SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 22, 1995
UNITED CAROLINA BANCSHARES CORPORATION
(Exact name of registrant as specified in its charter)
NORTH CAROLINA 05583 56-0954530
(State or other (Commission (IRS Employer
jurisdiction of incorporation) File Number) Identification No.)
127 West Webster Street, Whiteville, North Carolina 28472
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (910) 642-5131
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INFORMATION TO BE INCLUDED IN THE REPORT
Item 5. Other Events
On May 22, 1995, Registrant's wholly owned subsidiary, United Carolina
Bank consummated its acquisition of twelve North Carolina branch banking offices
which were required to be divested by BB&T Financial Corporation and Southern
National Corporation in their merger-of-equals transaction. In the acquisition,
United Carolina Bank assumed $178.6 million in deposits and purchased $25.3
million in loans from the divesting institutions. The newly acquired United
Carolina Bank branch banking offices are located in the following North Carolina
cities: three in Goldsboro, and one each in Fremont, La Grange, Eureka, Sanford,
Aberdeen, Statesville, Troutman, Elkin and Dobson.
At March 31, 1995, prior to consummation of the transaction described
above, Registrant's banking subsidiaries operated 133 branch offices in North
and South Carolina and Registrant had total consolidated assets of approximately
$3.4 billion.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: June 1, 1995
UNITED CAROLINA BANCSHARES CORPORATION
by s/Howard V. Hudson, Jr.
Howard V. Hudson, Jr.
General Counsel and Secretary
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