Community Central Bank Corporation Completes $4.225M Series B Stock Sale
TROY, Mich., March 4 /PRNewswire/ -- Community Central Bank Corporation (Nasdaq: CCBD), the holding company for Community Central Bank (CCB), today announced that it has sold $4.225 million of Series B convertible preferred stock in a private transaction to local investors. The placement agent was Leonard Capital Markets, a division of Leonard & Company, Michigan's largest full service independent brokerage firm.
David A. Widlak, President and CEO of the Bank and the Corporation, commented, "We are obviously very pleased and grateful that CCB was able to garner public support for this capital raise. It has been a very difficult task for Michigan community banks to raise capital in the current economic environment. We are very grateful to Leonard Capital Markets for introducing our bank to community-minded investors."
"Leonard Capital Markets was glad to assist Community Central Bank in this sale of preferred stock. Community Central Bank has created a strong presence here in the southeastern Michigan market and has a very strong, proven management team. The investors were very excited to be able to participate in this very attractive Offering. I'm thrilled David Widlak gave us this opportunity," said Dan B. French, Jr. President and CEO, Leonard & Company.
About Community Central Bank Corporation
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 Central 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.
About Leonard & Company
Celebrating its 20th anniversary, Leonard & Company is Michigan's largest full-service independent brokerage firm, a federally registered securities broker-dealer, an SEC Registered Investment Advisor, and a member of FINRA and SIPC. Headquartered in Troy, MI, Leonard & Company (www.leonardandcompany.com) is a regional investment firm providing full service brokerage services, with offices across Michigan and in Colorado, Florida, and New York.
SOURCE Leonard & Company
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