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NATIONSBANK CORPORATION FORMED; NCNB CORPORATION AND C&S/SOVRAN CORPORATION FINALIZE MERGER

 NATIONSBANK CORPORATION FORMED; NCNB CORPORATION AND
 C&S/SOVRAN CORPORATION FINALIZE MERGER
 CHARLOTTE, N.C., Dec. 31 /PRNewswire/ -- NationsBank Corporation (NYSE: NB) became a reality today with the merger of NCNB Corp. (NYSE: NCB) and C&S/Sovran Corp. (NYSE: CVN).
 "Today's historic merger creates one of the nation's premier banking instituions," said Hugh L. McColl Jr., president and chief executive officer of NationsBank Corp.
 "NationsBank is uniquely positioned in its region. The company's market breadth and financial strength will provide value for our shareholders and unparalleled service for our customers. The company's vast resources will make a difference in every community we serve."
 NationsBank Corp. spans a nine-state region, from Maryland to Texas, with approximately 1,900 banking offices.
 As was announced last July, C&S/Sovran shareholders will receive .84 shares of NCNB stock for each C&S/Sovran share held.
 Effective January 2, 1992, the NYSE ticker symbol for NationsBank stock will be NB. It is anticipated that most newspaper stock listings will designate the stock as NatnsBk. NationsBank is listed on the New York, Tokyo and Pacific stock exchanges.
 NationsBank Corp. is the third largest bank holding company in the United States. On September 30, the combined company would have reported $119 billion in assets and full-service offices in Maryland, Washington, D.C., Virginia, North Carolina, South Carolina, Georgia, Florida, Kentucky, Tennessee and Texas.
 -0- 12/31/91
 /CONTACT: Virginia Mackin, NationsBank Corporation, 704-386-5501, or 704-875-1228 (home)/
 (NB NCB CVN) CO: NationsBank Corporation; NCNB Corporation; C&S/Sovran Corporation ST: North Carolina, Georgia IN: FIN SU: TNM


DF -- CH003 -- 5890 12/31/91 12:58 EST
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Publication:PR Newswire
Date:Dec 31, 1991
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