Community Capital Bancshares, Inc., the holding company for AB&T National Bank, recently completed their Series B Cumulative Convertible Preferred Stock offering, marking a meaningful turning point for the bank. The offering was fully subscribed by local supporters and investors eager to strengthen their local bank, which prompted Luke Flatt, president and CEO of AB&T to comment, “I am very pleased to report that we sold out the Series B preferred offering. Despite the sluggish economic environment and the poor climate for investment in bank stocks, this is an accomplishment of which we are very proud!  Boosting our capital places AB&T in a strong position to serve our customers and reignite the growth of this bank in the communities we serve.”

The local investor support that AB&T received allowed the bank to add $5 million in new capital to strengthen the long-time community bank. “The new capital will enable AB&T to more rapidly move forward with our plans of becoming the gold standard of community banking in the markets we serve,” said Luke. “Our new investors have placed a tremendous amount of trust and confidence in our organization. Accordingly, our entire team appreciates that vote of confidence and is 100% focused on delivering superior returns though exceptional customer service. What our communities need more than anything is a local bank that is well capitalized and supported by its community leaders. The new capital gives us a better opportunity to serve customers well and expand our customer base.”

Flatt continued, “This accomplishment is significant for our bank, our customers, our communities and our stakeholders. The capital infusion significantly improves the financial health of the bank at a crucial time in its history. We withstood some difficult times and the challenges have refined our service and spirit like gold.”

To coincide with the influx of capital, the bank is launching a new brand that reflects the bank’s community-oriented personality and vision. “At AB&T, it’s a new day,” shared Flatt. “We’d like customers and the community to know us as the bank that’s ‘good as gold,’ as indicated by our new slogan, new colors and new image materials. All our endeavors support our mission of being this community’s trusted and involved advocate. We’re renewing our dedication to let our true community spirit show through in everything we do.”

The capital creates a win-win opportunity for stockholders and customers alike, creating a better capitalized bank for investors and a stronger, more stable financial institution for the many customers and communities the bank serves. “We are striving for more performance across the board,” Flatt explained. “The bank is empowered,” he explained, “to more wholeheartedly serve our customers with reliability and the kind of highly attentive, personal service that only a community bank can provide; in return, delighted customers will enable us to reward our stockholders’ investment.”

AB&T opened its doors in 1999, focusing on providing customers with local decision-making and exceptional quality service. It has grown to serve offices in Albany, GA as well as branches in Lee County, GA; Dothan, AL; and Auburn, AL. The bank’s local board of directors is made up of longtime community members committed to keeping this independent banking option thriving. AB&T is a member of the FDIC and is an Equal Housing Lender. For more information, visit www.abtgold.com.