For Immediate Release


November 1, 1996


Contact:          Frank L. Pattillo
                           Chief Financial Officer
                           (919) 977-8341
                           fpattillo@centura.com



CENTURA COMPLETES ACQUISITION OF TECHNOLOGY LEASING COMPANY


         ROCKY MOUNT, N.C. -- Centura Banks Inc.  (NYSE:CBC) today completed its
acquisition of CLG Inc., a privately  owned company that  specializes in leasing
computer and  technology  equipment to companies  throughout  the United States.
Based in Raleigh, N.C., CLG also has offices in Charlotte and Wilmington,  N.C.,
Columbus, Ga., and Dallas, Texas.

         With  assets of $6.0  billion,  Centura  provides  a  complete  line of
banking, investment,  insurance and trust services to individuals and businesses
throughout  North  Carolina.  It provides  services  through 170 traditional and
supermarket financial centers, more than 230 ATMs at financial centers, Wal-Mart
and Sam's stores,  its Centura Highway  telephone  banking  center,  Quicken and
Microsoft Money, the leading  personal  finance software  packages,  and America
Online, the world's largest provider of online services.



         More information about Centura is available on the World Wide Web at
http://www.centura.com.