Edgar Filing: COMMUNITY CENTRAL BANK CORP

SCHEDULE 14A
(RULE 14a-101)

INFORMATION REQUIRED IN PROXY STATEMENT
SCHEDULE 14A INFORMATION

PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES
EXCHANGE ACT OF 1934 (AMENDMENT NO. _____)

Filed by the registrant [X]

Filed by a party other than the registrant [ ]

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[ ] Preliminary proxy statement. [ ] Confidential, for use of the
Commission only (as permitted by
Rule 14a-6(e)(2)).

[X] Definitive proxy statement.

[ ] Definitive additional materials.

[ ] Soliciting material pursuant to
Rule 14a-12

Community Central Bank Corporation
(Name of Registrant as Specified in Its Charter)

________________________________________________________________________________
(Name of Person(s) Filing Proxy Statement if Other Than the Registrant)

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[X] No fee required.

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COMMUNITY CENTRAL BANK CORPORATION
120 NORTH MAIN STREET
MOUNT CLEMENS, MI 48043

NOTICE OF ANNUAL MEETING OF STOCKHOLDERS
TO BE HELD ON APRIL 17, 2007

NOTICE IS HEREBY GIVEN that the annual meeting of stockholders of COMMUNITY
CENTRAL BANK CORPORATION will be held at the Best Western Concorde Inn, 44315
Gratiot Avenue, Clinton Township, Michigan, on Tuesday, April 17, 2007, at 9:00
a.m., for the purpose of considering and voting upon the following matters:

1. ELECTION OF DIRECTORS. To elect three directors each for a three-year
term, as detailed in the accompanying proxy statement.

2. OTHER BUSINESS. To transact such other business as may properly be
brought before the annual meeting, or any adjournment or postponement of the
meeting. As of the date of this proxy statement, the Board of Directors of the
Corporation is not aware of any such other business.

Only those stockholders of record at the close of business on Monday,
February 26, 2007, shall be entitled to notice of and to vote at the annual
meeting or any adjournments or postponements thereof.

To ensure that your shares are represented at the annual meeting, please
take the time to vote by signing, dating and mailing the enclosed proxy, which
is solicited on behalf of the Corporation's Board of Directors. The proxy will
not be used if you attend and vote at the annual meeting in person. REGARDLESS
OF THE NUMBER OF SHARES YOU OWN, YOUR VOTE IS VERY IMPORTANT. PLEASE ACT TODAY.

By Order of the Board of Directors,

-------------------------------------
David A. Widlak
President and Chief Executive Officer

Dated: March 23, 2007

COMMUNITY CENTRAL BANK CORPORATION
120 NORTH MAIN STREET
MOUNT CLEMENS, MI 48043

PROXY STATEMENT

This proxy statement is furnished to stockholders of Community Central Bank
Corporation in connection with the solicitation of proxies by its Board of
Directors for use at the Corporation's annual meeting of stockholders and at any
and all adjournments or postponements of the meeting. The annual meeting of
stockholders is being held on Tuesday, April 17, 2007, at 9:00 a.m., at the Best
Western Concorde Inn, 44315 Gratiot Avenue, Clinton Township, Michigan. These
proxy materials are first being mailed to our stockholders on or about March 23,
2007. Community Central Bank Corporation is referred to as the "Corporation"
throughout this document. Certain of the information provided herein relates to
Community Central Bank, a wholly owned subsidiary of the Corporation, which is
referred to in this proxy statement as the "Bank."

The Board of Directors, in accordance with the bylaws of the Corporation,
has fixed the close of business on February 26, 2007, as the record date for
determining the stockholders entitled to notice of and to vote at the annual
meeting and at any and all adjournments and postponements of the meeting. At the
close of business on the record date, the Corporation had 3,829,758 shares of
common stock outstanding, with each outstanding share entitled to one vote. A
majority of the outstanding shares will constitute a quorum at the meeting.

Any proxy given pursuant to this solicitation may be revoked by the person
giving it at any time before its exercise. Unless the proxy is revoked, the
shares represented by it will be voted at the annual meeting or any adjournment
of the meeting. You may revoke your proxy before it is voted at the annual
meeting by (i) submitting a new proxy with a later date; (ii) notifying the
Corporation's Secretary at the above address that you revoke your previously
submitted proxy; or (iii) voting in person at the annual meeting.

The entire cost of soliciting proxies will be borne by the Corporation.
Proxies may be solicited by mail or by directors, officers, or regular employees
of the Corporation or its subsidiary, in person, by telephone or by other forms
of communication. The Corporation will reimburse brokerage houses and other
custodians, nominees and fiduciaries for their out-of-pocket expenses for
forwarding soliciting material to the beneficial owners of common stock of the
Corporation.

Shares held in "street name" by a broker, bank or other nominee, as the
record holder of the shares, are required to be voted in accordance with
instructions from the beneficial owner of the shares. If no instructions are
provided to the nominee, the nominee will be entitled to vote the shares with
respect to "discretionary" items but will not be permitted to vote the shares
with respect to "non-discretionary" items. In the case of non-discretionary
items, the shares will be treated as "broker non-votes." The election of
directors is considered a "discretionary" item and, therefore, the broker, bank
or other nominee may vote shares without instructions from the beneficial owner.

THE CORPORATION'S BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS THAT YOU VOTE
"FOR" THE ELECTION OF MANAGEMENT'S DIRECTOR NOMINEES.

STOCK OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

BENEFICIAL OWNERSHIP

The following table presents information regarding the beneficial ownership
of the Corporation's common stock as of February 26, 2007, the voting record
date for the annual meeting, by each of the directors and director nominees of
the Corporation, each of the executive officers named in the summary
compensation table on page 11, and all directors and executive officers of the
Corporation as a group. The persons named in the following table have sole
voting and investment powers for all shares of common stock shown as
beneficially owned by them, subject to community property laws where applicable
and except as indicated in the footnotes to this table. The address of each
person named in the table, except where otherwise indicated, is the same address
as the Corporation. An asterisk (*) in the table indicates that an individual
beneficially owns less than one percent of the outstanding common stock of the
Corporation. As of February 26, 2007, the Corporation had 3,829,758 shares of
common stock outstanding, with each share entitled to one vote.

Amount and Nature
of Beneficial Percent of
Name of Beneficial Owner Ownership (1) Common Stock
------------------------ ----------------- ------------

Gebran S. Anton, Director ................................ 188,117 4.91
David E. Bonior, Director(2) ............................. 7,741 *
Joseph Catenacci, Director ............................... 153,626 4.01
Salvatore Cottone, Director .............................. 190,581(4) 4.98
Celestina Giles, Director ................................ 25,644(5) *
Bobby L. Hill, Director(3) ............................... 31,456 *
Joseph F. Jeannette, Director ............................ 162,696(6) 4.25
Dean S. Petitpren, Chairman of the Board ................. 234,851 6.13
Ronald R. Reed, Vice Chairman of the Board ............... 84,055 2.16
John W. Stroh, III, Director ............................. 16,751(7) *
David A. Widlak, President, CEO and Director ............. 124,259(8) 3.20
Ray T. Colonius, Treasurer and CFO ....................... 60,561 1.56
Charles U. Shreve, VP of the Bank ........................ 28,682 *
Sam A. Locricchio, SVP and Sr. Loan Officer of the Bank .. 21,798 *
All directors and executive officers of the
Corporation as a group (14 persons) (2)(3) ............ 1,330,818 32.85

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(1) Includes shares of Corporation common stock held directly, as well as
shares held jointly with family members, shares held in retirement
accounts, held in a fiduciary capacity, held by certain of the group
members' families, or held by trusts of which the group member is a trustee
or substantial beneficiary, with respect to which shares of common stock
the group member may be deemed to have sole or shared voting and/or
investment powers. Also includes shares of common stock as to which the
named individual has the right to acquire beneficial ownership, currently
or within 60 days after February 26, 2007, pursuant to the exercise of
stock options: Mr. Bonior - 1,273 shares; Mr. Reed - 64,818 shares; Mr.
Widlak - 57,225 shares; Mr. Colonius - 49,065 shares; Mr. Shreve - 28,682
shares; Mr. Locricchio - 20,000 shares and all directors and executive
officers as a group - 221,063 shares.

