<ARTICLE> 9 <LEGEND> The schedule contains summary financial information extracted from the unaudited consolidated financial statements as of March 31, 1996 and 1995 and for the three-month periods then ended and is qualified in its entirety by reference to such financial statements. </LEGEND> <CIK> 0000714612 <NAME> CCB FINANCIAL CORPORATION <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> MAR-31-1996 <CASH> 190,764 <INT-BEARING-DEPOSITS> 60,732 <FED-FUNDS-SOLD> 306,400 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 874,919 <INVESTMENTS-CARRYING> 76,082 <INVESTMENTS-MARKET> 80,016 <LOANS> 3,399,693 <ALLOWANCE> 44,218 <TOTAL-ASSETS> 5,037,988 <DEPOSITS> 4,298,893 <SHORT-TERM> 128,080 <LIABILITIES-OTHER> 101,599 <LONG-TERM> 68,936 <COMMON> 75,297 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 365,183 <TOTAL-LIABILITIES-AND-EQUITY> 5,037,988 <INTEREST-LOAN> 77,987 <INTEREST-INVEST> 15,470 <INTEREST-OTHER> 3,562 <INTEREST-TOTAL> 97,019 <INTEREST-DEPOSIT> 42,265 <INTEREST-EXPENSE> 44,377 <INTEREST-INCOME-NET> 52,642 <LOAN-LOSSES> 2,000 <SECURITIES-GAINS> (15) <EXPENSE-OTHER> 37,697 <INCOME-PRETAX> 27,089 <INCOME-PRE-EXTRAORDINARY> 27,089 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 17,772 <EPS-PRIMARY> 1.18 <EPS-DILUTED> 1.18 <YIELD-ACTUAL> 4.71 <LOANS-NON> 13,283 <LOANS-PAST> 2,768 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 16,543 <ALLOWANCE-OPEN> 43,578 <CHARGE-OFFS> 1,868 <RECOVERIES> 508 <ALLOWANCE-CLOSE> 44,218 <ALLOWANCE-DOMESTIC> 44,218 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 6,504