UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP [X] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. 1. Name and Address of Reporting Person(s) Fox, Sheldon M. P.O. Box 931 Durham, NC 27702 2. Issuer Name and Ticker or Trading Symbol CCB Financial Corporation (CCB) 3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary) 4. Statement for Month/Year 07/00 5. If Amendment, Date of Original (Month/Year) 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) [ ] Director [ ] 10% Owner [X] Officer (give title below) [ ] Other (specify below) Chief Financial Officer 7. Individual or Joint/Group Filing (Check Applicable Line) [X] Form filed by One Reporting Person [ ] Form filed by More than One Reporting Person

Table I Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned ------------------------------------------------------------------------------------------------------------------------------------ 1)Title of Security 2)Trans- 3.Trans- 4.Securities Acquired(A) 5)Amount of 6) 7)Nature of action action or Disposed of (D) Securities Indirect Date Code A Beneficially D Beneficial (Month/ or Owned at or Ownership Day/Year) Code V Amount D Price End of Month I ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 0607/3003/00 ~~(1)P~~R ~~263~~12 A $4741.~~3700~~0000 17D Direct Common Stock 07/05/00 (1)J 5,~~053~~113 D 0 D Direct Table II (PART 1) Derivative Securities Acquired, Disposed of, or Beneficially Owned (Columns 1 through 6) ------------------------------------------------------------------------------------------------------------------------------------ 1)Title of Derivative 2)Conversion 3)Trans- 4)Trans- 5)Number of Derivative 6)Date Exercisable and Security or Exercise action action Securities Acquired (A) Expiration Date Price of Date Code or Disposed of (D) Derivative Security Code V A D Exercisable Expiration ------------------------------------------------------------------------------------------------------------------------------------ Incentive Stock Option (right $39.7500 07/05/00 J 2,515 03/16/03 03/16/10 to buy) Incentive Stock Option (right $51.7500 07/05/00 J 9,660 10/26/98 10/26/08 to buy) Non-Qualified Stock Option $3139.~~5625~~7500 0407/1505/9700 04J 10,985 03/1516/0701 03/16/10 (right to buy) Non-Qualified Stock Option $4251.~~4375~~7500 0407/1805/00 04J 340 10/1826/98 10/26/08 (right to buy) Non-Qualified Stock Option $5655.~~7500~~6250 0407/2705/9900 04J 9,800 03/2722/00 03/22/09 (right to buy) Table II (PART 2) Derivative Securities Acquired, Disposed of, or Beneficially Owned (Columns 1,3 and 7 through 11) ------------------------------------------------------------------------------------------------------------------------------------ 1)Title of Derivative 3)Trans- 7)Title and Amount 8)Price 9)Number of 10) 11)Nature of Security action of Underlying of Deri- Derivative Indirect Date Securities vative Securities D Beneficial Amount or Security Beneficially or Ownership Number of Owned at I - Title Shares End of Month ------------------------------------------------------------------------------------------------------------------------------------ Incentive Stock Option (right 07/05/00 Common Stock 2,515 0 D Direct to buy) Incentive Stock Option (right 07/05/00 Common Stock 9,660 0 D Direct to buy) Non-Qualified Stock Option 07/05/00 Common Stock 10,~~000~~985 ~~10,000~~0 D Direct (right to buy) Non-Qualified Stock Option 07/05/00 Common Stock ~~1,500~~340 ~~1,500~~0 D Direct (right to buy) Non-Qualified Stock Option 07/05/00 Common Stock 19,~~200~~800 ~~1,200~~0 D Direct (right to buy) Explanation of Responses: (1) ~~Held~~Each inof athe ~~deferred~~Reporting ~~compensation~~Person's ~~plan~~shares ~~administered~~of by Issuer's ~~Trust~~common ~~Department.~~stock ~~The~~were surrendered and exchanged for 2.45 shares ~~acquired~~of ~~were~~National ~~purchased~~Commerce ~~primarily~~Bancorporation ~~with~~("NCBC") common stock as a result of the merger of Issuer into NCBC. Additionally, each of the Reporting Person's ~~cash~~stock ~~contributions.~~options ~~The~~with ~~price~~the ~~shown~~right isto ~~the~~buy ~~average~~Issuer ~~price~~common ofstock were converted into 2.45 stock options with the ~~shares~~right ~~purchased~~to buy NCBC common stock.

SIGNATURE OF REPORTING PERSON /S/ Fox, Sheldon M. DATE July 19, 2000

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