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CCB FINANCIAL INCREASES DIVIDEND

 DURHAM, N.C., July 20 /PRNewswire/ -- At its regular quarterly meeting, the board of directors of CCB Financial Corporation (NASDAQ-NMS: CCBF) increased the quarterly cash dividend on common stock to $.32 from $.30.
 The dividend is payable Oct. 1, 1993, to shareholders of record Sept. 15, 1993.
 According to W.L. Burns Jr., chairman of the board of CCB Financial Corporation, "CCB Financial has increased its dividend for 29 consecutive years and has paid a cash dividend each year since 1933. Only a small number of companies can match this achievement."
 In the 1993 edition of Moody's Handbook of Dividend Achievers, CCB Financial has been recognized for its record in increasing the payment of cash dividends. Out of more than 13,000 companies that Moody's follows, they recognize only 325 as dividend achievers, those who have increased the cash payment of dividends for at least 10 consecutive years.
 Of the 325 companies recognized, only 39 banking institutions are included. Of that group, CCB Financial Corporation ranks second behind U.S. Bankcorp of Portland, which has increased its dividend for 33 consecutive years.
 -0- 7/20/93
 /CONTACT: W. Harold Parker Jr. of CCB Financial Corporation, 919-683-7631/
 (CCBF)


CO: CCB Financial Corporation ST: North Carolina IN: FIN SU: DIV

BR -- CH012 -- 3500 07/20/93 15:25 EDT
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Publication:PR Newswire
Date:Jul 20, 1993
Words:217
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