SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 11)
CCB FINANCIAL CORPORATION
(Name of Issuer)
COMMON STOCK, $5.00 PAR VALUE
(Title of Class of Securities)
12487510
(Cusip Number)
Check the following box if a fee is being paid with
this statement [ ] .
(A fee is not required only if the filing person: (1)
has a previous statement on file reporting beneficial
ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no
amendment subsequent thereto reporting beneficial
ownership of five percent or less of such class.) (See
Rule 13d-7.)
*The remainder of this cover page shall be filled out
for a reporting person's initial filing on this form
with respect to the subject class of securities, and
for any subsequent amendment containing information
which would alter the disclosure provided in a prior
cover page.
The information required in the remainder of this cover
page shall not be deemed to be "filed" for the purpose
of Section 18 of the Securities Exchange Act of 1934
("Act") or otherwise subject to the liabilities of that
section of the Act but shall be subject to all other
provisions of the Act (however, see the Notes).
(Continued on following page(s))
Page 1 of 5
CUSIP NO. 12487510 13G PAGE 2 OF 5 PAGES
1. NAME OF REPORTING PERSON
Central Carolina Bank and Trust Company 56-1373093
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
a.____
b._X__
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
A banking organization organized under the laws of
North Carolina. (The Reporting Person formerly was a
national bank and was converted to a state-chartered
bank during 1990.)
5. SOLE VOTING POWER
2,221,446
6. SHARED VOTING POWER
59,616
7. SOLE DISPOSITIVE POWER
1,329,273
8. SHARED DISPOSITIVE POWER
381,907
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
2,281,062
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
Yes
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.76%
12. TYPE OF REPORTING PERSON *
BK
AMENDMENT NO. 11
TO
SCHEDULE 13-G
Item 1(a).NAME OF ISSUER.
CCB Financial Corporation
Item 1(b).ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES.
111 Corcoran Street
Post Office Box 931
Durham, North Carolina 27702
Item 2(a).NAME OF PERSON FILING.
Central Carolina Bank and Trust Company (formerly,
Central Carolina Bank and Trust Company, N.A.)
Item 2(b).ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE,
RESIDENCE.
111 Corcoran Street
Post Office Box 931
Durham, North Carolina 27702
Item 2(c).CITIZENSHIP.
The reporting Person is a banking corporation
organized under the laws of North Carolina. (The
Reporting Person formerly was a national bank and
was converted to a state-chartered bank during
1990.)
Item 2(d).TITLE OF CLASS OF SECURITIES.
Common Stock, $5.00 par value per share
Item 2(e).CUSIP Number.
12487510
Item 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-
1(b), or 13d-2(b), CHECK WHETHER THE PERSON FILING
IS A:
(a) ____ Broker or Dealer registered under
Section 15 of the Act;
(b) __X_ Bank as defined in Section 3(a)(6) of
the Act;
(c) ____ Insurance Company as defined in
Section 3(a)(19) of the Act;
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(d) ____ Investment Company registered under
Section 8 of the Investment Act;
(e) ____ Investment adviser registered under
Section 203 of the Investment advisors Act of
1940;
(f) ____ Employee Benefit Plan, Pension Fund
which is subject to the provisions of the Employee
Retirement Income Security Act of 1974, or
Endowment Fund;
(g) ____ Parent Holding Company, in
accordance with Section 240.13d-1(b)(ii)(G);
(h) ____ Group, in accordance with Section
240.13d-1(b)(1)(ii)(H)
Item 4. OWNERSHIP.
(a) Amount Beneficially Owned: 2,281,062 shares
In addition to the shares reflected above, the
Reporting Person holds certain other shares in
various fiduciary capacities as to which the
Reporting Person disclaims beneficial ownership.
(b) Percent of Class: 5.76%
(c) Number of Shares as to which such person has:
(i) sole power to vote or to direct the vote: 2,221,446
shares
(ii) shared power to vote or to direct the
vote: 59,616 shares
(iii) sole power to dispose of or to direct
the disposition of: 1,329,273 shares
(iv) shared power to dispose of or to direct
the disposition of: 381,907 shares
The above numbers of shares held by the Reporting Persons
are as of December 31, 1999.
Item 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
Not applicable.
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Item 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF
ANOTHER PERSON.
The shares reflected above as beneficially owned
are held by the Reporting Person through its
Trust Department in various fiduciary capacities,
whether as trustee, executor or custodian, for the
benefit of various other persons. However, the
Reporting Person does not hold more than 5% of the
Issuer's Common Stock on behalf of any one trust,
estate or other beneficial owner.
Item 7. IDENTIFICATION AND CLASSIFICATION OF THE
SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING
REPORTED ON BY THE PARENT HOLDING COMPANY.
Not applicable.
Item 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF
THE GROUP.
Not applicable.
Item 9. NOTICE OF DISSOLUTION OF GROUP.
Not applicable.
Item 10. CERTIFICATION.
By signing below, I certify that, to the best of
my knowledge and belief, the securities referred
to above were acquired in the ordinary course of
business and were not acquired for the purpose of
and do not have the effect of changing or
influencing the control of the issuer of such
securities, and were not acquired in connection
with or as a participant in any transaction having
such purposes or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this
statement is true, complete and correct.
CENTRAL CAROLINA BANK AND TRUST COMPANY
By: /s/ L. W. EDWARDS, JR.
L. W. Edwards, Jr.
Senior Vice President and Regional Manager
Date: February 11, 2000
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