Community Capital Bancshares Announces Suspension of Dividend Payments
June 17 2008 - 12:26PM
PR Newswire (US)
ALBANY, Ga., June 17 /PRNewswire-FirstCall/ -- Community Capital
Bancshares Inc. (Other OTC: ALBY) today announced that it is
discontinuing the payment of regular quarterly dividends on its
common stock. The Company has paid a quarterly dividend of $.02 per
share since July, 2003. John H. Monk, Jr., President and CEO,
commented "The decision was made to discontinue dividend payments
based upon the losses incurred during the past several months, and
regulatory requirements imposed by the OCC and the Federal Reserve
Bank. We feel that this action is necessary in light of the current
economic environment to retain capital so that the holding company
can remain a source of strength to the subsidiary banks. Future
dividend payments will be dependent upon us returning to
profitability and generating positive retained earnings." About
Community Capital Bancshares Headquartered in Albany, Georgia,
Community Capital Bancshares is the $203 million-asset holding
company for Albany Bank & Trust and AB&T National Bank.
Albany Bank & Trust has three banking locations in Albany,
Georgia, while AB&T National Bank has offices in Dothan, Ala.,
and Auburn, Ala. For more information, please visit the Company's
website at http://www.comcapbancshares.com/ or contact David J.
Baranko, CFO at 229-446-2201. DATASOURCE: Community Capital
Bancshares Inc. CONTACT: David J. Baranko, CFO of Community Capital
Bancshares Inc., +1-229-446-2201 Web Site:
http://www.comcapbancshares.com/
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