U. S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. See Instructions 1(b).
1.Name and Address of Reporting Person
Richard L. Furr
c/o CCB Financial Corporation
P.O. Box 931
Durham, NC 27702
2.Issuer Name and Ticker or Trading Symbol
CCB Financial Corporation
(CCB)
3.IRS or Social Security Number of Reporting Person (Voluntary)
###-##-####
4.Statement for Month/Year
November 1996
5.If Amendment, date of Original (Month/Year)
6.Relationship of Reporting Person to Issuer (Check all applicable)
( ) Director( ) 10% Owner ( x ) Officer (give title below)
( ) Other
Officer Title Executive Vice President
<TABLE>
<CAPTION>
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1. Title of 2. 3. 4. Securities 5. Amount of 6.Direct 7.Nature
Security Transaction Acquired (A) or Securities (D) or of
Disposed of (D) Beneficially Indirect Beneficial
Date Code (A) Owned at End (I) Ownership
V Amount or (D) Price of Month
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<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
Common stock 11/19/96 X 2,367 shares A 36.63 17,789 D -
Common stock see
(1) R V 39 shares A 52.89 345 See (1) By spouse
Common stock see
(1) R V 302 shares A 52.89 2,626 See (1) -
Common stock 2,000 I Spouse
custodian for
minor child
Common stock 1,450 I By spouse
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<CAPTION>
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Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1. Title 2. Conversion 3. Date 4. Code 5. Number of 6. Date 7.Title 8. Price 9.Num- 10. Owner- 11. Nature
of Deriv- or Exercise Derivative Exercisable and of ber of ship Form of Indirect
ative Price of Securities and Amount of Deriv- Deriv- of Deriv- Beneficial
Derivative Acquired Expiration Underlying ative ative ative Ownership
Security (A) or Date Securities Secur- Secur- Security:
Disposed ities Direct
of (D) Benefi- (D) or
exercisable cally Indirect (I)
expiration Title, Owned at
V Number of End of
Shares Month
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Incentive 33.50 12/31/94 common 2,386 D -
Option (2) 4/19/04 stock
2,386
Incentive 36.625 11/19/96 X 2,367 D 3/21/96 common 1,153 D -
Option (3) 3/21/05 stock
2,367
Incentive 60.0625 3/12/97 common 3,000 D -
Option (4) 3/12/06 stock
3,000
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</TABLE>
Footnotes (as applicable):
(1) Owned under the Corporation's Dividend Reinvestment Plan. The shares listed
in Column 4. were acquired from April 1, 1996 to November 30, 1996 pursuant
to reinvested dividends.
The price shown is the weighted average price per share of the shares acquired.
(2) Options vest ratably over a three-year period beginning December 31, 1994.
(3) Options vest ratably over a three-year period beginning March 21, 1996.
(4) Options vest ratably over a three-year period beginning March 12, 1997.
SIGNATURE OF REPORTING PERSON
/s/ RICHARD L. FURR
DATE
December 10, 1996
