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CCB COMPLETES ACQUISITION OF GRAHAM SAVINGS BANK, SSB

 DURHAM, N.C., Oct. 1 /PRNewswire/ -- CCB Financial Corporation (NASDAQ-NMS: CCBF), Durham, N.C., announced today that it had consummated its acquisition of Graham Savings Bank, SSB, Graham, N.C. Graham Savings has changed its name to Graham Savings Bank, Inc., SSB and will continue to conduct its financial services business through its two full service locations.
 At June 30, 1993, CCB had total assets of $2,834,784,555, total deposits of $2,500,290,765, and shareholders' equity of $212,123,370. At Sept. 30, 1992, Graham Savings had total assets of $109,121,926, total deposits of $93,408,727, and retained earnings of $14,958,382.
 -0- 10/1/93
 /CONTACT: W. Harold Parker Jr. of CCB Financial Corporation, 919-683-7631/
 (CCBF)


CO: CCB Financial Corporation; Graham Savings Bank, Inc., SSB ST: North Carolina IN: FIN SU: TNM

MM -- CH011 -- 7899 10/01/93 15:37 EDT
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Publication:PR Newswire
Date:Oct 1, 1993
Words:150
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