DURHAM, N.C., Jan. 1 /PRNewswire/ -- CCB Financial Corporation,
(NYSE: CCB) parent company of American Federal Bank, celebrated the Year 2000
this morning with no reported problems with the bank's critical functions.
All bank systems successfully rolled over to the new millennium.
"We are very pleased with the bank's performance," said Ernest C.
Roessler, chairman, president and CEO of CCB Financial Corporation. "We've
been preparing for this day for years and now that it's here, we want our
customers to know that it's business as usual at American Federal." Customers
continue to have 24-hour access to their accounts through ATMs, and the
branches will re-open on their normal schedule Monday, January 3.
The bustling Y2K Command Center in Durham, N.C., managed all activities
related to the rollover. The command center, located in a converted
conference room in the bank's operations center, has been the headquarters for
all the bank's final Y2K testing and reporting functions.
Members of the Y2K management team staffed the command center around the
clock last night to oversee the bank's operating systems. Each branch and
critical back-office function area checked in with the command center
throughout the night to report on the status of their applications.
Roessler credits the bank's Y2K management team with planning and
implementing a smooth transition to the year 2000. It took more than 20
months to test the bank's computer systems and critical functions. The bank
followed guidelines outlined by the Federal Financial Institutions Examination
Council (FFIEC).
In addition to the management team, more than 800 CCB and AFB employees
participated in a rigorous schedule of rehearsals and wellness checks to make
certain the bank would be ready for the rollover.
"The bank would not have been ready for Y2K without the dedication and
hard work of our employees," added Roessler. "For almost two years, people in
each of our branches across North and South Carolina made it their job to
check their systems and report any problems to us, so we would minimize any
problems during the actual rollover. They took this responsibility seriously
and their efforts paid off."
CCB Financial Corporation will continue to run checks on its critical
systems and high-impact business functions over the next few weeks. If
customers have any questions or concerns, they should contact their local
branch, or call the Telebanking Center at 1-800-726-6837 in South Carolina.
CCB Financial Corporation's two banking subsidiaries, Central Carolina
Bank in North Carolina and American Federal Bank in South Carolina, serve
customers through 207 offices, 229 ATMs, its Telebanking Center, and on-line
banking for both retail and commercial accounts. The Trust and Investment
Management division currently has 16 offices in the Carolinas, Virginia and
Florida, with trust assets exceeding $4 billion. As of September 30, 1999,
CCB had total assets of $7.8 billion. News releases and other information
about CCB Financial are available on the Internet at the Corporation's
website, CCBonline.com.
SOURCE CCB Financial Corporation
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http://www.ccbonline.com
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http://www.prnewswire.com/comp/150641.html or fax,
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CONTACT:
Eileen Sarro of CCB Financial Corporation,
919-683-7642, or email, Eileen.sarro@ccbf.com
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