Community Capital Bancshares Inc. announced that effective immediately, James L.(Luke) Flatt will assume the role of President and Chief Executive Officer of Community Capital Bancshares and its wholly-owned subsidiary, AB&T National Bank. This appointment is subject to the review by regulatory authorities. Mr. Flatt who has almost 35 years in banking joins Community Capital after serving in numerous capacities with Regions Financial for the past eleven years; he served most recently as area president for the South Carolina/South Georgia area.

Community Capital Bancshares Inc. reported unaudited earnings results for the third quarter and nine months ended September 30, 2008. For the three months ended September 30, 2008, the Company incurred a loss of $3,059,000 or $0.99 per diluted share, in comparison to the loss of $447,000 or $0.15 per diluted share made during the same period of 2007. During the third quarter of 2008, the company recognized a loss of $936,000 due to other than temporary impairment on FNMA stock held in its investment portfolio. Total interest income for the period was $2,426,000 against $4,172,000 for the same period a year ago. Net interest income for the period was $1,035,000 against $1,803,000 for the same period a year ago. For the nine months ended September 30, 2008 of $5,325,000 or $1.74 per diluted share. This compares with income of $35,000 or $0.01 per diluted share for the nine months ended September 30, 2007. Net income for the year has been negatively impacted by loan loss provisions of $4,380,000 necessary to provide for potential losses in the loan portfolio. For the nine months ended there have been $1,102,000 of losses and write downs of foreclosed property as compared to $90,000 in 2007. Total interest income for the period was $7,987,000 against $14,142,000,000 for the same period a year ago. Net interest income for the period was $3,286,000 against $6,541,000 for the same period a year ago.

Community Capital Bancshares Inc. announced that it is discontinuing the payment of regular quarterly dividends on its common stock. The Company has paid a quarterly dividend of $0.02 per share since July, 2003.