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CENTURA COMPLETES MERGER WITH BREVARD FEDERAL

 ROCKY MOUNT, N.C., April 19 /PRNewswire/ -- Centura Banks Inc. (NYSE: CBC) announced today the completion of its merger with Brevard Federal Savings and Loan in Brevard. Brevard Federal was a mutually- owned thrift with approximately $134 million in assets and five branch locations. As part of the merger, Brevard Federal was converted to stock ownership and simultaneously combined with Centura. All of Brevard Federal's offices have reopened as branches of Centura.
 "Brevard Federal is a sound, well-run institution with a strong customer base," said Robert R. Mauldin, Centura's chairman and president. "The merger with Brevard builds upon our growing franchise throughout North Carolina and should provide many long-term benefits to the bank."
 With approximately $3 billion in assets, Centura Banks Inc. offers a broad range of financial services through its subsidiaries, Centura Bank and Mid-South Bank and Trust Co. It now operates 135 branches in 77 cities located throughout North Carolina.
 -0- 4/19/93
 /CONTACT: A. Douglas Haynes, Director of Marketing, Centura Banks, 919-977-8429/
 (CBC)


CO: Centura Banks Inc.; Brevard Federal Savings and Loan ST: North Carolina IN: FIN SU: TNM

CM -- CH006 -- 7294 04/19/93 10:39 EDT
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Publication:PR Newswire
Date:Apr 19, 1993
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