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NCNB TRUST GROUP CONTINUES TO EARN HIGH NATIONAL RANKINGS

    NCNB TRUST GROUP CONTINUES TO EARN HIGH NATIONAL RANKINGS
    CHARLOTTE, N.C., Nov. 4 /PRNewswire/ -- NCNB's Trust Group continues to earn high national rankings with the performance of its equity and fixed-income funds.
    NCNB's Growth Equity Fund placed in the top 3 percent nationally in data recently released by CDA Investment Technologies Inc., an independent measurement service. The fund achieved a return of 121.90 percent -- a 17.3 percent compounded annual return -- for the five-year period ending September 30, 1991, outperforming 97 percent of the equity funds in the survey.
    Complementing the equity return, NCNB's fixed income funds have generated top rankings. NCNB's Employee Benefit Mortgage- Backed Securities Fund ranked first in the CDA fixed-income fund universe during the same five-year period.
    "Outperforming the majority of other money managers to such a degree is a significant accomplishment," said Donald G. Berdine, director of NCNB Trust Portfolio Management. "Our long-term track record is testimony to the strength of NCNB's investment approach and its people."
    CDA Investment Technologies ranks investment funds managed by more than 2,200 banks, insurance companies and mutual funds across the United States. It is a respected performance measurement service based in Rockville, Maryland.
    The NCNB Trust Group is the 15th largest trust organization in the United States with $74 billion in total assets, including $26 billion under discretionary investment management. Its clients include individual trust accounts, corporate retirement plans, foundations, endowments and public entities.
    -0-                          11/4/91
    /CONTACT:  Ellison Clary of NCNB Corporation, 704-386-8633/
    (NCB) CO:  NCNB Trust Group ST:  North Carolina IN:  FIN SU: CM -- CH004 -- 0665 11/04/91 10:54 EST
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Publication:PR Newswire
Date:Nov 4, 1991
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