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1005 High House Road
Cary, NC 27513

VantageSouth Bank is headquartered in Cary and is the 8th largest bank in the state of North Carolina. It is also the 347th largest bank in the nation. It was established in 1998 and as of March of 2014, it had grown to 447 employees at 45 locations. VantageSouth Bank has a A health rating.

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Make Sure Your Debit Card Transactions Post Early

I've banked with Crescent State Bank since April of 2010 and so far have been pleased.  I really got upset today when I found out that I didn't get the 3.75% interest that I thought I should have gotten.  I made my 10th debit card transaction on Friday the 14th and it showed up as processing on the 15th and it didn't completely post until Tuesday the 18th which apparently is the beginning of the new cycle. The representatives at the local bank were not willing to make an adjustment to the interest earned.

Best Deal And Friendly Service

I see several complaints about Crescent Bank but I have to say that I've been extremely happy with them since I opened my first account 6 months ago.  Their rewards checking is the best deal I've found, when you consider interest rate and transaction requirements.  I always finish the requirements early so I've never run into a problem of having a debit not post in time.  Everytime I've been to the Apex branch I've received friendly service from everyone, including the tellers and the branch manager.  I highly reccommend Crescent State Bank.

Take Your Money And Run!

I thought I got my transactions in time, seven of them posted, but the other three were delayed for some reason.  Then when they posted they posted to the wrong account. The representatives at the local bank were not willing to make an adjustment to the interest earned.  They even barked at me for the amount of my transactions.  All my other banks have been willing to make the adjustments.  This place is very unprofessional, especially when compared to competitors like Capital Bank.  I recommend you keep your money somewhere else.

Proof Is In The Puddin'

Crescent State Bank is a customer service oriented bank. I had banked with larger banks in the past, and am extremely pleased with Crescent and the service I received.

The thing people don't realize that is order to give this higher interest rate, the bank still has to be competitive with other banks within this economically uncertain time. Interest is not owed to the customers but an extra of the checking account. This is not a savings account, it is an account to be used on a daily basis. Usually the people complaining about not receiving their interest are the ones who are in fact trying to play the banking system for whatever they can.

I have banked with Crescent for 3 years, and the one time I did not receive my interest, the manager (at the Falls Branch) looked into my account and saw that I was using my debit card regularly, had my payroll coming into the account every month and that I had tried to get all 10 debit card transaction in, but they did not process b/c of a delay with the merchant. I received a waiver for the interest that month and learned to get my debits in early as to receive the bonus interest!



Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 VantageSouth Bank had $27.45 million in non-current loans and owned real-estate with $282.48 million in equity and loan loss allowances on hand to cover it. This gives VantageSouth Bank a Texas Ratio of 9.72% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for VantageSouth Bank experienced no significant changes from 7.51% as of March 31, 2013 to 9.72% as of March 31, 2014, resulting in a negative change of 29.42%. This indicates that the balance sheet and financial strength for VantageSouth Bank has had no significant changes in recent periods.

Deposit Growth


In the past year, VantageSouth Bank has increased its total deposits by $758.34 million, resulting in 83.79% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth VantageSouth Bank has shown is excellent.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. VantageSouth Bank has $2.11 billion in assets with $282.48 million in equity, resulting in a capitalization level of 13.42%, which is excellent.

Institution Statistics

FDIC Certificate #35006
Year Established1998
Primary RegulatorFDIC
Assets and Liabilities
Assets$2.11 billion
Loans$1.39 billion
Deposits$1.66 billion
Equity Capital$275.27 million
Loan Loss Allowance$7.21 million
Unbacked Noncurrent Loans$18.52 million
Real Estate Owned$8.94 million
Historic Data - March 2013
Assets$1.12 billion
Equity Capital$176.79 million
Loan Loss Allowance$5.53 million
Unbacked Noncurrent Loans$18.52 million
Real Estate Owned$4.08 million
Profit Margin - Quarterly
Net Interest Margin4.33%
Return on Assets0.52%
Return on Equity3.99%
Interest Income$21.97 million

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VantageSouth Bank has 46 locations. Click to view all VantageSouth Bank locations.