CapitalBank Plans for Expansion in Greer, South Carolina.Business Editors GREENWOOD, S.C.--(BUSINESS WIRE)--March 16, 2004 Community Capital Corporation (AMEX AMEX See: American Stock Exchange : CYL CYL Cylinder CYL See You Later CYL Catch You Later CYL Complex Stutter Dial Report CYL See Y'all Later CYL Call Your Lawyer ) today announced that it's wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , CapitalBank, has plans to open a new branch office in Greer, South Carolina Greer is a city between Greenville and Spartanburg in Greenville and Spartanburg counties in South Carolina. As of the 2000 census, the city population was 16,843. Today, it is believed to be in excess of 20,000. , subject to regulatory approval. The new branch will be located at 1200 West Wade Hampton Boulevard, and is expected to open in the third quarter of this year. William G. Stevens, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Community Capital Corporation and CapitalBank, stated, "We are anxious to open this office in the Greer community which has been recognized as the fastest growing area in South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15. ." Community Capital Corporation (AMEX: CYL) is the corporate parent of CapitalBank. CapitalBank currently operates 14 branches throughout South Carolina. The bank offers a complete range of banking services with a strong emphasis on the needs of individuals and small to medium sized businesses, including a diverse wealth management group. Certain matters set forth in this news release may contain forward-looking statements that are provided to assist in the understanding of anticipated future financial performance. However, such performance involves risks and uncertainties that may cause actual results to differ materially from those in such statements. For a discussion of certain factors that may cause such forward-looking statements to differ materially from the Company's actual results, see the Company's latest financial report filed with the Securities and Exchange Commission. |
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