DURHAM, N.C. - CCB Financial Corp. said it has purchased 450,000 shares of its common stock from the estate of George Watts Hill, the company's recently deceased chairman.

CCB, the $2.3 billion-asset parent of Central Carolina Bank, retired the shares, which represented 5.5% of the total outstanding. The Hill estate retains 4.8%.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.