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CCB Financial Corporation (CCB) is a bank holding company whose principal subsidiary is Central Carolina Bank and Trust Company. CCB is one of the Southeast's largest and fastest-growing banks and is ranked among the top 100 banks in the country. Headquartered in Durham, North Carolina, CCB has assets of more than $5.5 billion and serves 61 communities through 161 offices located primarily in the Piedmont region of North Carolina and in Wilmington. More than 90% of CCB's deposits are in Metropolitan Statistical Areas (MSAs) -- principally the Triangle, the Triad and Charlotte. These areas have growth rates well above the national average.
CCB provides a complete line of personal, business, investment and trust banking services as well as full-service brokerage. CCB also offers a line of specialized services designed to assist commercial customers in collecting, managing and investing their money. Consumers can apply for a loans, open accounts or get account information 7 days a week through CCB's Telebanking Center. CCB Telebanking Specialists are on call from 7 am to 11 pm daily, and automated account information is available 24 hours a day. CCB has 140 automated teller machines and is a member of the Honor and Cirrus ATM Networks. Since 1996, CCB Financial Corporation's common stock has been traded over The New York Stock Exchange under the symbol CCB. In July 1996, CCB increased its stock dividend for the 32nd consecutive year. CCB is one of two bank holding companies in the country with a 32-year unbroken string of dividend increases. HistoryIn 1903, John Sprunt Hill founded The Durham Loan & Trust Company, which was later to become CCB. Initially, Durham Loan & Trust focused mainly on insurance and real estate business, but a banking department was added in 1915. The bank's name was changed to Central Carolina Bank and Trust Company in 1961. CCB continued to grow by opening new offices in the Piedmont and acquiring other banks.George Watts Hill succeeded his father as chairman of the board in 1950 and chaired the corporation until his death in 1993. In April 1993, Ernest C. Roessler became the sixth president and CEO and William L. Burns, Jr. was named chairman of the board. Growth StrategyGrowth in assets from strategic acquisitions has boosted CCB's market share in North Carolina's most dynamic markets. In the last decade, CCB has acquired eight institutions and will complete a combination with American Federal Bank of Greenville, S.C. in July. After the merger is completed, CCB will have almost $7 billion in assets and will become the sixth-largest bank based in the Carolinas. This strategic merger extends CCB's franchise down the I-85 corridor into the Greenville/Spartanburg area, gaining the fourth largest market share in South Carolina.Mission, Vision and ValuesCCB's goal is to be big enough to compete with megabanks on products offered to customers while competing with community banks on customer service. During 1996, CCB made investments in retail delivery by offering a debit card, opening additional CCB7 seven-day banking locations inside Harris Teeter grocery stores and launching a telebanking center, open seven days a week. Over the next three years, CCB is committed to expanding its facilities, investing in technology and offering its customers competitive products. CCB will also continue to identify and reward effective community bankers who are committed to the community. This "high touch/high tech" approach allows CCB to compare favorably to both very large and smaller community financial institutions. |