SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Act of 1934
Date of Report (Date of earliest event reported): October 25, 1996
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CENTURA BANKS, INC.
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(Exact name of registrant as specified in charter)
North Carolina 1-10646 56-1688522
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(State of Incorporation)(Commission File Number(IRS Employer Identification No.)
134 North Church Street, Rocky Mount, North Carolina 27804
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(Address of principal executive office) (Zip code)
Registrant's telephone number, including area code: (919) 977-4400
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N/A
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(Former name or former address, if changed since last report)
Exhibit Index on Page 4.
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Item 2. Acquisition or Disposition of Assets:
On October 25, 1996, Centura Banks, Inc. ("Centura") announced that it has
successfully completed its merger with FirstSouth Bank in Burlington, North
Carolina. The merger was consummated through the issuance of .55 shares of
Centura common stock for each share of outstanding FirstSouth stock.
FirstSouth's offices opened as Centura financial centers on Monday October 28,
1996. A press release is attached as Exhibit 99.1.
On November 1, 1996, Centura announced that it has completed its acquisition of
CLG, Inc., a privately owned company that specializes in leasing computer and
technology equipment. A press release is attached as Exhibit 99.2.
Item 7. Financial statements and Exhibits.
The exhibits listed in the Exhibit Index are filed herewith as part of this
Current Report on Form 8-K.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
CENTURA BANKS, INC.
Registrant
Date: November 1, 1996 By:/s/ Frank L. Pattillo
Frank L. Pattillo
Chief Financial Officer
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EXHIBIT INDEX
Sequential
Page
Exhibit Description of Exhibit Number
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99.1 Press release dated October 28, 1996 5
99.2 Press release dated November 1, 1996 7
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For Immediate Release
October 28, 1996
Contact: Frank L. Pattillo
Chief Financial Officer
(919) 977-8341
[email protected]
CENTURA COMPLETES MERGER WITH FIRSTSOUTH BANK
ROCKY MOUNT, N.C. -- Centura Banks Inc. (NYSE: CBC) has completed its merger
with FirstSouth Bank in Burlington, North Carolina.
The merger gives Centura additional assets of $165 million, four
offices and a strong base of new clients along the heavily populated and highly
developed I-85 corridor between the Triad region of Greensboro, Winston-Salem,
High Point and the Triangle region of Raleigh, Durham, Chapel Hill.
With assets of $6.0 billion, Centura provides a complete line of
banking, investment, insurance and trust services to individuals and businesses
throughout North Carolina. It provides services through 170 traditional and
supermarket financial centers, more than 230 ATMs at financial centers, Wal-Mart
and Sam's stores, its Centura Highway telephone banking center, Quicken and
Microsoft Money, the leading personal finance software packages, and America
Online, the world's largest provider of online services.
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For further information on Centura, visit Centura Highway on the World
Wide Web at http://www.centura.com.
For Immediate Release
November 1, 1996
Contact: Frank L. Pattillo
Chief Financial Officer
(919) 977-8341
[email protected]
CENTURA COMPLETES ACQUISITION OF TECHNOLOGY LEASING COMPANY
ROCKY MOUNT, N.C. -- Centura Banks Inc. (NYSE:CBC) today completed its
acquisition of CLG Inc., a privately owned company that specializes in leasing
computer and technology equipment to companies throughout the United States.
Based in Raleigh, N.C., CLG also has offices in Charlotte and Wilmington, N.C.,
Columbus, Ga., and Dallas, Texas.
With assets of $6.0 billion, Centura provides a complete line of
banking, investment, insurance and trust services to individuals and businesses
throughout North Carolina. It provides services through 170 traditional and
supermarket financial centers, more than 230 ATMs at financial centers, Wal-Mart
and Sam's stores, its Centura Highway telephone banking center, Quicken and
Microsoft Money, the leading personal finance software packages, and America
Online, the world's largest provider of online services.
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More information about Centura is available on the World Wide Web at
http://www.centura.com.