(2) Mr. Bonior resigned from the Board of Directors on February 5, 2007.

(3) Mr. Hill will retire from the Board of directors effective April 17, 2007,
the date of the annual meeting of stockholders.

(4) Includes 52,799 shares owned solely by Mr. Cottone's spouse, 1,170 shares
owned by family members residing in his household and 1,014 shares held as
custodian for his grandchildren under the UGMA.

(5) Includes 9,684 shares owned solely by Mrs. Giles' spouse.

(6) Includes 27,947 shares held in trusts for the benefit of Mr. Jeannette's
children for which he is the trustee.

(7) Includes 6,563 shares owned solely by Mr. Stroh's spouse.

(8) Includes 683 shares owned solely by Mr. Widlak's spouse.

The table below shows the beneficial ownership of the Corporation's common
stock held by each person who was known by the Corporation to own beneficially
more than 5% of the Corporation's common stock as of February 26, 2007 and not
otherwise reported in the table above. To the best of the Corporation's
knowledge, no other person owns more than 5% of the Corporation's outstanding
common stock.

Name and Address Amount and Nature of Percent of
of Beneficial Owner Beneficial Ownership Common Stock
------------------- -------------------- ------------

Tontine Financial Partners, L.P. 350,810(1) 9.2%
Tontine Management, L.L.C.
Jeffrey L. Gendell
55 Railroad Avenue, 3rd Floor
Greenwich, CT 06830

----------
(1) Based on information in a Schedule 13G, dated January 10, 2007, filed by
Tontine Financial Partners, L.P. ("TFP"), a Delaware limited partnership,
Tontine Management, L.L.C. ("TM"), a Delaware limited liability company
which is the general partner of TFP, and Jeffrey L. Gendell, who is the
managing partner of TM. TFP, TM and Mr. Gendell have reported shared voting
and shared dispositive power over all of the reported shares.

ELECTION OF DIRECTORS

GENERAL

The Corporation's articles of incorporation provide that the number of
directors, as determined from time to time by the Board of Directors, shall be
no less than six and no more than 15. The articles of incorporation further
provide that the directors shall be divided into three classes, with each class
serving a staggered three-year term and with the number of directors in each
class being as nearly equal as possible.

Our Board of Directors currently consists of ten members, with
approximately one-third of the directors being elected annually. The Board of
Directors has adopted a resolution effective April 17, 2007, reducing the size
of the Board to nine members, eliminating the vacancies created by the departure
of Directors Bonior and Hill. On February 5, 2007, David Bonior resigned from
our Board of Directors in order to head a national 2008 Presidential Campaign.
Effective as of the date of the annual meeting, Bobby Hill will retire from the
Board of Directors. The Board of Directors appreciates the dedicated service of
Messrs. Bonior and Mr. Hill over the years.

The Board of Directors, based on the recommendation of the nominating
committee, has nominated Salvatore Cottone, Dean Petitpren and Ronald Reed, each
for a three-year term expiring at the Corporation's 2010 annual meeting of
stockholders, and upon election and qualification of their successors. Each of
the nominees is presently a director of the Corporation whose term expires at
the April 17, 2007 annual meeting of stockholders. The affirmative vote of a
plurality of the votes cast is required for the nominees to be elected. This
means that the nominees with the most affirmative votes are elected to fill the
available seats. Accordingly, votes withheld have no effect on the election of
directors. THE CORPORATION'S BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS THAT YOU
VOTE "FOR" THE ELECTION OF MANAGEMENT'S DIRECTOR NOMINEES.

The other members of the Board will continue in office in accordance with
their previous elections until the expiration of their terms at the
Corporation's 2008 or 2009 annual meetings of stockholders, respectively. See
"Information About Directors and Nominees as Directors" below.

It is the intention of the persons named in the enclosed proxy to vote the
proxy for the election of the three nominees. The proposed nominees for election
as directors are willing to be elected and serve; however, in the event that any
nominee at the time of election is unable to serve or is otherwise unavailable
for election, the Board of Directors may select a substitute nominee, and in
that event the persons named in the enclosed proxy intend to vote the proxy for
the person so selected. If a substitute nominee is not selected, the proxy will
be voted for the election of the remaining nominees.

INFORMATION ABOUT DIRECTORS AND NOMINEES AS DIRECTORS

The following table presents certain information about the director
nominees and continuing directors of the Corporation. All of the directors
listed are also directors of the Bank. Each of the directors has held the
principal occupation listed in the table below for at least the past five years,
except as specifically indicated otherwise.

Has Served
as a Director Year When Term
Name, Age, Principal Occupation Since of Office Expires
------------------------------- ------------- -----------------

NOMINEES
Salvatore Cottone, 67 ............................................... 1996 2010
President; Resco, Inc. (Real Estate Development)
Chairman of the Board of the Bank

Dean S. Petitpren, 64 ............................................... 1996 2010
President; Petitpren, Inc. (Beer Distribution)
Chairman of the Board of the Corporation

Ronald R. Reed, 60 .................................................. 2000 2010
President and CEO of the Bank
Vice Chairman of the Corporation

DIRECTORS REMAINING IN OFFICE
Joseph Catenacci, 71 ................................................ 1996 2009
Chief Operating Officer; John Carlo, Inc. (Highway and Heavy
Construction)

Celestina Giles, 60 ................................................. 2006 2009
Retired Executive Secretary of the Bank

David A. Widlak, 58 ................................................. 1999 2009
President and CEO of the Corporation

Gebran S. Anton, 74 ................................................. 1996 2008
Co-owner; Anton, Zorn & Associates (Commercial & Industrial
Real Estate Brokerage)
Sole member; Anton Management Group, LLC. (Real Estate Management)

Joseph F. Jeannette, 62 ............................................. 1996 2008
Retired Assistant Director; Utica Community Schools

John W. Stroh, III, 48 .............................................. 2005 2008
Chairman/CEO; The Stroh Companies (Investments)

BOARD MEETINGS, BOARD COMMITTEES
AND CORPORATE GOVERNANCE MATTERS

Attendance at Board, Committee and Annual Stockholders' Meetings. The
Corporation's Board of Directors conducted ten meetings during fiscal 2006. The
Board of Directors of the Bank, the Corporation's principal operating
subsidiary, conducted ten meetings during fiscal 2006. Each director attended at
least 75% of the (i) Corporation's Board meetings and any committees on which he
or she served and (ii) Bank's Board meetings and any committees on which he or
she served. In addition, all of our Board members are expected to attend the
Corporation's annual meeting of stockholders, although the Corporation does not
have any written policy as to Board members' attendance at the annual meeting of
stockholders. Last year's annual meeting of stockholders was attended by the
entire Board of Directors.

"Independent" Directors. The Board of Directors has determined that
directors Gebran S. Anton, David E. Bonior, Joseph E. Catenacci, Salvatore
Cottone, Celestina Giles, Bobby L. Hill, Joseph F. Jeannette and John W. Stroh,
III qualify as "independent" directors in accordance with the NASDAQ Marketplace
Rules. Mr. Bonior resigned from the Board of Directors on February 5, 2007 and
Mr. Hill will retire from the Board of Directors on April 17, 2007, the date of
the annual meeting of stockholders. This will result in seven of the
Corporation's nine directors qualifying as independent directors. The NASDAQ
independence definition includes a series of objective tests, such as that the
director is not an employee of the corporation and has not engaged in various
types of business dealings with the corporation. As further required by the
NASDAQ Marketplace Rules, the Board has made a subjective determination as to
each independent director that no relationships exist which, in the opinion of
the Board, would interfere with the exercise of his or her independent judgment
in carrying out the responsibilities of a director. In making these
determinations, the directors reviewed and discussed information provided by the
directors and the Corporation with regard to each director's business and
personal activities as they may relate to the Corporation and its management.

