DURHAM, N.C., July 3 /PRNewswire/ -- CCB Financial Corporation (NYSE: CCB)
announced today that its Board of Directors has rescinded the balance of its
2 million share repurchase program announced on February 1, 2000.  The
authorization was scheduled to expire on December 31, 2000.  This action is
related to the CCB/National Commerce Bancorporation (Nasdaq: NCBC) merger.
    As of June 30, there were approximately 800,000 shares remaining under the
repurchase authorization.
    The merger of CCB and NCBC, announced on March 17, 2000, was
overwhelmingly approved by shareholders of both companies during special
meetings held on June 29.  CCB and NCBC plan to close the merger on July 5,
following the close of the Department of Justice waiting period.
    CCB Financial Corporation offers a complete line of traditional banking
services, as well as a full array of financial products, such as investments,
insurance and trust services.  Its banking subsidiary, Central Carolina Bank
and Trust Company, serves customers in North Carolina and South Carolina
through 208 offices, including twenty-one open seven days a week in Harris
Teeter stores, 228 ATMs, its Telebanking Center, and on-line banking for both
retail and commercial accounts.  As of March 31, 2000, CCB had total assets of
$8.5 billion.

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