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CENTURA'S INVESTMENT RECORD RANKS AMONG NATION'S BEST

 ROCKY MOUNT, N.C., Dec. 14 /PRNewswire/ -- Centura Bank's investment performance for the last five years has been ranked among the nation's best by two investment rating organizations.
 The organizations, Pensions & Investments Performance Evaluation Report (PIPER) and CDA Investment Technologies Inc., are recognized nationally for their expertise in rating the performance of bank investment funds, such as commingled funds and common trust funds.
 Performance is measured for each quarter, year-to-date, and for the last three- and five-year periods. The performance of several of Centura's equity funds ranked among the best fund managers in the nation, as measured by the two rating services.
 The company's highest-performing funds were the Carolinas Fund, a small capitalization specialty fund comprised of stocks of companies headquartered in, or doing significant business in, North and South Carolina, and two Equity Growth Funds, one for individuals and one for employee benefit plans.
 "We are very pleased that Centura is finally being recognized for our expertise in managing money," said John Bell, executive vice president and director of trust and investment services for Centura. "This is an independent confirmation that Centura provides consistent, high-yielding investment management that is as good as you can find anywhere."
 Bell said the track record established with the performance of Centura's bank funds is a sound base from which to expand the company's investment products. Additional products under consideration include a Centura family of mutual funds.
 Centura is a $3.6 billion bank offering a full range of financial services through more than 140 offices throughout North Carolina.
 -0- 12/14/93
 /CONTACT: John Bell, director of Trust and Investment Services, Centura Bank, 919-977-4431/
 (CBC)


CO: Centura Bank ST: North Carolina IN: FIN SU:

DF -- CH004 -- 3589 12/14/93 11:01 EST
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Publication:PR Newswire
Date:Dec 14, 1993
Words:290
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