Board Committees and Charter. The Board of Directors of the Corporation has
standing Executive, Audit, Compensation and Nominating Committees. The Board of
Directors has adopted a written charter for the compensation, audit and
nominating committees, as well as a written code of business conduct and ethics
that applies to all of our directors, officers and employees. These documents
are posted on our web site at www.communitycentralbank.com under the
"Shareholder" link. You may also obtain a copy of these documents free of charge
by writing to our Corporate Secretary at Community Central Bank Corporation, 120
North Main Street, Mount Clemens, Michigan 48043, or by calling (586) 783-4500.

The Audit, Compensation and Nominating Committee members consist of solely
independent directors as defined in the NASDAQ Marketplace Rules. In addition,
the members of the Audit Committee each qualify as "independent" under standards
established by the U.S. Securities and Exchange Commission (the "SEC") for
members of audit committees. The Audit Committee also includes at least one
independent member who the Board has determined meets the qualifications of an
"audit committee financial expert" in accordance with SEC rules. Mr. Cottone is
the independent director who has been determined to be an audit committee
financial expert.

Executive Committee. The Executive Committee is comprised of Directors
Cottone, Petitpren, Reed and Widlak (Chairman). The Executive Committee did not
meet during 2006. The Executive Committee shall have and may exercise the full
powers and authority of the Board of Directors in the management of the business
affairs and property of the corporation during the intervals between meetings of
the Board of Directors. The Executive Committee shall also have the power and
authority to declare distributions and dividends and to authorize the issuance
of stock to the extent permitted by Michigan law.

Audit Committee. During 2006, the Audit Committee was comprised of
Directors Cottone (Chairman), Bonior, Jeannette and Stroh, III. The Audit
Committee met four times during fiscal 2006. The Audit Committee's
responsibilities include hiring, terminating or reappointing the Corporation's
independent auditors, reviewing the scope of proposed audits and the procedures
to be used, and the results of the audits, reviewing the adequacy and
effectiveness of accounting and financial controls, and reviewing the entire
internal and independent auditing function and the financial statements of the
Corporation. The Audit Committee also approves non-audit and audit services to
be performed by the independent auditors, reviews and approves all related party
transactions for potential conflict of interest situations, and reviews and
assesses the adequacy of the Audit Committee charter on an annual basis. The
full responsibilities of the audit committee are set forth in its charter, a
copy of which is posted on our web site at www.communitycentralbank.com.

Compensation Committee. During 2006, the Compensation Committee was
comprised of Directors Bonior, Catenacci, Jeannette and Petitpren (Chairman).
The Compensation Committee met one time during fiscal 2006. The Compensation
Committee reviews overall compensation policies and objectives for the
Corporation and the Bank. The Compensation Committee's responsibilities include
determining compensation and benefits for officers of the Corporation, based on
recommendations of Chief Executive Officer, David A. Widlak, who is not present
during voting or deliberations concerning his compensation. The Compensation
Committee recommends to the full Board the appropriate level of compensation and
the appropriate mix of cash compensation and equity compensation for Board and
Board committee service. The Compensation Committee is also responsible for
administering the option plans and benefit plans of the Corporation. Under the
Corporation 2002 Incentive Plan, the Compensation Committee may delegate to the
Chairman of the Board, the President or to other senior officers of the
Corporation any of its duties under the plan, except for its authority to grant
awards, or to take other actions with respect to participants who are subject to
Section 16 of the Exchange Act or are "covered employees" as defined in Section
162(m) of the Internal Revenue code of 1986, as amended. The full
responsibilities of the compensation committee are set forth in its charter, a
copy of which is posted on our web site at www.communitycentralbank.com.

Nominating Committee. During 2006, the Nominating Committee was comprised
of Directors Anton (Chairman), Bonior, Giles, Jeannette, Petitpren and Stroh.
The Nominating Committee met two times during fiscal 2006. The Nominating
Committee is responsible for reviewing and making recommendations to the Board
of Directors as to its size and composition and recommending to the Board of
Directors candidates for election as directors at the annual meetings, and
filling any vacancies that may occur between annual meetings. The Nominating
Committee will consider as potential nominees persons recommended by
stockholders. Recommendations should be submitted to the Nominating Committee in
care of Lisa M. Medlock, Secretary of the Corporation. Each recommendation
should include a personal biography of the suggested nominee, an indication of
the background or experience that qualifies such person for consideration, and a
statement that such person has agreed to serve if nominated and elected.
Stockholders who themselves wish to nominate a person for election to the Board
of Directors, as contrasted with recommending a potential nominee to the Board
for its consideration, are required to comply with the advance notice and other
requirements detailed in the Corporation's articles of incorporation. The
Nominating Committee has the following responsibilities:

(i) recommend to the Board the appropriate size of the Board and assist in
identifying, interviewing and recruiting candidates for the Board;

(ii) recommend candidates (including incumbents) for election and
appointment to the Board of Directors, subject to the provisions set
forth in the Corporation's articles of incorporation and bylaws
relating to the nomination or appointment of directors, based on the
following criteria: business experience, education, integrity and
reputation,

independence, conflicts of interest, diversity, age, number of other
directorships and commitments (including charitable obligations),
tenure on the Board, attendance at Board and committee meetings, stock
ownership, specialized knowledge (such as an understanding of banking,
accounting, marketing, finance, regulation and public policy) and a
commitment to the Corporation's communities and shared values, as well
as overall experience in the context of the needs of the Board as a
whole;

(iii) review nominations submitted by stockholders, which have been
addressed to the Corporation's Secretary, and which comply with the
requirements of the Corporation's articles of incorporation and
bylaws. Nominations from stockholders will be considered and evaluated
using the same criteria as all other nominations;

(iv) annually recommend to the Board committee assignments and committee
chairs on all committees of the Board, and recommend committee members
to fill vacancies on committees as necessary; and

(v) perform any other duties or responsibilities expressly delegated to
the Committee by the Board.

The full responsibilities of the nomination committee are set forth in its
charter, a copy of which is posted on our web site at
www.communitycentralbank.com.

Communications with the Board of Directors. Stockholders may communicate
directly with the Board of Directors, or any individual Board member, by sending
written communications to the Corporation, addressed to the Chairman of the
Board or such individual Board member.

COMPENSATION DISCUSSION AND ANALYSIS

OVERVIEW

This Compensation Discussion and Analysis contains an overview and analysis
of our compensation program, policies and practices with respect to our Chief
Executive Officer, Chief Financial Officer and the other named executive
officers included in the Summary Compensation Table on page 11, referred to
collectively as the "named executive officers." The discussion below is intended
to assist you in understanding the detailed information provided in those tables
in the context within our overall compensation program.

ROLE OF THE COMPENSATION COMMITTEE

The Corporation's Compensation Committee currently consists of four
directors, all of whom are deemed independent as defined under the NASDAQ
Martketplace Rules. The Compensation Committee operates under a formal written
charter, a copy of which is posted on our web site at
www.communitycentralbank.com. The Compensation Committee is responsible for
reviewing and approving compensation for the Corporation's directors and
executive officers. The Compensation Committee is also responsible for
reviewing, and either approving or submitting to the entire Board for approval,
the Corporation's compensation policies, programs goals and objectives.

Members of management may attend Compensation Committee meeting to provide
information about personnel policies and programs. Management's participation
plays an important part in the development and continuation of benefit plans,
and in determining appropriate compensation levels. Mr. Widlak, the
Corporation's Chief Executive Officer, and other executive officers from time to
time, assist

the Compensation Committee in evaluating employee performance, establishing
business performance targets and objectives, and in recommending salary levels
and option awards. Input on the performance of the named executive officers is
provided by the recommendations of Chief Executive Officer, David A. Widlak, who
is not present during the voting or deliberations concerning his compensation or
the compensation of the other named executive officers. The Committee delegates
the development of compensation policies and benefit programs affecting
employees, other than the named executive officers, to executive management,
providing these policies and benefit programs are in direct alignment with the
Corporation's objectives and philosophy as established by the Compensation
Committee.

