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CCB-SHELBY SAVINGS BANK TRANSACTION TERMINATED

 DURHAM, N.C., Sept. 16 /PRNewswire/ -- CCB Financial Corporation (NASDAQ-NMS: CCBF) announced today that it was concurring in the decision of the Board of Directors of Shelby Savings Bank, SSB, Shelby, N.C., for Shelby Savings to withdraw its application to effect the previously announced conversion/acquisition with CCB.
 E.C. Roessler, president of CCB Financial Corporation, commented: "We were looking forward with great anticipation to entering and becoming a part of the Shelby and Cleveland County community with our proposed affiliation with Shelby Savings Bank. We are deeply disappointed and regret that we cannot do this due to the apparent lack of support for this transaction in that community. Shelby Savings is a fine financial institution. We wish them continued success in the future."
 -0- 9/16/93
 /CONTACT: W. Harold Parker Jr. of CCB Financial Corporation, 919-683-7631/
 (CCBF)


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

SB -- CH006 -- 2690 09/16/93 12:47 EDT
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Publication:PR Newswire
Date:Sep 16, 1993
Words:164
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