Exhibit 99.1

The Board of Directors and Shareholders of
Centura Banks, Inc.

In our opinion, the accompanying consolidated balance sheets and the related
consolidated statements of income, of shareholders' equity and of cash flows
present fairly, in all material respects, the financial position of Centura
Banks, Inc. and its subsidiaries (the "Company") at December 31, 1999 and 1998,
and the consolidated results of their operations and their cash flows for the
three years in the period ended December 31, 1999, in conformity with accounting
principles generally accepted in the United States. These consolidated financial
statements are the responsibility of the Company's management; our
responsibility is to express an opinion on these consolidated financial
statements based on our audits. We conducted our audits of these statements in
accordance with auditing standards generally accepted in the United States,
which require that we plan and perform the audit to obtain reasonable assurance
about whether the financial statements are free of material misstatement. An
audit includes examining, on a test basis, evidence supporting the amounts and
disclosures in the financial statements, assessing the accounting principles
used and significant estimates made by management, and evaluating the overall
financial statement presentation. We believe that our audits provide a
reasonable basis for the opinion expressed above.


/s/ PricewaterhouseCoopers LLP

Raleigh, North Carolina
March 6, 2000