COMPENSATION OBJECTIVES

The Corporation's compensation program is designed to attract, retain and
motivate quality, talented individuals who are critical to the Corporation's
success. The Corporation's compensation program is also designed to align the
interests of management with those of its stockholders. It is the Compensation
Committee's goal to set salaries and benefit levels which are competitive with
levels at other companies within its industry that are comparable in size and
type, and in the Corporation's geographic market area.

ELEMENTS OF EXECUTIVE COMPENSATION

The Corporation's executive compensation program consists of the following:

- Base salary;

- Cash bonus/incentive compensation;

- Equity-based compensation, primarily through stock option awards;

- Supplemental Executive Retirement Plan;

- Benefits offered to all employees such as an Employee Stock Ownership
Plan, 401(k) match, life, health and disability insurance; and

- Perquisite compensation including automobile allowance, use of company
owned vehicles, and country and health club memberships.

The Compensation Committee considers market pay practices and practices of
peer companies in determining the amounts to be paid. Compensation opportunities
for our executive officers, including our named executive officers, are designed
to be competitive with peer companies. We believe our executive compensation
packages are reasonable when considering our business strategy, our compensation
philosophy and the competitive market pay data.

The Compensation Committee uses several sources to collect and analyze
competitive market data. Data sources have included several published
compensation surveys and a private compensation database maintained by SNL
Financial LC. We compare compensation paid to our named executive officers with
compensation paid to executive officers in comparable positions at similar
companies ("Comparison Group"). The Comparison Group includes companies from the
banking and financial services industry in which we compete, particularly
financial institutions and financial institution holding companies of similar
size to the Corporation. This information is used to determine our competitive
position among similar companies in the marketplace, and to assist us in setting
our targeted pay at the desired range relative to our peers. The Compensation
Committee hired Al Pappa of the Cambridge Companies to assist in setting initial
CEO pay in 2004. Since that time, the Committee has done its own research using
SNL Financial LC and general market information.

Base Salary. Base salaries are determined by an executive's scope of
responsibility and future potential, experience level, and past performance and
further goals and objectives, and are intended to be competitive salaries within
the industry and markets we serve. An executive's base salary is intended to

provide a steady income to the executive. Since 2004 the only base change to CEO
has been cost of living and CFO raised to reflect market.

Cash Bonus. In addition to base salaries, the Corporation provides the
opportunity for the named executive officers and other executives to earn an
annual cash incentive award. This element of our compensation program allows us
to attract and retain an appropriate caliber of talent for each position and to
motivate executives to achieve our annual business goals. Awards are subject to
the Compensation Committee's discretion and may take into account the
achievement of goals set forth in our annual strategic plan, individual
performance and for those other than the CEO, the recommendation of the CEO.
Actual bonuses may be above or below target bonus levels at the discretion of
the Committee.

Annual cash bonuses are awarded to executive officers for individual
performance during the course of the year with respect to that individual's
goals, and the performance of the Corporation as a whole. Annual cash bonus
awards for executive officers are initially conditioned upon attaining a
Corporation-wide net earnings threshold. Assuming the Corporation achieves this
threshold, awards are based upon a combination of division performance and
individual performance and responsibility. The foregoing performance criteria
are subjectively evaluated and applied and are not based upon a mathematical
formula.

The bonus allocation is based on the performance of the Corporation in
achieving net income. As a general guideline, the Compensation Committee
establishes a total bonus pool equal to approximately ten percent of a
minimum-targeted net income base, which is set by the Compensation Committee at
the beginning of the fiscal year. The actual amount of money in the total bonus
pool may be increased or decreased at the end of the year at the discretion of
the Compensation Committee. The CEO receives 25% of the pool allocation. In
2006, bonuses provided to the named executive officers were significantly lower
than in 2005, due in part to the reduced level of profitability.

Stock Options. The Compensation Committee believes that stock options
provide an appropriate incentive to encourage management, particularly senior
management, to maximize stockholder returns since the value of an option bears a
direct correlation to appreciation in the Corporation's stock price. Grants
under the Corporation's equity-based incentive plans have the effect of more
closely aligning the interests of management with the interests of stockholders,
while at the same time providing a valuable tool for attracting, rewarding and
retaining key employees. The Corporation has not repriced or otherwise modified
options previously issued except to make adjustments as provided in the Plan for
stock splits.

The CEO and CFO prepare a recommendation for the total number of options to
be issued. This recommendation includes options to be issued as a group to the
named executive officers, other officers and personnel. The Compensation
Committee determines to grant stock options based upon this recommendation and
the subjective analysis of a number of factors, including the overall mix of
equity-based compensation to cash compensation, the number and frequency of
prior option grants and the potential for an individual's contribution and
performance to positively impact the Corporation's performance. Based upon the
foregoing factors, the Compensation Committee in December 2006 granted options
to purchase a total of 46,000 shares of the Corporation's common stock (of which
31,500 shares were granted to executive officers) at an exercise price per share
of $11.30. All options were issued at an exercise price equal to the average of
the highest reported asked price and the lowest reported bid price on the NASDAQ
Global Market on the day of issuance.

401(k) Plan. The Corporation maintains a qualified retirement 401(k) Plan
with a salary deferral feature designed to qualify under Section 401 of the
Internal Revenue Code of 1986. During 2006 and prior years, the 401(k) Plan
permitted most employees of the Corporation to defer a portion of their

eligible compensation on a pre-tax basis subject to certain maximum amounts. The
Corporation matched contributions in 2006 up to one-half of the first 6% of
compensation deferred by the participant under the 401(k) Plan, subject to
certain limitations, with a maximum annual contribution of 3% of total gross
compensation per participant. These matching contributions are made in cash and
may be adjusted from time to time by the Corporation. The 401(k) Plan does not
include Corporation common stock as one of its investment alternatives.

Employee Stock Ownership Plan ("ESOP"). The Corporation maintains an ESOP,
consisting of entirely Corporation common stock, covering substantially all of
the employees of the Corporation and its subsidiaries. The purpose of the plan
is to offer participants a systematic program for the accumulation of retirement
and savings income, as well as a means by which to obtain beneficial interest of
ownership in company stock. The ESOP also further aligns the interests of the
officers and employees of the Corporation with those of its stockholders.

Supplemental Executive Retirement Plan/Death Benefit Plan. The Corporation
offers a supplemental executive retirement plan and death benefit plan
(collectively, the "SERP") to its named executive officers as an incentive to
recruit, reward and retain key employees. The SERP provides for additional
income to the named executive officer and/or his beneficiary at retirement,
death or termination of employment. The SERP is described in detail beginning on
page 15 of this proxy statement. To recover the costs of projected employee
benefit liabilities, the Corporation purchased Bank Owned Life Insurance
("BOLI") on the lives of certain employees. The policy earnings, including death
benefits, will be used to offset and recover a portion of the costs of the SERP.

Other Benefits. The named executive officers and other personnel receive
life, health, dental and long-term disability insurance coverage in amounts the
Corporation believes to be competitive with comparable financial institutions.
The named executive officers receive certain excess life insurance benefits for
which the Corporation pays the excess premiums. The executive officers may also
receive country club and health club memberships, automobile allowances, use of
a company vehicle or other benefits.

SUMMARY COMPENSATION TABLE

The following table sets forth information concerning the annual
compensation for services provided to us by our Chief Executive Officer, Chief
Financial Officer and our three other most highly compensated executive officers
during the fiscal year ended December 31, 2006. We refer to the officers listed
in the table below as the named executive officers.

