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) November 17, 1994
CCB FINANCIAL CORPORATION
(Exact name of registrant as specified in its charter)
North Carolina 0-12358 56-1347849
(State or other (Commission File No.) (IRS Employer
jurisdiction of Identification No.)
incorporation)
111 Corcoran Street, Post Office Box 931, Durham, NC 27702
(Address of principal executive offices)
Registrant's telephone number, including area code (919) 683-7777
N/A
(Former name or former address, if
changed since last report)
Item 5. Other Events
On November 17, 1994, the Registrant issued a press release
announcing that prior to, and in connection with, its proposed
combination with Security Capital Bancorp ("Security Capital"), the
Registrant intends to acquire shares of Security Capital on the open
market.
The Registrant announced earlier its intention to repurchase up to 9%
of the number of shares proposed to be issued to the shareholders of
Security Capital in connection with the merger. As of November 30,
1994, the Registrant had repurchased and retired 78,405 shares of its
common stock.
Item 7. Financial Statements and Exhibits
(a) Financial statements
None
(b) Exhibits
99.1 Press release by CCB Financial Corporation dated
November 17, 1994
EXHIBIT INDEX
Sequential
Exhibit No. Page No.
Press release by CCB Financial Corporation
dated November 17, 1994 99.1 5
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 thereunto duly authorized.
CCB FINANCIAL CORPORATION
Registrant
Date: December 8, 1994 By: W. HAROLD PARKER, JR.
W. Harold Parker, Jr.
Senior Vice President
and Controller
NEWS RELEASE
For further information please contact:
W. Harold Parker, Jr. (919) 683-7631
For Immediate Release November 17, 1994
CCB FINANCIAL ANNOUNCES INTENTION TO PURCHASE SHARES OF
SECURITY CAPITAL BANCORP COMMON STOCK
Durham, North Carolina-----CCB Financial
Corporation announced today that, prior to and in connection
with its previously announced combination
with Security Capital Bancorp (Nasdaq:SCBC), it
intends to purchase on the open market shares of
Security Capital's outstanding common stock.
Ernest C. Roessler, President and Chief
Executive Officer of CCB explained: "CCB
previously announced that it began a program to
repurchase shares of its own common stock on the
open market or in private transactions. Purchases of
Security Capital stock are the equivalent of
purchases of CCB stock and will serve the same
purpose."
The CCB-Security Capital combination is
expected to be consummated, subject to shareholder
and regulatory approvals, during the second quarter
of 1995. CCB will issue .50 of a share of its common
stock for each Security Capital Bancorp share.
Mr. Roessler stated that: "CCB and
Security Capital are moving along on schedule with
the combination. We will keep our respective
shareholders advised of all material events as they
occur."
Nasdaq National Market Symbol: CCBF
