DURHAM, N.C. - CCB Financial Corp. said it filed registration statements with the Securities and Exchange Commission in connection with an offering of 550,000 common shares and $40 million of subordinated notes.

The company said it will use proceeds from the offerings to repay a $23 million short-term credit facility and for working capital.

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.