CHANGE IN
PENSION
VALUE AND
NONQUALIFIED
DEFERRED
STOCK OPTION COMPENSATION ALL OTHER
SALARY BONUS AWARDS AWARDS EARNINGS COMPENSATION TOTAL
NAME AND PRINCIPAL POSITION YEAR ($)(1) ($) ($) ($)(2) ($)(3) ($)(4) ($)
--------------------------- ---- -------- ------- ------ ------ ------------ ------------ --------

David A. Widlak 2006 $299,983 $20,000 -- 18,648 $130,987 $25,991 $495,609
President and CEO of
the Corporation

Ronald R. Reed 2006 $220,043 $12,500 -- -- $164,094 $30,725 $427,362
President and CEO of
the Bank

Ray T. Colonius 2006 $170,450 $10,000 -- -- $ 98,652 $20,753 $299,855
CFO and Treasurer of
the Corporation and Sr.
VP and CFO of the Bank

Charles U. Shreve 2006 $133,926 $10,000 -- -- $ 97,108 $18,045 $259,079
VP of the Bank and CEO
and President of
Community Central
Mortgage Company, LLC

Sam A. Locricchio 2006 $167,685 $10,000 -- 4,207 $ 98,689 $18,981 $299,562
Sr. VP and S.r Loan
Officer of the Bank

(1) Includes compensation of $30,000 in cash and $3,483 of Corporation common
stock for Mr. Widlak and Mr. Reed for service on the Boards of Directors of
the Corporation and/or the Bank and compensation of $6,000 in cash to Mr.
Shreve for service on the Board of Directors of the Mortgage Company. See
the Grants of Plan-Based Awards table for information on the common stock
awards to Mr. Widlak and Mr. Reed.

(2) Represents the proportionate amount of the total fair value of stock and
option awards recognized by the Corporation as an expense in 2006 for
financial accounting purposes, disregarding for this purpose the estimate
of forfeitures related to service-based vesting conditions. The fair values
of these awards and the amounts expensed in 2006 were determined in
accordance with Financial Accounting Standards Board Statement of Financial
Accounting Standards No. 123R. The option awards for which expense is shown
in this table included the awards granted in prior years for which we
continued to recognize expense in 2006, but did not include the option
awards described in the Grants of Plan-Based Awards table beginning on page
12 of this proxy statement as those awards will not commence vesting until
January 1, 2008. For a discussion of valuation assumptions, see Note 13 of
the Notes to Consolidated Financial Statements included in the
Corporation's annual report on Form 10-K for the year ended December 31,
2006. .

(3) Reflects the increase during 2006 in actuarial present values of each
executive officer's accumulated benefits under the Supplemental Executive
Retirement Plan (SERP).

(4) The amounts included in this column consist of the following (perquisites
and other personal benefits totaling less than $10,000 in the aggregate for
a named executive officer are excluded):

DAVID RONALD RAY CHARLES SAM
WIDLAK REED COLONIUS SHREVE LOCRICCHIO
------- ------- -------- ------- ----------

BENEFIT TYPE
401(k) Matching Contribution $ 9,878 $ 7,099 $ 5,703 $ 4,745 $ 5,892
ESOP Allocation 1,257 1,257 1,257 1,257 1,257
Excess Life Insurance Premiums 1,032 1,032 360 552 1,032
Perquisites and Other Personal Benefits:
Auto Reimbursement/Allowance 12,386 13,813 12,005 7,843 10,800
Other (a) 1,438 7,524 1,428 3,648 --
------- ------- ------- ------- -------
Total $25,991 $30,725 $20,753 $18,045 $18,981
======= ======= ======= ======= =======

(a) Includes membership dues to a health club for Mr. Widlak and Mr. Colonius,
a country club and business athletic club for Mr. Reed and a business
athletic club for Mr. Shreve.

GRANTS OF PLAN-BASED AWARD

ALL OTHER ALL OTHER
ESTIMATED POSSIBLE ESTIMATED FUTURE STOCK OPTION EXERCISE
PAYOUTS UNDER NON-EQUITY PAYOUTS UNDER EQUITY AWARDS: AWARDS: OR BASE
INCENTIVE PLAN AWARDS INCENTIVE PLAN AWARDS NUMBER NUMBER OF PRICE OF
-------------------------- -------------------------- OF SHARES SECURITIES OPTION
THRES- THRES- OF STOCK UNDERLYING AWARDS
GRANT HOLD TARGET MAXIMUM HOLD TARGET MAXIMUM OR UNITS OPTIONS ($/SH)
NAME DATE ($) ($) ($) ($) ($) ($) (#)(1) (#)(2) (2)
---- -------- ------ ------ -------- ------ ------ -------- --------- ---------- --------

David A. Widlak 12/19/06 -- -- -- -- -- -- -- 11,500 $11.30
05/01/06 -- -- -- -- -- -- 300 -- --

Ronald R. Reed 12/19/06 -- -- -- -- -- -- -- 6,500 $11.30
05/01/06 -- -- -- -- -- -- 300 -- --

Ray T. Colonius 12/19/06 -- -- -- -- -- -- -- 4,500 $11.30

Charles U. Shreve 12/19/06 -- -- -- -- -- -- -- 4,500 $11.30

Sam A. Locricchio 12/19/06 -- -- -- -- -- -- -- 4,500 $11.30

(1) Reflects the number of shares of freely-tradable, unrestricted Corporation
common stock granted to Messrs. Widlak and Reed as compensation, in part,
for service as a director. The fair market value of the 300 shares of
common stock was $3,483 on the date of grant, based on the $11.30 closing
price of the Corporation's common stock as of that date.

(2) The options reported in this table vest equally over a 5 year period, with
the first installment vesting on January 1, 2008 and each additional
installment vesting annually thereafter. Under the 2002 Incentive Plan, the
exercise price of an option is equal to the mean between the highest and
lowest sales price per share of the Corporation's common stock as reported
on the NASDAQ Stock Market on the date of grant or, if there were no sales
reported on the grant date, on the last preceding date on which a sale was
reported. The closing market price of the underlying common stock as
reported on the NASDAQ Stock Market on the date of the grant was $11.30.

We have no employment, severance or change in control agreements with our
named executive officers. All components of the named executive officers'
compensation are determined by the Compensation Committee, as more fully
described under the Compensation Discussion and Analysis section above. The
stock options reported in the table above were granted by the Compensation
Committee pursuant to the terms of the 2002 Incentive Plan. All options awarded
pursuant to this plan are at an exercise price equal to the fair market value of
the Corporation's common stock on the date of grant. Fair market value is
defined under the plan as the mean between the highest and lowest sales price
per share of the Corporation's common stock as reported on the NASDAQ Stock
Market on the date of grant or, if there were no sales reported on the grant
date, on the last preceding date on which a sale was reported. In the event an
optionee is terminated following a change in control of the Corporation, the
vesting period of the options, if any, is accelerated. The options are not
transferable except by will or the laws of descent and distribution.

Messrs. Widlak and Reed serve as directors on the Corporation's Board of
Directors. Under the Corporation's 2002 Incentive Plan, as amended, each
director is awarded 300 shares of common stock of the Corporation annually. The
awards are made each year, on the first business day of the month following the
annual meeting of stockholders, from 2002 through 2010, during the period that
the director serves on the Board.

OUTSTANDING EQUITY AWARDS AT FISCAL YEAR-END

The following table sets forth information about all of the outstanding
option awards held by the named executive officers as of December 31, 2006.
There were no outstanding restricted stock awards held at December 31, 2006 by
the named executive officers.

