ROCKY MOUNT, N.C., Nov. 20 /PRNewswire/ -- Centura Banks Inc. (NYSE: CBC)
announced today it has finalized the purchase of five North Carolina banking
centers from NationsBank (NYSE: NB).  The acquisition, originally announced on
July 15, 1997, broadens Centura's customer base in central and eastern North
Carolina.  The five offices have deposits of approximately $86 million and
loans of approximately $52 million.
    "The acquisition has great tactical value," said Cecil W. Sewell, Jr.,
Centura's chairman and chief executive officer.  "The NationsBank offices,
coupled with the recent purchase of 13 bank offices from Branch Banking and
Trust, not only dramatically increase Centura's market share in eastern North
Carolina, but further secure our expansion in the central part of the state."
    The offices are located in the towns of Calabash, Dunn, Harmony, Richlands
-- new markets for Centura -- and Hertford, whose customers will be serviced
out of the existing Centura office in Hertford.
    With assets of $7.1 billion, Centura provides a complete line of banking,
investment, insurance, leasing and trust services to individuals and
businesses throughout North Carolina and the Hampton Roads region of Virginia.
Services are provided through 192 financial centers, including 20 full-service
locations in Hannaford supermarkets; more than 265 ATMs at financial centers,
Wal-Mart stores and Sam's outlets; the Centura Highway telephone banking
center; Centura's Internet site; and through Quicken(R), QuickBooks(R),
Microsoft(R) Money and BankNOW(TM), the leading online money management
software packages.  Additional information about Centura is available
on its web site at http://www.centura.com.

Link to this page: