Community Central Bank Corporation Declares Cash Dividend

2008-08-22 10:17:00

    MOUNT CLEMENS, Mich., Aug. 22 /EMWNews/ -- Community

Central Bank Corporation (Nasdaq: CCBD), the holding company for Community

Central Bank, today announced that the Corporation will pay a quarterly

cash dividend of $0.02 per share on the Corporation's common stock. The

dividend is payable on October 1, 2008 to shareholders of record on

September 2, 2008.



    David A. Widlak, President and CEO commented, "Our Board will continue

to monitor capital growth in order to determine a reasonable dividend level

in the current economic environment. Our goal is to continue to reward

stockholder loyalty while increasing capital for growth and maintaining the

Bank's 'well capitalized' status, the highest level of regulatory capital."



    Community Central Bank Corporation is the holding company for Community

Central Bank in Mount Clemens, Michigan. The Bank opened for business in

October 1996 and serves businesses and consumers across Macomb, Oakland,

Wayne and St. Clair counties with a full range of lending, deposit, trust,

wealth management, and Internet banking services. The Bank operates four

full service facilities, in Mount Clemens, Rochester Hills, Grosse Pointe

Farms and Grosse Pointe Woods, Michigan. Community Central Mortgage

Company, LLC, a subsidiary of the Bank, operates locations servicing the

Detroit metropolitan area and Northwest Indiana. River Place Trust and

Community Central Wealth Management are divisions of Community Central

Bank. Community Central Insurance Agency, LLC is a wholly owned subsidiary

of Community Central Bank.



    Forward-Looking Statements. This news release contains comments or

information that constitute forward-looking statements (within the meaning

of the Private Securities Litigation Reform Act of 1995), which involve

significant risks and uncertainties. Actual results may differ materially

from the results discussed in the forward-looking statements. Factors that

might cause such a difference include: changes in interest rates and

interest-rate relationships; changes in the national and local economy;

demand for products and services; the degree of competition by traditional

and non-traditional competitors; changes in banking regulations; changes in

tax laws; changes in prices, levies, and assessments; our ability to

successfully integrate acquisitions into our existing operations, and the

availability of new acquisitions, joint ventures and alliance

opportunities; the impact of technological advances; governmental and

regulatory policy changes; the outcomes of contingencies; trends in

customer behavior as well as their ability to repay loans; and other

factors included in Community Central Bank Corporation's filings with the

Securities and Exchange Commission, available free via EDGAR. The

Corporation assumes no responsibility to update forward-looking statements.





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