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 11, 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 5. Other Events:
On October 11, 1996, Centura Banks, Inc. ("Centura") announced that shareholders
of FirstSouth Bank ("FirstSouth") have approved the merger of FirstSouth with
Centura. Under terms of the agreement, Firstsouth shareholders will receive .55
shares of Centura common stock for each share of FirstSouth stock. The
transaction is expected to be completed at the close of business on October 25,
1996.
Under the Securities and Exchange Commission rules, Centura is now allowed and
intends to resume its purchase program of Centura common stock in the open
market.
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: October 11, 1996 By: /s/ Frank L. Pattillo
Frank L. Pattillo
Chief Financial Officer
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EXHIBIT INDEX
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Exhibit Description of Exhibit Number
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99 Press release dated October 11, 1996 5
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For Immediate Release
October 11, 1996
Contact: Frank L. Patillo
Chief Financial Officer
(919) 977-8341
[email protected]
CENTURA ANNOUNCES APPROVAL OF FIRSTSOUTH MERGER AND RESUMPTION OF SHARE
REPURCHASE PROGRAM
ROCKY MOUNT, N.C.---Centura Banks Inc. (NYSE:CBC) announced today that
shareholders of FirstSouth Bank have approved the merger of FirstSouth with
Centura. Under the terms of the agreement, FirstSouth shareholders will receive
0.55 shares of Centura common stock for each share of FirstSouth stock. With all
necessary approvals in place, Centura and FirstSouth expect to complete the
transaction at the close of business on Oct. 25.
Under Securities and Exchange Commission rules, Centura is now allowed and
intends to resume its purchase program of Centura common stock in the open
market.
-more-
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CENTURA ANNOUNCES APPROVAL OF FIRSTSOUTH MERGER AND RESUMPTION OF SHARE
REPURCHASE PROGRAM
OCTOBER 11, 1996
PAGE TWO
With assets of $5.9 billion, Centura provides a complete line of banking,
investment, insurance and trust services to individuals and businesses
throughout North Carolina. It provides services through 159 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.
For further information on Centura, visit Centura Highway on the World Wide
Web at http://www.centura.com.
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