ROCKY MOUNT, N.C., Sept. 6 /PRNewswire/ -- Centura Bank (NYSE: CBC) has
created a unique loan program to help North Carolina home and business owners
recover from damages caused by Hurricane Fran.
    With its "Rapid Recovery" loan program, Centura is offering low preferred
interest rates, priority loan processing and extended payment terms for loans
needed to repair or rebuild property or assist with other needs created by the
hurricane.
    "This is our way of helping people ease the pain as much as possible and
get back on their feet faster," said Cecil Sewell, president of Centura.  "We
will work with each customer individually according to his or her needs and be
as flexible as we can."
    Centura is offering a broad range of loans for individuals and businesses
at rates lower than the bank normally charges.  As the state's leading SBA
lender, Centura also can provide quick access to special disaster recovery
loans available from the Small Business Administration.  The loans are subject
to the bank's normal credit approval standards.
    In addition, Centura will extend terms of payment beyond its customary
periods.  Existing Centura customers affected by the storm may request
extended payment terms and will be handled on a case by case basis.
    To speed recovery efforts, Centura is streamlining the normal loan
process.  To apply for a "Rapid Recovery Loan" with Centura, simply call 1-800
-
CENTURA or visit a local Centura financial center.  Centura loan officers will
be available by phone 8 a.m. to 8 p.m. Monday through Friday and during normal
business hours in financial centers.  They will also be available to visit
sites to assess damage with customers.
    "We will make as many of our people available as necessary to get these
loans approved fast and get money in the hands of those who need it," Sewell
said.

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