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Centura Banks Inc. Declares First Quarter 1998 Dividend

    ROCKY MOUNT, N.C., Dec. 17 /PRNewswire/ -- Centura Banks, Inc. (NYSE: CBC)
has declared a cash dividend of 27 cents per share for the first quarter of
1998, which is an 8 percent increase from the 25 cents per share paid in the
first quarter of 1997.  The dividend is payable on March 13, 1998, to
shareholders of record on Feb. 27, 1998.
    With assets of $7 billion, Centura provides a complete line of banking,
investment, leasing and trust services to individuals and businesses
throughout North Carolina and the Hampton Roads region of Virginia.  Services
are provided through 193 financial service 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; 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.


SOURCE Centura Banks Inc.




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CONTACT:
Ann K. Lawson, Principal Accounting Officer,
Centura Banks Inc., 919-977-8285, or alawson@centura.com
CNOC: http://www.prnewswire.com or fax, 800-758-5804, ext.
870954