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)
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
07/00
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
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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 07/05/00 (1)U 56,688 D 0 D Direct
Common Stock 07/05/00 U 2,078 D 0 I by Daughter
Common Stock 07/05/00 U 9,460 D 0 I by Spouse
<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 $10.6040 07/05/00 U 34,500 04/28/93 04/28/03
to buy)
Incentive Stock Option (right $13.3427 07/05/00 U 7,742 10/20/94 10/20/04
to buy)
Incentive Stock Option (right $15.4495 07/05/00 U 1,334 04/26/95 04/26/05
to buy)
Incentive Stock Option (right $17.4158 07/05/00 U 1,334 04/24/96 04/24/06
to buy)
Incentive Stock Option (right $31.4607 07/05/00 U 1,334 04/23/97 04/23/07
to buy)
Incentive Stock Option (right $40.9375 07/05/00 U 4,884 08/01/98 08/01/07
to buy)
Incentive Stock Option (right $55.6250 07/05/00 U 1,797 03/22/00 03/22/09
to buy)
Incentive Stock Option (right $55.9688 07/05/00 U 5,358 03/17/99 03/17/08
to buy)
Non-Qualified Stock Option $40.9375 07/05/00 U 6,496 08/01/97 08/01/07
(right to buy)
Non-Qualified Stock Option $55.6250 07/05/00 U 12,003 03/22/00 03/22/09
(right to buy)
Non-Qualified Stock Option $55.9688 07/05/00 U 7,742 03/17/99 03/17/08
(right to buy)
Non-Qualified Stock Option $55.9688 07/05/00 U 260 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)
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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 34,500 0 D Direct
to buy)
Incentive Stock Option (right 07/05/00 Common Stock 7,742 0 D Direct
to buy)
Incentive Stock Option (right 07/05/00 Common Stock 1,334 0 D Direct
to buy)
Incentive Stock Option (right 07/05/00 Common Stock 1,334 0 D Direct
to buy)
Incentive Stock Option (right 07/05/00 Common Stock 1,334 0 D Direct
to buy)
Incentive Stock Option (right 07/05/00 Common Stock 4,884 0 D Direct
to buy)
Incentive Stock Option (right 07/05/00 Common Stock 1,797 0 D Direct
to buy)
Incentive Stock Option (right 07/05/00 Common Stock 5,358 0 D Direct
to buy)
Non-Qualified Stock Option 07/05/00 Common Stock 6,496 0 D Direct
(right to buy)
Non-Qualified Stock Option 07/05/00 Common Stock 12,003 0 D Direct
(right to buy)
Non-Qualified Stock Option 07/05/00 Common Stock 7,742 D Direct
(right to buy)
Non-Qualified Stock Option 07/05/00 Common Stock 260 0 D Direct
(right to buy)
<FN>
Explanation of Responses:
(1)
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/ By: W. Harold Parker, Jr.
For: William L. Abercrombie, Jr.
DATE 07/24/00
