EXHIBIT 99.1
COMMUNITY
CAPITAL
CORPORATION NEWS RELEASE
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For Further Information:
R. Wesley Brewer, Executive Vice President, CFO
864-941-8290 or email: [email protected]
Lee Lee M. Lee, Investor Relations
864-941-8242 or email: [email protected]
January 2, 2001
FOR IMMEDIATE RELEASE
COMMUNITY CAPITAL CORPORATION
ANNOUNCES COMPLETION OF CORPORATE RESTRUCTURING
Greenwood, SC - Community Capital Corporation (NASDAQ-AMEX: CYL) of Greenwood,
South Carolina announced that it has completed the restructuring of the company
from a multi-bank holding company to a one-bank entity. Greenwood Bank & Trust,
Clemson Bank & Trust, TheBank, Community Bank & Trust, and Mid State Bank, have
been successfully consolidated into CapitalBank.
CapitalBank will operate through its 17-branch network with combined assets of
over $400 million. The bank will retain its structure of five areas and will be
identified by their respective locations.
According to William G. (Bill) Stevens, "this restructuring will afford our
employees many new opportunities, as they will be better empowered to make
decisions locally. Customers throughout our community network will immediately
benefit from this change via their ability to transact banking business at any
of our branches, ATM network, or via our Internet banking product."
Community Capital Corporation is the holding company for CapitalBank. The
company's stock is traded on the American Stock Exchange under the symbol "cyl".
www.comcapcorp.com
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www.capitalbanksc.com
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