Crescent Financial Bancshares (CRFN) of Raleigh, N.C., is going to transfer its stock listing to the New York Stock Exchange.

The $2 billion-asset company, which currently trades on the Nasdaq, plans to transfer the listing on July 22. The company will also change its name to VantageSouth Bancshares. Crescent merged with VantageSouth Bank of Burlington, N.C., in December.

"The listing of the company's shares on the NYSE … is another important milestone in the continued growth and development of VantageSouth," Terry Earley, the company's chief financial officer, said in a press release.

Earlier this year, Crescent bought ECB Bancshares in Engelhard, N.C.

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