<TABLE> <S> <C>

<ARTICLE> 9
<LEGEND>
This schedule contains summary financial information extracted from the
consolidated financial statements of CCB Financial Corporation for the three
months ended March 31, 1997 and 1996 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-31-1996
<PERIOD-END>                               MAR-31-1996
<CASH>                                         196,280
<INT-BEARING-DEPOSITS>                          60,732
<FED-FUNDS-SOLD>                               338,610
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                    888,101
<INVESTMENTS-CARRYING>                          78,106
<INVESTMENTS-MARKET>                            82,040
<LOANS>                                      3,509,008
<ALLOWANCE>                                     45,653
<TOTAL-ASSETS>                               5,203,102
<DEPOSITS>                                   4,445,985
<SHORT-TERM>                                   128,352
<LIABILITIES-OTHER>                            103,263
<LONG-TERM>                                     71,054
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                        78,217
<OTHER-SE>                                     376,231
<TOTAL-LIABILITIES-AND-EQUITY>               5,203,102
<INTEREST-LOAN>                                 80,204
<INTEREST-INVEST>                               15,698
<INTEREST-OTHER>                                 3,850
<INTEREST-TOTAL>                                99,752
<INTEREST-DEPOSIT>                              43,800
<INTEREST-EXPENSE>                              45,944
<INTEREST-INCOME-NET>                           53,808
<LOAN-LOSSES>                                    2,133
<SECURITIES-GAINS>                                (15)
<EXPENSE-OTHER>                                 38,684
<INCOME-PRETAX>                                 27,714
<INCOME-PRE-EXTRAORDINARY>                      18,156
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    18,156
<EPS-PRIMARY>                                     1.16
<EPS-DILUTED>                                     1.16
<YIELD-ACTUAL>                                    4.67
<LOANS-NON>                                     13,283
<LOANS-PAST>                                     2,768
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                  3,260
<ALLOWANCE-OPEN>                                44,880
<CHARGE-OFFS>                                    1,868
<RECOVERIES>                                       508
<ALLOWANCE-CLOSE>                               45,653
<ALLOWANCE-DOMESTIC>                            45,653
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                          6,504
        

</TABLE>