SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Lowe Michael W

(Last)

(First)

(Middle)

7 CARING WAY

P. O. BOX 668

(Street)

JASPER

30143

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
CRESCENT BANKING CO [ CSNT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/27/2005

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock								516,710.1418	D
Common Stock								6,926.107	I	Custodian for Camlyn Michele Lowe, Daughter
Common Stock								6,926.107	I	Custodian for Marilyn Solitair Lowe, Daughter
Common Stock	09/27/2005		P		46.993	A	$34.4696	9,150.162	I	Spouse
Common Stock								2,506.06	I	Spouse as Custodian for Camlyn Michele Lowe, Daughter
Common Stock								2,506.06	I	Spouse as Custodian for Marilyn Solitair Lowe, Daughter

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Director Options	$8							03/16/1996	03/16/2006	Common Stock	2,000		2,000	D
Director Options	$8							03/21/1996	03/21/2006	Common Stock	400		400	D
Director Options	$8							03/26/1996	03/26/2006	Common Stock	400		400	D
Director Options	$8							04/18/1997	04/18/2007	Common Stock	400		400	D
Director Options	$11.025							04/17/1998	04/17/2008	Common Stock	4,000		4,000	D
Director Options	$8							04/23/1999	04/23/2009	Common Stock	400		400	D
Director Options	$8							04/21/2000	04/21/2010	Common Stock	400		400	D
Director Options	$8							04/20/2001	04/20/2011	Common Stock	400		400	D
Director Options	$11.03							04/20/2001	04/20/2011	Common Stock	350		350	D
Director Options	$8							04/18/2002	04/18/2002	Common Stock	400		400	D
Director Options	$15.75							04/18/2002	04/18/2012	Common Stock	350		350	D
Director Options	$8							05/07/2003	05/07/2013	Common Stock	222		222	D
Director Options	$22.58							05/07/2003	05/07/2013	Common Stock	528		528	D
Director Options	$26.51							04/23/2004	04/23/2014	Common Stock	750		750	D
Director Options	$28.2	04/21/2005		A		750		04/21/2005	04/21/2015	Common Stock	750	$28.2	750	D

Explanation of Responses:

	/s/ Michael W Lowe	09/27/2005
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.