ITEM 5: OTHER MATTERS

As of June 22, 1995, CBC Bancorp, Inc. (the "Company") is in the process
of completing steps which will enable its common stock to be quoted on
the Over-the-Counter Bulletin Board.  The Company was notified by NASDAQ
that the Company's common stock will no longer be listed on the NASDAQ
SmallCap Market due to listing criteria.

Barbara Van Bergen
Vice President

June 23, 1995