EXHIBIT 99.2
 
                           CCB FINANCIAL CORPORATION
                              111 Corcoran Street
                              Post Office Box 931
                          Durham, North Carolina 27702
 
                         REVOCABLE APPOINTMENT OF PROXY
                      SOLICITED BY THE BOARD OF DIRECTORS
 
   The undersigned hereby appoints W. Harold Parker, Jr., Leo P. Pylypec and
Manuel L. Rojas (the "Proxies"), and each of them, with full power of
substitution and hereby authorizes them to represent and vote, as directed
below, all shares of the common stock of CCB Financial Corporation ("CCBF") held
of record by the undersigned on June 10, 1997 at the Special Meeting of
Shareholders of CCBF (the "Special Meeting") to be held at the Durham Omni
Hotel, 201 Foster Street, Durham, North Carolina at 11:00 o'clock, a.m.,
E.D.S.T., on Thursday, July 31, 1997, and at any adjournments thereof. The
undersigned hereby directs that the shares represented by this appointment of
proxy be voted as follows on the proposals listed below:
 
    1. PROPOSAL TO APPROVE MERGER. Proposal to approve the Agreement and Plan of
       Reorganization, dated as of February 17, 1997, between CCBF and American
       Federal Bank, FSB ("AFB") and the related Plan of Merger and Combination
       (collectively, the "Merger Agreement"), and to approve the transactions
       described therein, including without limitation the issuance of up to a
       maximum of 5,102,030 shares of CCBF's $5.00 par value common stock (each
       with an attached preferred stock purchase right) in exchange for the
       outstanding shares of AFB's common stock, with the result that AFB will
       become a wholly-owned subsidiary of CCBF.
 
       M FOR                 M AGAINST                 M ABSTAIN
 
    2. OTHER BUSINESS. On such other matters as properly come before the Special
       Meeting, the Proxies are authorized to vote the shares represented by
       this appointment of proxy in accordance with their best judgment.
 
    PLEASE MARK, SIGN AND DATE THIS APPOINTMENT OF PROXY ON THE REVERSE SIDE AND
    PROMPTLY RETURN IT USING THE ENCLOSED ENVELOPE.
 

   THE SHARES REPRESENTED BY THIS APPOINTMENT OF PROXY WILL BE VOTED AS DIRECTED
ABOVE. IN THE ABSENCE OF ANY DIRECTION, THE PROXIES WILL VOTE THE SHARES
REPRESENTED BY THIS APPOINTMENT OF PROXY FOR PROPOSAL 1. SHOULD OTHER MATTERS
PROPERLY COME BEFORE THE SPECIAL MEETING, THE PROXIES WILL BE AUTHORIZED TO VOTE
THE SHARES REPRESENTED BY THIS APPOINTMENT OF PROXY IN ACCORDANCE WITH THEIR
BEST JUDGMENT. THIS APPOINTMENT OF PROXY MAY BE REVOKED BY THE HOLDER OF THE
SHARES TO WHICH IT RELATES AT ANY TIME BEFORE IT IS EXERCISED BY FILING WITH THE
SECRETARY OF CCBF A WRITTEN INSTRUMENT REVOKING IT OR A DULY EXECUTED
APPOINTMENT OF PROXY BEARING A LATER DATE OR BY ATTENDING THE SPECIAL MEETING
AND ANNOUNCING HIS OR HER INTENTION TO VOTE IN PERSON.
 
   By signing this proxy, the undersigned hereby acknowledges receipt of the
Notice of Special Meeting dated June  , 1997, and the accompanying
Prospectus/Joint Proxy Statement of CCBF and AFB.
                                              Dated:                      , 1997
 
                                              Signature of Owner of Shares
 
                                              Signature of Joint Owner of
                                              Shares, if any
 
                                              INSTRUCTION: Please sign above
                                              exactly as your name appears on
                                              this appointment of proxy. Joint
                                              owners of shares should both sign.
                                              Fiduciaries or other persons
                                              signing in a representative
                                              capacity should indicate the
                                              authorized capacity in which they
                                              are signing.
 
IMPORTANT: TO ENSURE THAT A QUORUM IS PRESENT AT THE SPECIAL MEETING, PLEASE
SEND IN YOUR APPOINTMENT OF PROXY WHETHER OR NOT YOU PLAN TO ATTEND. EVEN IF YOU
SEND IN YOUR APPOINTMENT OF PROXY, YOU WILL BE ABLE TO VOTE IN PERSON AT THE
SPECIAL MEETING IF YOU SO DESIRE.