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
J. Scott Edwards
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) or Owned at End (I) Ownership
V Amount (D) Price of Month
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
Common stock 11/21/96 X 1,156 shares A 36.625 17,789 D -
Common stock see
(1) R V 469 shares A 52.89 4,692 see (1) -
Common stock 11/1/96 J V 262 shares D n/a (5) 0 I By son
<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 ity ities Direct (D)
of (D) Benefi- or (I)
Title, cally Indirect
exercisable Number Owned
expiration of shares At End
V Of Month
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<S> <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
1,193
Incentive 36.625 11/21/96 X 1,156 D 3/21/96 common 2,314 D -
Option (3) 3/21/05 stock
2,314
Incentive 50.0625 3/12/97 common 2,950 D -
Option (4) 3/12/06 stock
2,950
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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.
(5) Son is no longer a minor and Reporting Person disclaims beneficial
ownership.
SIGNATURE OF REPORTING PERSON
/s/ J. SCOTT EDWARDS
DATE
December 10, 1996
