CCB BUYS PART OF EX-BARNETT

DURHAM, N.C. -- CCB Financial is acquiring from NationsBank part of the institutional trust business of the former Barnett Banks of Florida. When the deal closes in the second quarter, about $3 billion in assets from 450 custody, escrow and employee benefit accounts will be transferred to CCB. NationsBank's acquisition of Barnett closed in January. CCB has applied to Florida for authority to open a trust company there to serve the former Barnett customers.