EQUITY INCENTIVE
PLAN AWARDS:
NUMBER OF NUMBER OF NUMBER OF
SECURITIES SECURITIES SECURITIES
UNDERLYING UNDERLYING UNDERLYING
UNEXERCISED UNEXERCISED UNEXERCISED OPTION
OPTIONS (#) OPTIONS (#) UNEARNED EXERCISE OPTION
NAME EXERCISABLE UNEXERCISABLE OPTIONS (#) PRICE ($) EXPIRATION DATE
---- ----------- ------------- ---------------- --------- ---------------

David A. Widlak 13,892 7.34 05-13-2012
8,103 10.31 11-19-2013
13,230 11.71 11-15-2014
9,450 12.58 12-01-2015
1,050 12.58 12-01-2015
11,500(1) 11.30 12-18-2016

Ronald R. Reed 9,575 4.75 10-02-2010
8,377 5.23 04-24-2011
14,776 4.95 05-07-2011
13,891 7.34 05-13-2012
5,788 10.31 11-19-2013
6,615 11.71 11-15-2014
840 12.58 12-01-2015
4,410 12.58 12-01-2015
6,500(1) 11.30 12-18-2016

Ray T. Colonius 5,077 4.75 10-02-2010
4,318 4.51 01-05-2010
8,375 5.23 04-24-2011
14,777 4.95 05-07-2011
5,788 7.34 05-13-2012
3,473 10.31 11-19-2013
5,512 11.71 11-15-2014
4,200 12.58 12-01-2015
4,500(1) 11.30 12-18-2016

Charles U. Shreve 5,788 5.20 07-09-2011
5,788 7.34 05-13-2012
2,894 10.31 11-19-2013
5,512 11.71 11-15-2014
4,200 12.58 12-01-2015
4,500(1) 11.30 12-18-2016

Sam A. Locricchio 5,788 8.70 07-07-2013
5,512 11.71 11-15-2014
525 12.58 12-01-2015
3,675 12.58 12-01-2015
4,500(1) 11.30 12-18-2016

(1) The stock options were granted on December 19, 2006 and vest equally over a
five year period on each of January 1, 2008, January 1, 2009, January 1,
2010, January 1, 2011 and January 1, 2012.

OPTION EXERCISES AND STOCK VESTED

The following table sets forth information about stock options exercised
during the year ended December 31, 2006 for each named executive officer.

OPTION AWARDS STOCK AWARDS
-------------------------------- -------------------------------
NUMBER OF
NUMBER OF VALUE REALIZED SHARES VALUE REALIZED
SHARES ACQUIRED ON EXERCISE ACQUIRED ON ON VESTING
NAME ON EXERCISE (#) ($)(1) VESTING (#)(2) ($)(2)
---- --------------- -------------- -------------- --------------

David A. Widlak 2,100 11,865 -- --
David A. Widlak 2,100 11,151 300 3,483
Ronald R. Reed 300 3,483
Ray T. Colonius -- --
Charles U. Shreve -- --
Sam A. Locricchio -- --

(1) Represents amount realized upon exercise of stock options, based on the
difference between the market value of the shares acquired at the time of
exercise and the exercise price.

(2) The stock awards were granted to the named executive officers as director
compensation and are disclosed in the Summary Compensation Table and Grants
of Plan Based Awards tables above.

PENSION BENEFIT

The Corporation, through the Community Central Bank Corporation
Supplemental Executive Retirement Plan, and the Bank, through the Community
Central Bank Supplemental Executive Retirement Plan, provides supplemental
retirement benefits to the named executive officers (collectively, the "SERP").
The SERP is designed to provide monthly benefits over a 15-year period to each
participant upon his retirement. The Pension Benefits table below provides
information regarding the number of years of credited service, the present value
of accumulated benefits, and any payments made during the last fiscal year with
respect to the SERP. The SERP is an unfunded plan. The Bank has obtained life
insurance policies on the lives of the participants in the SERP as a means of
offsetting the costs of providing the benefits under the SERP.

The assumptions used in determining the present value of accumulated
service in the table below are referenced in Note 13 of the Corporation's
Consolidated Financial Statements contained in the Annual Report to Stockholders
accompanying this proxy statement.

NUMBER OF PRESENT VALUE
YEARS OF PAYMENTS
CREDITED ACCUMULATED DURING LAST
SERVICE SERVICE FISCAL YEAR
NAME PLAN NAME (#)(1) ($) ($)
---- ---------------------------- --------- ------------- -----------

David A. Widlak Supplemental Retirement Plan 5 459,171 --
Ronald R. Reed Supplemental Retirement Plan 6 462,222 --
Ray T. Colonius Supplemental Retirement Plan 7 173,901 --
Charles U. Shreve Supplemental Retirement Plan 5 109,858 --
Sam A. Locricchio Supplemental Retirement Plan 4 115,334 --

The annual benefit under the SERP upon retirement is the product of the
participant's final average compensation, benefit percentage, and vested
percentage. The participant's vested percentage is based on his years of
credited service. Each participant's benefit percentage, vesting formula, and
years of credited service are set out in the participant's SERP agreement. The
SERP agreement may provide for a minimum or maximum SERP benefit amount. If a
change in control occurs while the participant is actively employed by the
Corporation, then the participant will fully vest in his SERP benefit regardless
of his years of credited service.

Final average compensation is the average of the participant's three
highest years of compensation, whether or not such years are consecutive.
"Compensation" is defined as the annual cash compensation relating to services
performed by a participant for the Bank or the Corporation during any calendar
year, whether or not paid in such calendar year or included on the Federal
Income Tax Form W-2 for such calendar year, excluding fringe benefits, stock
options, other stock based compensation, relocation expenses, non-monetary
awards, and automobile and other allowances paid to a participant for employment
services rendered (whether or not such allowances are included in the
participant's gross income). Compensation is calculated before reduction for
compensation voluntarily deferred or contributed by the participant pursuant to
all qualified or non-qualified plans of the Bank and shall be calculated to
include amounts not otherwise included in the participant's gross income under
Code Sections 125, 402(e)(3), 402(h), or 403(b) pursuant to plans established by
the Bank; provided, however, that all such amounts will be included in
compensation only to the extent that, had there been no such plan, the amount
would have been payable in cash to the participant.

The minimum benefit for Mr. Widlak, Mr. Reed and Mr. Colonius is $75,000
per year paid monthly over a 15 year period upon retirement. The maximum benefit
for the same participants is 50% of the average compensation of the three
highest years of compensation as previously defined, on an annual basis to be
paid monthly over a 15 year period upon retirement. The minimum and maximum
benefit for Mr. Locricchio and Mr. Shreve is set at $50,000 per year, paid
monthly upon retirement. The current number of years of credited service as of
December 31, 2006 is detailed in the table above for each plan participant.
Participants vest at a rate of 10% for each year of credited service.

A participant's vested SERP benefit commences upon the later of the date
the participant attains age 65, or terminates employment with the Corporation
(the "Normal Retirement Date"). The SERP pays monthly payments equal to
one-twelfth of the participant's vested annual benefit as determined above.
Monthly payments commence on the first day of the month after the participant's
Normal Retirement Date, and continue for a specified number of months, typically
one hundred and eighty (180). If the participant is a "specified employee"
(generally an officer earning over $145,000), his monthly payments may be
delayed until 185 days after his termination of employment.

In-service distributions are not permitted under the SERP, unless the
participant is subject to current taxation with respect to some or all of his
SERP benefit, in which case some or all of his vested SERP benefit may be
distributed. If the participant dies or is terminated for cause, no benefits are
payable under this Plan. In the event of death, however, the participant's
beneficiaries may receive a benefit under the Bank's Death Benefit Plan relating
to his SERP benefit or the unpaid portion thereof.

If the SERP is terminated, the participant's SERP benefit will be paid to
him in a lump sum amount in cash as soon as practicable after the termination.
The lump sum amount will be the equivalent actuarial value of the Participant's
SERP benefit at the time the Plan is terminated. The interest rate used to
determine equivalent actuarial value is the then-current effective yield on the
U.S. Treasury 10-year note, plus 100 basis points, but not to exceed 7 percent
per annum.

