<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 June 30, 1998 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>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               JUN-30-1997
<CASH>                                         216,492
<INT-BEARING-DEPOSITS>                          46,338
<FED-FUNDS-SOLD>                               125,000
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                  1,505,037
<INVESTMENTS-CARRYING>                          81,979
<INVESTMENTS-MARKET>                            86,118
<LOANS>                                      4,854,065
<ALLOWANCE>                                     63,023
<TOTAL-ASSETS>                               6,998,909
<DEPOSITS>                                   5,834,323
<SHORT-TERM>                                   300,246
<LIABILITIES-OTHER>                            114,467
<LONG-TERM>                                    100,999
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                       103,657
<OTHER-SE>                                     545,217
<TOTAL-LIABILITIES-AND-EQUITY>               6,998,909
<INTEREST-LOAN>                                215,632
<INTEREST-INVEST>                               47,690
<INTEREST-OTHER>                                 6,714
<INTEREST-TOTAL>                               270,036
<INTEREST-DEPOSIT>                             112,655
<INTEREST-EXPENSE>                             122,536
<INTEREST-INCOME-NET>                          147,500
<LOAN-LOSSES>                                    7,549
<SECURITIES-GAINS>                                  72
<EXPENSE-OTHER>                                104,402
<INCOME-PRETAX>                                 81,684
<INCOME-PRE-EXTRAORDINARY>                      52,371
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    52,371
<EPS-PRIMARY>                                     1.27
<EPS-DILUTED>                                     1.25
<YIELD-ACTUAL>                                    4.66
<LOANS-NON>                                     15,322
<LOANS-PAST>                                     2,452
<LOANS-TROUBLED>                                   810
<LOANS-PROBLEM>                                  1,457
<ALLOWANCE-OPEN>                                61,257
<CHARGE-OFFS>                                    7,194
<RECOVERIES>                                     1,411
<ALLOWANCE-CLOSE>                               63,023
<ALLOWANCE-DOMESTIC>                            63,023
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                           7576
        

</TABLE>