SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Act of 1934
Date of Report (Date of earliest event reported): July 15, 1997
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CENTURA BANKS, INC.
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(Exact name of registrant as specified in charter)
North Carolina 1-10646 56-1688522
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(State of Incorporation)(Commission File Number)(IRS Employer Identification No.)
134 North Church Street, Rocky Mount, North Carolina 27804
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(Address of principal executive office) (Zip code)
Registrant's telephone number, including area code: (919) 977-4400
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N/A
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(Former name or former address, if changed since last report)
Exhibit Index on Page 4.
t:\brass\sec\/8K\8-K.doc
Item 2. Acquisition or Disposition of Assets:
On July 15, 1997, Centura Banks, Inc. ("Centura") announced it had reached an
agreement to purchase five banking centers from NationsBank. The five offices
have deposits of approximately $92 million and loans of approximately $55
million. A press release is attached as Exhibit 99.
Item 7. Financial statements and Exhibits.
The exhibit listed in the Exhibit Index is filed herewith as part of this
Current Report on Form 8-K.
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.
CENTURA BANKS, INC.
Registrant
Date: July 15, 1997 By: /s/ Steven Goldstein
Steven Goldstein
Chief Financial Officer
EXHIBIT INDEX
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Exhibit Description of Exhibit Number
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99 Press release dated July 15, 1997 5
For Immediate Release
July 15, 1997
For more information contact: Steven Goldstein
Chief Financial Officer
(919) 977-8356
sgoldstein@centura.com
CENTURA TO ACQUIRE 5 NATIONSBANK BRANCHES
ROCKY MOUNT, N.C. -- Centura Banks Inc. (NYSE:CBC) has reached an
agreement to purchase five banking centers from NationsBank. The five offices
have deposits of approximately $92 million and loans of approximately $55
million. The acquisition will strengthen Centura's already significant market
share and customer base in the central and eastern regions of North Carolina.
"The acquisition is an excellent strategic fit for Centura," said Cecil
W. Sewell, Centura's chairman and chief executive officer. "The five banking
centers complement Centura's existing franchise, particularly in eastern regions
of North Carolina, and fit well with our pending acquisition of 13 offices from
Branch Banking and Trust Company."
The offices are located in the towns of Calabash, Dunn, Harmony,
Richlands -- new markets for Centura -- and Hertford. The transaction, which is
subject to approval by appropriate regulatory agencies, is expected to be
finalized during the fourth quarter.
With assets of $6.7 billion, Centura provides a complete line of
banking, investment, insurance and trust services to individuals and businesses
throughout North Carolina and the Tidewater region of Virginia. Services are
provided through 172 financial centers; more than 265 ATMs at financial centers,
Wal-Mart and Sam's stores; the Centura Highway telephone banking center; and
Quicken, Quick-Books and Microsoft Money, the leading financial software
packages. Additional information about Centura is available on its web site at
www.centura.com.
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