UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
[ ] Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue.
1. Name and Address of Reporting Person(s)
Abercrombie, Jr., William L.
P.O. Box 931
Durham, NC 27702
2. Issuer Name and Ticker or Trading Symbol
CCB Financial Corporation (CCB)
3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)
4. Statement for Month/Year
03/00
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
[X] Director [ ] 10% Owner
[X] Officer (give title below) [ ] Other (specify below)
Vice Chairman; CEO of American
Federal Bank subsidiary
7. Individual or Joint/Group Filing (Check Applicable Line)
[X] Form filed by One Reporting Person
[ ] Form filed by More than One Reporting Person
<TABLE>
<CAPTION>
Table I Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
- ------------------------------------------------------------------------------------------------------------------------------------
1)Title of Security 2)Trans- 3.Trans- 4.Securities Acquired(A) 5)Amount of 6) 7)Nature of
action action or Disposed of (D) Securities Indirect
Date Code A Beneficially D Beneficial
(Month/ or Owned at or Ownership
Day/Year) Code V Amount D Price End of Month I
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C><C> <C> <C><C>
Common Stock 03/13/00 M 10,000 A $10.6040 56,688 D Direct
Common Stock 2,078 I by Daughter
Common Stock 9,460 I by Spouse
<CAPTION>
Table II (PART 1) Derivative Securities Acquired, Disposed of, or Beneficially Owned (Columns 1 through 6)
- ------------------------------------------------------------------------------------------------------------------------------------
1)Title of Derivative 2)Conversion 3)Trans- 4)Trans- 5)Number of Derivative 6)Date Exercisable and
Security or Exercise action action Securities Acquired (A) Expiration Date
Price of Date Code or Disposed of (D)
Derivative
Security Code V A D Exercisable Expiration
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Incentive Stock Option (right $10.6040 03/13/00 M 10,000 04/28/03
to buy)
Incentive Stock Option (right $13.3427 10/20/94 10/20/04
to buy)
Incentive Stock Option (right $15.4495 04/26/95 04/26/05
to buy)
Incentive Stock Option (right $17.4158 04/24/96 04/24/06
to buy)
Incentive Stock Option (right $31.4607 04/23/97 04/23/07
to buy)
Incentive Stock Option (right $40.9375 08/01/98 08/01/07
to buy)
Incentive Stock Option (right $55.6250 03/22/00 03/22/09
to buy)
Incentive Stock Option (right $55.9688 03/17/99 03/17/08
to buy)
Non-Qualified Stock Option $40.9375 08/01/97 08/01/07
(right to buy)
Non-Qualified Stock Option $55.6250 03/22/00 03/22/09
(right to buy)
Non-Qualified Stock Option $55.9688 03/17/99 03/17/08
(right to buy)
<CAPTION>
Table II (PART 2) Derivative Securities Acquired, Disposed of, or Beneficially Owned (Columns 1,3 and 7 through 11)
- ------------------------------------------------------------------------------------------------------------------------------------
1)Title of Derivative 3)Trans- 7)Title and Amount 8)Price 9)Number of 10) 11)Nature of
Security action of Underlying of Deri- Derivative Indirect
Date Securities vative Securities D Beneficial
Amount or Security Beneficially or Ownership
Number of Owned at I
- Title Shares End of Month
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Incentive Stock Option (right 03/13/00 Common Stock 10,000 34,500 D Direct
to buy)
Incentive Stock Option (right Common Stock 7,742 7,742 D Direct
to buy)
Incentive Stock Option (right Common Stock 1,334 1,334 D Direct
to buy)
Incentive Stock Option (right Common Stock 1,334 1,334 D Direct
to buy)
Incentive Stock Option (right Common Stock 1,334 1,334 D Direct
to buy)
Incentive Stock Option (right Common Stock 4,884 4,884 D Direct
to buy)
Incentive Stock Option (right Common Stock 1,797 1,797 D Direct
to buy)
Incentive Stock Option (right Common Stock 5,358 5,358 D Direct
to buy)
Non-Qualified Stock Option Common Stock 6,496 6,496 D Direct
(right to buy)
Non-Qualified Stock Option Common Stock 12,003 12,003 D Direct
(right to buy)
Non-Qualified Stock Option Common Stock 8,002 8,002 D Direct
(right to buy)
<FN>
Explanation of Responses:
</FN>
</TABLE>
SIGNATURE OF REPORTING PERSON
/S/ Abercrombie, Jr., William L.
DATE
April 6, 2000