If a participant dies before receiving any retirement benefits under the
SERP, then pursuant to the Bank's Death Benefit Plan, his designated beneficiary
will be entitled to receive a single lump sum amount equal to the equivalent
actuarial value (determined in the same manner as described above) of the
participant's SERP benefit plus a tax gross-up amount. If a participant dies
after he has begun to receive retirement benefits under the SERP, then pursuant
to the Bank's Death Benefit Plan, his designated beneficiary will be entitled to
receive a single lump sum amount equal to the equivalent actuarial value of the
participant's remaining SERP benefit plus a tax gross-up amount. The tax
gross-up amount, which is intended to compensate a participant's beneficiary for
federal, state and local income and employment taxes attributable to the
participant's death benefit, is equal to 45 percent of the participant's death
benefit payment.

POST-TERMINATION PAYMENTS AND BENEFITS

The following tables summarize the value of termination payments and
benefits that our named executive officers would receive if they had terminated
employment with the Corporation on December 31, 2006 under the circumstances
shown. The tables exclude (i) amounts accrued through December 31, 2006 that
would be paid in the normal course of continued employment, such as accrued but
unpaid salary and earned annual bonus for 2006, and (ii) contracts, agreements,
plans and arrangements that do not discriminate in scope, terms or operation, in
favor of our executive officers, and that are available generally to all of our
salaried employees, such as vested account balances under our 401(k) plan and
health and welfare benefits. We have no employment, severance or change in
control agreements with our named executive officers.

DAVID A. WIDLAK

TERMINATION BY
COMPANY OR INVOLUNTARY
EXECUTIVE OTHER TERMINATION
THAN RETIREMENT, FOLLOWING A
RETIREMENT DEATH DISABILITY DEATH OR CHANGE IN CONTROL
BENEFIT ($) ($) ($) DISABILITY ($) ($)
------- ---------- ------- ---------- ---------------- -----------------

Acceleration of Stock Options (1) -- -- -- -- 8,050
Retirement Benefits:
Supplemental Executive
Retirement Plan 77,958(2) -- -- -- 918,342(3)
Death Benefit Plan (4) -- 459,171 -- -- --

(1) Reflects the excess of the fair market value of the underlying shares as of
December 31, 2006 over the exercise or base price of all unvested options,
the vesting of which accelerates in connection with the specified event.

(2) Assumes that the participant's participation in the SERP was terminated as
of December 31, 2006. Reflects the annual amount of the participant's SERP
benefit, payable to the participant monthly over a 15 year period,
commencing at December 31, 2006 or the participant's earliest eligibility
age, if later.

(3) Assumes that the SERP is terminated in connection with a change in control.
Upon any termination of the SERP, whether or not in connection with a
change in control, the executive would be entitled to an immediate lump sum
distribution of SERP benefits. If the SERP is not terminated in connection
with a change in control, then the executive would be entitled to the
payments set forth in the "Retirement" column of the table.

(4) Represents the lump sum present value of the participant's unpaid SERP
benefit that would be paid to the participant's beneficiary and an
estimated tax gross-up amount of $206,627 that would be paid by the Bank to
compensate the participant's beneficiary for federal, state and local
income and employment taxes attributable to the participant's death
benefit.

RONALD R. REED

Acceleration of Stock Options (1) -- -- -- -- 7,550
Retirement Benefits:
Supplemental Executive
Retirement Plan 68,173(2) -- -- -- 738,778(3)
Death Benefit Plan (4) -- 462,222 -- -- --

(4) Represents the lump sum present value of the participant's unpaid SERP
benefit that would be paid to the participant's beneficiary and an
estimated tax gross-up amount of $208,000 that would be paid by the Bank to
compensate the participant's beneficiary for federal, state and local
income and employment taxes attributable to the participant's death
benefit.

RAY T. COLONIUS

Acceleration of Stock Options (1) -- -- -- -- 3,150
Retirement Benefits:
Supplemental Executive
Retirement Plan 56,309(2) -- -- -- 254,787(3)
Death Benefit Plan (4) -- 173,901 -- -- --

(4) Represents the lump sum present value of the participant's unpaid SERP
benefit that would be paid to the participant's beneficiary and an
estimated tax gross-up amount of $78,255 that would be paid by the Bank to
compensate the participant's beneficiary for federal, state and local
income and employment taxes attributable to the participant's death
benefit.

CHARLES U. SHREVE

Acceleration of Stock Options (1) -- -- -- -- 3,150
Retirement Benefits:
Supplemental Executive
Retirement Plan 25,000(2) -- -- -- 230,669(3)
Death Benefit Plan (4) -- 109,858 -- -- --

(4) Represents the lump sum present value of the participant's unpaid SERP
benefit that would be paid to the participant's beneficiary and an
estimated tax gross-up amount of $49,436 that would be paid by the Bank to
compensate the participant's beneficiary for federal, state and local
income and employment taxes attributable to the participant's death
benefit.

SAM A. LOCRICCHIO

Acceleration of Stock Options (1) -- -- -- -- 3,150
Retirement Benefits:
Supplemental Executive
Retirement Plan 20,000(2) -- -- -- 274,644(3)
Death Benefit Plan (4) -- 115,334 -- -- --

(4) Represents the lump sum present value of the participant's unpaid SERP
benefit that would be paid to the participant's beneficiary and an
estimated tax gross-up amount of $51,900 that would be paid by the Bank to
compensate the participant's beneficiary for federal, state and local
income and employment taxes attributable to the participant's death
benefit.

COMPENSATION COMMITTEE REPORT

The Compensation Committee of the Board of Directors of the Corporation oversees
the compensation programs of the Corporation on behalf of the Board. In
fulfilling its oversight responsibilities, the Committee reviewed and discussed
with management of the Corporation the Compensation Discussion and Analysis
included in this proxy statement.

In reliance on the review and discussions referred to above, the Committee
recommended to the Board of Directors that the Compensation Discussion and
Analysis be included in this proxy statement.

Submitted by the Compensation Committee of the Corporation's Board of
Directors:

Joseph Catenacci
Joseph F. Jeannette
Dean S. Petitpren

This report shall not be deemed to be incorporated by reference by any general
statement incorporating by reference this proxy statement into any filing under
the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934,
as amended, and shall not otherwise be deemed filed under such acts.

COMPENSATION COMMITTEE INTERLOCKS AND INSIDER PARTICIPATION

The Compensation Committee members during 2006 were Directors Bonior,
Catenacci, Jeannette and Petitpren. No member of the Compensation Committee (i)
was, during 2006, or had previously been, an officer or employee of the
Corporation, or (ii) had any material interest in a transaction of the
Corporation or a business relationship with, or any indebtedness to, the
Corporation, in each case that would require disclosure under applicable rules
of the SEC. No other interlocking relationship existed between any member of the
Compensation Committee or an executive officer of the Corporation, on the one
hand, and any member of the Compensation Committee or an executive officer of
any other entity, on the other hand.

DIRECTOR COMPENSATION

NON-EMPLOYEE DIRECTOR COMPENSATION

The following table sets forth a summary of the compensation we paid to our
non-employee directors during 2006:

CHANGE IN
PENSION
VALUE AND
FEES EARNED NON-EQUITY NONQUALIFIED
OR PAID IN STOCK OPTION INCENTIVE PLAN DEFERRED ALL OTHER
CASH AWARDS AWARDS COMPENSATION COMPENSATION COMPENSATION TOTAL
NAME ($) ($)(1) ($) ($) EARNINGS ($) ($)
---- ----------- ------ ------ -------------- ------------ ------------ ------

Gebran S. Anton 26,050 3,483 -- -- -- -- 29,533
David E. Bonior(2) 25,550 3,483 -- -- -- -- 29,033
Joseph Catenacci 25,000 3,483 -- -- -- -- 28,483
Salvatore Cottone 58,220 3,483 -- -- -- -- 61,703
Celestina Giles 24,250 3,483 -- -- -- -- 27,733
Bobby L. Hill(3) 29,050 3,483 -- -- -- -- 32,533
Joseph F. Jeannette 26,800 3,483 -- -- -- -- 30,283
Dean S. Petitpren 30,900 3,483 -- -- -- -- 34,383
John W. Stroh, III 26,800 3,483 -- -- -- -- 30,283

(1) The amounts included in the "Stock Awards" column are the amounts of
compensation cost recognized by the Corporation in 2006, as described in
Statement of Financial Accounting Standards No. 123R. For a discussion of
valuation assumptions, see Note 13 of the Notes to Consolidated Financial
Statements included in the Corporation's annual report on Form 10-K for the
year ended December 31, 2006. During 2006, each director received 300
shares of unrestricted, fully vested common stock.

