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Centura Banks Inc. Declares Third Quarter 1998 Dividend

    ROCKY MOUNT, N.C., Aug. 14 /PRNewswire/ -- Centura Banks, Inc. (NYSE: CBC)
has declared a cash dividend of 29 cents per share for the third quarter of
1998.  The dividend is payable on September 15, 1998, to shareholders of
record on August 31, 1998.
    The 29 cents per share dividend is a 7 percent increase from the 27 cents
per share paid in the third quarter of 1997.  On a year-to-date basis, the
1998 dividend per share is 85 cents, or 8 percent greater than the 79 cents
per share paid for the nine months of 1997.
    With assets of $7.7 billion, Centura provides a complete line of banking,
investment, leasing, insurance and trust services to individuals and
businesses in North Carolina, South Carolina and the Hampton Roads region of
Virginia.  Centura offers its customers a variety of delivery channels,
including over 200 financial services offices; more than 300 ATMs, its Centura
Highway telephone banking center; Centura's Internet site; and through leading
online money management software packages. Additional information about
Centura is available on its website at http://www.centura.com.


SOURCE Centura Banks Inc.




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    CONTACT:
    Ann K. Lawson, Principal Accounting Officer,
    Centura Banks Inc., 252-454-8285 or alawson@centura.com