AB&T share prices are expected to increase next month after shareholders of the bank’s holding company, Community Capital Bancshares, Inc., voted in favor of a reverse stock split at the company’s Annual Meeting Tuesday.

Effective June 1, shareholders will be issued one share of stock for every five shares owned which should increase the share price five times over the current trading price. For example the price per share following the bank’s annual meeting was $2.55, meaning that the new shares, after the reverse split would be valued at $12.75 per share.

“The shareholder’s decision to vote in favor of the reverse stock split was made in an effort to raise the value of individual shares above $10, which would in turn give the stock more visibility on the market and make it more attractive to investors,” said AB&T President and CEO Luke Flatt. “The decision is in no way reflective of any change in the bank’s performance. All performance metrics reported in “per share” values will reflect the change in the number of shares outstanding when the bank’s second quarter results are reported in late July.

Flatt said the issuance of the post-split shares would happen electronically through whatever brokers and advisors that currently manage each shareholder’s AB&T stock. Those shareholders who hold certificates will receive instructions from the bank’s transfer agent, Computershare, Inc. for swapping old certificates for the new ones.

Additionally, the vote does not impact how the stock is currently traded. Investors can still find AB&T on the OTCQX market under the symbol ALBY.