STONE STREET BANCORP, INC.
                              232 SOUTH MAIN STREET
                        MOCKSVILLE, NORTH CAROLINA 27028

                         REVOCABLE APPOINTMENT OF PROXY
                       SOLICITED BY THE BOARD OF DIRECTORS

     The undersigned hereby appoints Donald G. Bowles, J. Charles Dunn and
Ronald H. Vogler (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 Stone Street Bancorp, Inc. (the
"Company") held of record by the undersigned on July 21, 1999 at the Special
Meeting of Shareholders of the Company (the "Special Meeting") to be held at the
Davie County Public Library, 371 North Main Street, Mocksville, North Carolina,
at 5:00 p.m. E.D.S.T., on September 21, 1999, 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 Amended and
         Restated Agreement of Combination, dated as of June 22, 1999, among the
         Company, Stone Street Bank and Trust, CCB Financial Corporation
         ("CCB"), CCBFC, Inc., and Central Carolina Bank and Trust Company and
         the related Plan of Merger (collectively, "Merger Agreement"), and to
         approve transactions described therein, with the result that the
         Company will merge into CCBFC, Inc., a subsidiary of CCB.

         FOR [ ]             AGAINST [ ]         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 THE COMPANY 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 August 2, 1999, and the accompanying Proxy
Statement-Prospectus of the Company and CCB.

                                              Dated:             , 1999
                                                    -------------

                                  ------------------------------------
                                  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.