICER
Pursuant to Rule 13a – 14(a)
I, Terry S. Earley, the Chief Financial
Officer of Crescent Financial Bancshares, Inc., certify that:
| 1. | I have reviewed this quarterly
report on Form 10-Q of Crescent Financial Bancshares, Inc.; |
| 2. | Based on my knowledge, this report
does not contain any untrue statement of a material fact or omit
to state a material fact necessary to make the statements made,
in light of the circumstances under which such statements were
made, not misleading with respect to the period covered by this
report; |
| 3. | Based on my knowledge, the financial
statements, and other financial information included in this report,
fairly present in all material respects the financial condition,
results of operations and cash flows of the registrant as of,
and for, the periods presented in this report; |
| 4. | The registrant’s other certifying
officer and I are responsible for establishing and maintaining
disclosure controls and procedures (as defined in Exchange Act
Rules 13a-15(e) and 15d-15(e)) and internal control over financial
reporting (as defined in Exchange Act Rules 13(a)-15(f) and 15d-15(f))
for the registrant and have: |
| a. | Designed such disclosure controls
and procedures, or caused such disclosure controls and procedures
to be designed under our supervision, to ensure that material
information relating to the registrant, including its consolidated
subsidiaries, is made known to us by others within those entities,
particularly during the period in which this report is being prepared; |
| b. | Designed such internal control over financial reporting, or
caused such internal control over financial reporting to be designed
under our supervision, to provide reasonable assurance regarding
the reliability of financial reporting and the preparation of
financial statements for external purposes in accordance with
generally accepted accounting principles; |
| c. | Evaluated the effectiveness of
the registrant’s disclosure controls and procedures and
presented in this report our conclusions about the effectiveness
of the disclosure controls and procedures, as of the end of the
period covered by this report based on such evaluation; and |
| d. | Disclosed in this report any change
in the registrant’s internal control over financial reporting
that occurred during the registrant’s most recent fiscal
quarter that has materially affected, or is reasonably likely
to materially affect, the registrant’s internal control
over financial reporting; and |
| 5. | The registrant’s other certifying
officer and I have disclosed, based on our most recent evaluation
of internal control over financial reporting, to the registrant’s
auditors and the audit committee of the registrant’s board
of directors: |
| a. | All significant deficiencies and
material weaknesses in the design or operation of internal control
over financial reporting which are reasonably likely to adversely
affect the registrant’s ability to record, process, summarize
and report financial information; and |
| b. | Any fraud, whether or not material,
that involves management or other employees who have a significant
role in the registrant’s internal control over financial
reporting. |
Date: |
May 15, 2012 |
By: |
/s/ Terry S. Earley |
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Terry S. Earley |
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Executive Vice President and Chief Financial Officer |