Community Capital Corporation Exceeds $750 Million in Assets, Reports Strong Earnings and Announces Quarterly Cash Dividend

Community Capital Corporation Exceeds $750 Million in Assets, Reports Strong Earnings and Announces Quarterly Cash Dividend

Community Capital Corporation (Nasdaq:CPBK) reports operating results for the six months and quarter ending June 30, 2007.

Net income for the three months ended June 30, 2007 increased 16% to $1,788,000, or $0.46 per diluted share from $1,548,000, or $0.41 per diluted share for the same period in 2006. Return on average assets for the quarter was 0.95% for 2007 compared to 0.97% for 2006. Return on average equity was 11.64% compared to 11.05% in 2006.

Net income for the six months ended June 30, 2007 increased 13% to $3,418,000 from $3,021,000 for the same period in 2006. Diluted earnings per share for the six month period ended June 30, 2007 increased 13% to $0.89 from $0.79 for the six months ended June 30, 2006. Return on average assets for the six months was 0.93% for 2007 compared to 0.97% for 2006. Return on average equity was 11.33% in 2007 compared to 10.84% in 2006.

Total assets increased 14% to $768,697,000 at June 30, 2007 from $674,562,000 as of June 30, 2006. Total loans increased $85,541,000 or 16% to $614,107,000 at June 30, 2007, compared to $528,566,000 at June 30, 2006. Total deposits increased $34,980,000 or 7% to $516,458,000 at June 30, 2007 from $481,478,000 at June 30, 2006.

The company also declared a quarterly cash dividend of $0.15 per share, which is payable by September 7, 2007 to shareholders of record as of August 24, 2007. Community Capital Corporation has a dividend reinvestment and additional stock purchase plan. Information on the plan may be obtained from Registrar and Transfer Company, the plan administrator, at 800-368-5948.

Community Capital Corporation is the parent company of CapitalBank, which operates 17 community oriented branches throughout upstate South Carolina that offer a full array of banking services, including a diverse wealth management group. Additional information on CapitalBank’s locations and the products and services offered are available at www.capitalbanksc.com .

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 Quarterly Report on Form 10-Q for the quarter ended March 31, 2007.