CCB Financial Corp. in Durham, N.C., said it has a deal to buy Stone
CCB, with $7.7 billion of assets, would pay $21.37 per share, about 1.23
Stone Street, parent of Stone Street Bank and Trust, has $127 million of
CCB said the deal would be immediately boost per-share earnings.
The company operates two bank subsidiaries with 215 branches in the
The deal is expected to close in the third quarter.