UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
[X] 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)
Parker Jr, W. Harold
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
07/00
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)
Senior 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 V Amount D Price End of Month I
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<S> <C> <C> <C> <C><C> <C> <C><C>
Common Stock 07/03/00 R 22 A $43.4200 D Direct
Common Stock 07/03/00 (1)P 17 A $43.4200 D Direct
Common Stock 07/05/00 (2)J 25,852 D 0 D Direct
<CAPTION>
Table II (PART 1) Derivative Securities Acquired, Disposed of, or Beneficially Owned (Columns 1 through 6)
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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
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<S> <C> <C> <C> <C> <C> <C> <C>
Incentive Stock Option (right $18.3125 07/05/00 J 2,640 03/21/96 03/21/05
to buy)
Incentive Stock Option (right $25.0313 07/05/00 J 2,160 03/12/97 03/12/06
to buy)
Incentive Stock Option (right $31.9375 07/05/00 J 2,760 03/31/98 03/31/07
to buy)
Incentive Stock Option (right $39.7500 07/05/00 J 2,133 03/16/02 03/16/10
to buy)
Incentive Stock Option (right $47.2188 07/05/00 J 1,108 09/10/99 09/10/08
to buy)
Incentive Stock Option (right $55.6250 07/05/00 J 1,652 03/22/00 03/22/09
to buy)
Incentive Stock Option (right $55.9688 07/05/00 J 2,200 03/17/99 03/17/08
to buy)
Non-Qualified Stock Option $39.7500 07/05/00 J 1,067 03/16/01 03/16/10
(right to buy)
Non-Qualified Stock Option $47.2188 07/05/00 J 192 09/10/99 09/10/08
(right to buy)
Non-Qualified Stock Option $55.6250 07/05/00 J 748 03/22/00 03/22/09
(right to buy)
<CAPTION>
Table II (PART 2) Derivative Securities Acquired, Disposed of, or Beneficially Owned (Columns 1,3 and 7 through 11)
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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
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<S> <C> <C> <C> <C> <C> <C> <C>
Incentive Stock Option (right 07/05/00 Common Stock 2,640 0 D Direct
to buy)
Incentive Stock Option (right 07/05/00 Common Stock 2,160 0 D Direct
to buy)
Incentive Stock Option (right 07/05/00 Common Stock 2,760 0 D Direct
to buy)
Incentive Stock Option (right 07/05/00 Common Stock 2,133 0 D Direct
to buy)
Incentive Stock Option (right 07/05/00 Common Stock 1,108 0 D Direct
to buy)
Incentive Stock Option (right 07/05/00 Common Stock 1,652 0 D Direct
to buy)
Incentive Stock Option (right 07/05/00 Common Stock 2,200 0 D Direct
to buy)
Non-Qualified Stock Option 07/05/00 Common Stock 1,067 0 D Direct
(right to buy)
Non-Qualified Stock Option 07/05/00 Common Stock 192 0 D Direct
(right to buy)
Non-Qualified Stock Option 07/05/00 Common Stock 748 0 D Direct
(right to buy)
<FN>
Explanation of Responses:
(1)
Acquired through cash contributions made to the Issuer's Dividend Reinvestment and Stock Purchase Plan. The shares were acquired in
the period up to the Reporting Date. The price shown is the weighted average price per share of the shares acquired.
(2)
Each of the Reporting Person's shares of Issuer common stock were surrendered and exchanged for 2.45 shares of National Commerce
Bancorporation ("NCBC") common stock as a result of the merger of Issuer into NCBC. Additionally, each of the Reporting Person's
stock options with the right to buy Issuer common stock were converted into 2.45 stock options with the right to buy NCBC common
stock.
</FN>
</TABLE>
SIGNATURE OF REPORTING PERSON
/S/ Parker Jr, W. Harold
DATE 07/19/00
