DURHAM, N.C., April 11 /PRNewswire/ -- The Trust and Investment Management
division of CCB announced the completion of the 401K SPECTRUM(R) Web site,
http://www.401kspectrum.com . The site is dedicated to employee/participant
communication and education for retirement plan participants where CCB serves
as Trustee for their employer sponsored plan.
"With this enhancement, we are able to offer our clients a valuable
information resource for working towards their retirement goals," said Harry
E. Harner, manager of trust retirement services of CCB. "This clearly
demonstrates our commitment to serving the retirement services needs of our
customers and their employee participants nationwide," said Thomas W. Murray,
executive vice president of CCB. The extensive web site provides direct
access to retirement account information including source and investment fund
values, transactional access to make account changes including fund transfers,
a complete plan features section, mutual fund information links to
Morningstar(TM), and asset allocation tools and calculators.
The site also features CCB's alliance with Financial Engines(R), a premier
provider of portfolio forecasting and personalized on-line investment advice,
developed by Nobel Prize-winning economist William F. Sharpe.
Employee/Participants will have access to Financial Engines investment
advisory services including personalized, fund-specific investment allocation
recommendations based upon their objectives, risk tolerance and other assets,
customized to each employer's retirement plan. The Advisor service delivers
impartial advice and assumes fiduciary responsibility for providing advice.
"We examined many different providers of this service, and Financial Engines
clearly stood out. This alliance allows us to provide value-added service to
our clients and helps employee participants get much more involved in
preparing for their own retirement," said Mr. Harner.
CCB's Trust and Investment Management division serves clients in 27 states
and the District of Columbia. With 16 offices in the Carolinas, Virginia and
Florida, trust assets at the end of 1999 exceeded $5 billion.
CCB Financial Corporation's (NYSE: CCB) two banking subsidiaries, Central
Carolina Bank in North Carolina and American Federal Bank in South Carolina,
serve customers through 208 offices, 229 ATMs, its Telebanking Center, and on-
line banking for both retail and commercial accounts. As of
December 31, 1999, CCB had total assets of $8.2 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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Related links:
http://www.401kspectrum.com
CONTACT:
Eileen Sarro of CCB Financial Corporation,
919-683-7642
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