2
UNITED STATES
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) May 13, 1997
CCB Financial Corporation
(Exact name of registrant as specified in its charter)
North Carolina 0-12358 56-1347849
(State or other jurisdiction (Commission File (IRS Employer
of incorporation) Number) Identification No.)
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.
Merger with American Federal. On February 17, 1997,
Registrant and American Federal Bank, FSB ("American Federal"),
Greenville, South Carolina, entered into a definitive agreement
under which American Federal would be merged into and with
Registrant. The transaction is anticipated to close early in the
third quarter of 1997. American Federal files the informational
reports required under the Securities Exchange Act of 1934 with
the Office of Thrift Supervision. This Form 8-K has been filed
with the Securities and Exchange Commission (the "Commission") to
make American Federal's Quarterly Report on Form 10-Q for the
quarter ended March 31, 1997 available to the Commission.
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
Exhibit 99.1 American Federal Bank, FSB's
Quarterly Report on Form 10-Q for the quarter
ended March 31, 1997.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, as amended, Registrant has duly caused this report to be
signed on its behalf by the undersigned hereunto duly authorized.
CCB FINANCIAL CORPORATION
Date: May 27, 1997 By: /s/ W. HAROLD PARKER, JR.
W. Harold Parker, Jr.
Senior Vice President and Controller