News Release

For further information please contact:
W. Harold Parker, Jr.                        (919) 683-7631




FOR IMMEDIATE RELEASE                        April 16, 1996

          CCB FINANCIAL CORPORATION ANNOUNCES STOCK
          REPURCHASE PROGRAM AND QUARTERLY DIVIDEND
          
          
     Durham, North Carolina-----At their regular quarterly
meeting, the Board of Directors of CCB Financial Corporation
approved a stock repurchase program of up to 300,000 shares.
Shares may be purchased in the open market or in private
transactions.
     Ernest C. Roessler, President and Chief Executive
Officer of CCB Financial Corporation commented: "Our strong
capital position affords us the opportunity to repurchase
our stock.  Under the approved repurchase program, we will
purchase shares that are issued under stock option and other
benefit plans.  If our earnings and capital position
continue to show strength, we will consider additional
repurchases in 1997."
     Additionally, the Board of Directors declared a regular
quarterly cash dividend of $.38 per share payable July 1,
1996 to shareholders of record June 17, 1996.
    CCB Financial Corporation is the bank holding company
for Central Carolina Bank and Trust Company and Graham
Savings Bank, Inc., SSB which in total operate 157 offices
located primarily in the Piedmont section of North Carolina.

Nasdaq National Market Symbol:  CCBF


Corcoran Street, P.O. Box 931
Durharm, North Carolina 27702