UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 5
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
[ ] Check box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue.
[ ] Form 3 Holdings Reported
[ ] Form 4 Transactions Reported
1. Name and Address of Reporting Person(s)
Edwards, J. Scott
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
12/99
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
[ ] Director [ ] 10% Owner
[X] Officer (give title below) [ ] Other (specify below)
Executive Vice President
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
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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 Amount D Price End of Year I
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C><C> <C> <C><C>
Common Stock 12/31/99 (1)R 868 A $49.5500 78,901 D Direct
<CAPTION>
Table II (PART 1) Derivative Securitites 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 A D Exercisable Expiration
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Incentive Stock Option (right $18.3125 03/21/96 03/21/05
to buy)
Incentive Stock Option (right $25.0313 03/12/97 03/12/06
to buy)
Incentive Stock Option (right $31.9375 03/01/97 03/31/07
to buy)
Incentive Stock Option (right $55.6250 03/22/99 03/22/09
to buy)
Incentive Stock Option (right $55.9688 03/17/99 03/17/08
to buy)
Non-Qualified Stock Option $31.9375 03/31/97 03/31/07
(right to buy)
Non-Qualified Stock Option $55.6250 03/22/99 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 Securitites 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 Year
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Incentive Stock Option (right Common Stock 2,314 2,314 D Direct
to buy)
Incentive Stock Option (right Common Stock 5,900 5,900 D Direct
to buy)
Incentive Stock Option (right Common Stock 524 524 D Direct
to buy)
Incentive Stock Option (right Common Stock 1 1 D Direct
to buy)
Incentive Stock Option (right Common Stock 4,478 4,478 D Direct
to buy)
Non-Qualified Stock Option Common Stock 13,756 13,756 D Direct
(right to buy)
Non-Qualified Stock Option Common Stock 14,279 14,279 D Direct
(right to buy)
Non-Qualified Stock Option Common Stock 9,802 9,802 D Direct
(right to buy)
<FN>
Explanation of Responses:
(1)
Owned under the Issuer's Dividend Reinvestment and Stock Purchase Plan. The shares were acquired through the period up to the
Reporting Date. The price shown is the weighted average price per share of the shares acquired. All shares were acquired pursuant
to the reinvestment of dividends.
</FN>
</TABLE>
SIGNATURE OF REPORTING PERSON
/S/ Edwards, J. Scott
DATE
February 7, 2000
