SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported) February 11, 1997
Community Capital Corporation
(Exact Name of Registrant as Specified in Its Charter)
<TABLE>
<CAPTION>
<S> <C> <C>
South Carolina 0-18460 57-0866395
(State or Other Jurisdiction of Incorporation) (Commission File Number) (I.R.S. Employer Identification)
</TABLE>
109 Montague Avenue, Greenwood, South Carolina 29646
(Address, Including Zip Code of Principal Executive Offices)
(864) 941-8200
(Registrant's Telephone Number, Including Area Code)
N/A
(Former Name or Former Address, if Changed Since Last Report)
<PAGE>
ITEM 5. OTHER EVENTS.
On February 11, 1997, Community Capital Corporation announced it began
trading on the American Stock Exchange under the symbol CYL. The news release
also announced the issuance of 1,465,000 shares of common stock by the company
pursuant to a Registration Statement on Form S-2 (File No. 333-18457) originally
filed with the Securities and Exchange Commission on December 20, 1996. A copy
of the News Release is attached hereto as Exhibit 99 (page 3 of 3).
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(a) Not applicable.
(b) Not applicable.
(c) Exhibits.
Exhibit 99, News Release, dated February 11, 1997.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
COMMUNITY CAPITAL CORPORATION
Date: February 18, 1997 By: /S/ WILLIAM G. STEVENS
-----------------------
William G. Stevens
Chief Executive Officer
2
<PAGE>
EXHIBIT 99
AMERICAN STOCK EXCHANGE
NEWS RELEASE
COMMUNITY CAPITAL CORPORATION COMMENCES
TRADING ON AMEX
--Company Issues Secondary Offering in Connection With Listing --
NEW YORK, February 11, 1997 -- The American Stock Exchange today began
trading the common stock of Community Capital Corporation.
"We are pleased to list on the American Stock Exchange" said William G.
Stevens, President and Chief Executive Officer of Community Capital Corporation.
"We believe the listing will provide increased liquidity as well as increased
visibility for the company's stock."
Community Capital Corporation, based in Greenwood, South Carolina, is
the holding company for Greenwood Bank & Trust and Clemson Bank & Trust and
plans to acquire three additional banks in Belton, Newberry and Barnwell, South
Carolina. The company's community banking business is characterized by
personalized services and emphasizes the banking needs of individuals and small
to medium-sized businesses.
Trading under ticker symbol CYL, the stock opened at $11.50 on 84,800
shares. Cranmer & Cranmer/Raymar Capital, Inc. has been selected as the
specialist unit for the new listing. Prior to today's listing, Community
Capital's stock had been quoted on the OTC Bulletin Board.
In connection with it's listing on AMEX, the company issued a secondary
offering of 1,465,000 common shares with an over-allotment granted to the
underwriters for 219,750 common shares. The secondary offering was underwritten
by J.C. Bradford & Co. and Edgar M. Norris & Co., Inc. After completion of the
offering, assuming no exercise of the over-allotment option, the company will
have 2,690,784 shares outstanding.
With its listing today, Community Capital Corporation joins a growing
list of financial institutions choosing to trade on the AMEX. In 1996, more than
twenty percent of new listings were commercial banks and thrift institutions.
The American Stock Exchange is the nation's second largest stock
exchange with a significant presence in both equity and derivative securities.
# # #
3
<PAGE>
