SECURITIES AND EXCHANGE COMMISSION
                                   
                        Washington, D.C. 20549
                                   
                                   
                                   
                               Form 8-K
                                   
                            Current Report
                                   
                                   
                Pursuant to Section 13 or 15(d) of the
                    Securities Exchange Act of 1934


Date of Report (Date of earliest event reported) April 16, 1996
                                   
                                   
                              CCB FINANCIAL CORPORATION
        (Exact name of registrant as specified in its charter)
                                   
                                   
   North Carolina             0-12358              56-1347849
  (State or other      (Commission File No.)    (IRS Employer
  jurisdiction of                              Identification No.)
  incorporation)
                                   
      111 Corcoran Street, Post Office Box 931, Durham, NC 27702
               (Address of principal executive offices)
                                   
                                   
Registrant's telephone number, including area code (919) 683-7777
                                   
                                   
                              N/A
               (Former name or former address, if
                    changed since last report)
                                   
                                   

Item 5.  Other Events

On April 16, 1996, the Corporation announced that its Board of
Directors had adopted a stock repurchase program of up to 300,000
shares.  Shares may be purchased in the open market or in private
transactions.


Item 7.  Financial Statements and Exhibits

Financial Statements

   None

Exhibits

   Exhibit 99            Press Release dated April 16, 1996

                                   


                              SIGNATURES
                                   
                                   
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned thereunto duly authorized.


                                   CCB FINANCIAL CORPORATION
                                   Registrant


Date:  April 22, 1996              By:  /s/ W. HAROLD PARKER, JR.
                                         W. Harold Parker, Jr.
                                          Senior Vice President
                                          and Controller