<TABLE> <S> <C>

<ARTICLE> 9
<LEGEND>
The schedule contains summary financial information extracted from the
consolidated financial statements of CCB Financial Corporation and subsidiaries
as of March 31, 1997 and is qualified in its entirety by reference to such
financial statements.
</LEGEND>
<RESTATED> 
<CIK> 0000714612
<NAME> CCB FINANCIAL CORPORATION
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               MAR-31-1997<F1>
<CASH>                                         180,533
<INT-BEARING-DEPOSITS>                          68,773
<FED-FUNDS-SOLD>                               363,500
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                  1,464,958
<INVESTMENTS-CARRYING>                          82,152
<INVESTMENTS-MARKET>                            85,444
<LOANS>                                      4,723,984
<ALLOWANCE>                                     61,364
<TOTAL-ASSETS>                               6,879,062
<DEPOSITS>                                   5,798,604
<SHORT-TERM>                                   281,149
<LIABILITIES-OTHER>                            121,775
<LONG-TERM>                                     57,327
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                       103,472
<OTHER-SE>                                     516,735
<TOTAL-LIABILITIES-AND-EQUITY>               6,879,062
<INTEREST-LOAN>                                106,363
<INTEREST-INVEST>                               22,156
<INTEREST-OTHER>                                 4,571
<INTEREST-TOTAL>                               133,090
<INTEREST-DEPOSIT>                              55,583
<INTEREST-EXPENSE>                              60,954
<INTEREST-INCOME-NET>                           72,136
<LOAN-LOSSES>                                    2,664
<SECURITIES-GAINS>                                  61
<EXPENSE-OTHER>                                 52,028
<INCOME-PRETAX>                                 39,356
<INCOME-PRE-EXTRAORDINARY>                      39,356
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    24,890
<EPS-PRIMARY>                                     1.20
<EPS-DILUTED>                                     1.19
<YIELD-ACTUAL>                                    3.85
<LOANS-NON>                                     17,942
<LOANS-PAST>                                     3,209
<LOANS-TROUBLED>                                   821
<LOANS-PROBLEM>                                  1,020
<ALLOWANCE-OPEN>                                61,257
<CHARGE-OFFS>                                    3,282
<RECOVERIES>                                       725
<ALLOWANCE-CLOSE>                               61,364
<ALLOWANCE-DOMESTIC>                            61,364
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                          7,376
<FN>
<F1>Restated for merger consummated in August 1997 that was accounted for as a
pooling-for-interests.
</FN>
        

</TABLE>