New Savings Bank Proposed for Charleston

Community Capital Bancshares Inc., Albany, Ga., has announced the filing of an application to form a savings bank in Charleston, S.C., that would be named Atlantic Bank & Trust and would operate a recently acquired Charleston mortgage company as its mortgage banking division.In June, CCB opened a loan production office of its lead bank, Albany Bank & Trust, in Charleston, and that office would become the home office of Atlantic Bank, the company said. Albany Bank recently purchased East Bay Capital Mortgage, Charleston, which would become the mortgage banking division of the new bank. The new bank is being proposed by three Charleston-area bankers: Hal Cobb, previously of RBC Centura; Dean Lang, previously of SouthTrust Wachovia; and Chris Landers, previously of East Bay Capital Mortgage. Mr. Cobb would be president of Atlantic Bank, Mr. Lang would be its chief lending officer, and Mr. Landers would be its chief mortgage officer, according to CCB. The application was filed with the Office of Thrift Supervision.