DURHAM, N.C. -- The board of CCB Financial Corp. approved a three-for-two stock split in the form of a 50% stock dividend. The company also declared a cash dividend of 30 cents a share per quarter, or $1.20 a year. The present annual dividend, adjusted for the split, comes to $1.08 a share.

The dividends are payable Oct. 1 to shareholders of record on Sept. 15. CCB has increased its dividend for 28 consecutive years.

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