(2) Mr. Bonior resigned from the Board of Directors effective February 5, 2007.

(3) Effective April 17, 2007, Mr. Hill will retire from the Board of Directors.

During 2006, each member of the Board of Directors received a monthly
retainer of $2,000, in the aggregate, for services as a director of the
Corporation and the Bank. Non-employee directors of the Corporation and the Bank
also received compensation for their services as committee members. Non-employee
directors of the Executive, Audit, Compensation and Nominating Committees of the
Corporation and the Bank each received $500 per meeting attended, except for the
Chairman of the Audit Committee who received $2,000 per month, the Chairman of
the Compensation Committee who received $500 per month and the Chairman of the
Nominating Committee who received $1,000 per meeting attended during 2006.

Non-employee directors serving on the Bank's Loan and Asset/Liability
Committees each received $50 per meeting attended, except for the chairmen of
such committees who each received $100 per meeting attended. Director Cottone
received $1,000 a month for serving as Chairman of the Board of Community
Central Mortgage Company, LLC, the Corporation's mortgage company subsidiary and
directors Jeannette, Reed and Widlak each received $500 a month for serving as
advisory board members to the mortgage company. Under the Corporation's 2002
Incentive Plan, as amended, each director is awarded 300 shares of common stock
of the Corporation annually. The awards are made each year, on the first
business day of the month following the annual meeting of stockholders, from
2002 through 2010, during the period that the director serves on the Board.

All director related fees earned by Mr. Widlak and Mr. Reed during 2006 are
reported in the salary column of the Summary Compensation Table under "Executive
Compensation."

CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

The Bank has had, and expects to have in the future, loans and other
banking related transactions in the ordinary course of business with the
Corporation's directors, executive officers, and principal stockholders and
their associates. All such transactions (i) are made in the ordinary course of
business, (ii) are made on substantially the same terms, including interest
rates and collateral on loans, as those prevailing at the time for comparable
transactions with other persons, and (iii) in the opinion of management, do not
involve more than the normal risk of collectibility, or present other
unfavorable features. All loans made by the Bank to its directors and officers
are subject to federal banking regulations restricting loan and other
transactions with affiliated persons of the Bank. As of December 31, 2006, the
Bank had outstanding 45 loans to the directors and executive officers of the
Corporation, totaling approximately $7.7 million in the aggregate, with an
additional $3.4 million under commitments. All outstanding loans to directors
and executive officers were performing in accordance with their terms at
December 31, 2006.

David Widlak, the Corporation's President and Chief Executive Officer and a
Director of the Corporation and the Bank, serves, without compensation, as Of
Counsel to the law firm of O'Reilly Rancilio PC, Sterling Heights, Michigan,
which serves as local counsel to the Bank. Except for the foregoing, there were
no "related party" transactions during 2006. A related party transaction is a
transaction required to be disclosed pursuant to SEC Regulation S-K, Item 404.
Under its charter, the audit committee of the board of directors is responsible
for reviewing and approving any proposed related party transaction. While there
are no written policies or procedures regarding the audit committee's review of
related party transactions, the committee must review the material facts of any
related party transaction and approve the transaction. If advance approval is
not practicable, then the committee must ratify the related party transaction at
its next scheduled meeting or the transaction must be rescinded. In making its
determination to approve or ratify the transaction, the committee will consider
such factors as (i) the extent of the related party's interest in the related
party transaction; (ii) if applicable, the availability of other sources of
comparable products or services; (iii) whether the terms of the related party
transaction are no less favorable than terms generally available in unaffiliated
transactions under like circumstances; (iv) the benefit to the Corporation; and
(v) the aggregate value of the related party transaction.

SELECTION OF AND RELATIONSHIP WITH INDEPENDENT AUDITOR

The Audit Committee of the Board of Directors has appointed Plante & Moran,
PLLC as the Corporation's principal independent auditor for the year ending
December 31, 2007. In making its determination to appoint Plante & Moran, PLLC
as the Corporation's independent auditors for the 2007 fiscal year, the Audit
Committee considered the non-audit services that the independent auditors
provided during the 2006 fiscal year and determined that the provision of these
services is compatible with and does not impair the auditors' independence.
Representatives of Plante & Moran, PLLC plan to attend the annual meeting of
stockholders, will have the opportunity to make a statement if they desire to do
so, and will respond to appropriate questions by stockholders. The Audit
Committee, in its discretion, may direct the appointment of a different
independent accounting firm at any time during the year, if it determines that
such a change would be in the best interest of the Corporation and its
stockholders.

INDEPENDENT AUDITING FIRM FEES

Plante & Moran, PLLC was the Corporation's principal auditor for fiscal
2006 and 2005. The aggregate fees billed to the Corporation by Plante & Moran,
PLLC and its affiliates for the fiscal years ended December 31, 2006 and 2005
were as follows:

Year Ended December 31,
-----------------------
2006 2005
-------- --------

Audit Fees ................ $104,970 $110,500
Audit Related Fees(1) ..... 8,875 7,225
Tax Fees(2) ............... 21,870 5,525
All Other Fees(3) ......... 2,325 8,250
-------- --------
Total .................. $138,040 $131,500
======== ========

----------
(1) Primarily for services related to research on accounting issues during 2006
and 2005.

(2) Primarily for tax compliance, tax advice, tax return preparation services
and correspondence with the IRS. The fees reported for both years also
include tax consulting related services.

(3) Primarily for Sarbanes-Oxley 404 facilitation which was separately approved
by the Audit Committee of the Corporation.

PRE-APPROVAL OF AUDIT AND NON-AUDIT SERVICES

In compliance with Sarbanes, our Audit Committee pre-approves all audit and
permissible non-audit services provided by our independent auditors. These
services may include audit services, audit-related services, tax services and
other services. Prior to engaging our independent auditors to render an audit or
permissible non-audit service, the Audit Committee specifically approves the
engagement to render that service. Accordingly, we do not engage our independent
auditors to render audit or permissible non-audit services pursuant to
pre-approval policies or procedures or otherwise, unless the engagement to
provide such services has been approved by the Audit Committee in advance. The
engagement of Plante & Moran, PLLC to render 100 percent of the services
described in the categories above was approved by the Audit Committee in advance
of the rendering of those services.

REPORT OF THE AUDIT COMMITTEE

The following Audit Committee Report does not constitute soliciting
material and should not be deemed filed or incorporated by reference into any
other Corporation filing under the Securities Act of 1933 or the Securities
Exchange Act of 1934, except to the extent the Corporation specifically
incorporates this report by reference.

Management has the primary responsibility for the financial statements and
the reporting process, including the Corporation's systems of internal controls.
In fulfilling its oversight responsibilities, the Audit Committee reviewed and
discussed the audited financial statements for the year ended December 31, 2006
with management, including a discussion of the quality and the acceptability of
the Corporation's financial reporting and controls.

The Audit Committee has also discussed with the Corporation's independent
auditors, Plante & Moran, PLLC, which firm is responsible for expressing an
opinion on the conformity of those audited financial statements with generally
accepted accounting principles, their judgments as to the quality and the
acceptability of the Corporation's financial reporting and such other matters as
are required to be discussed with the Audit Committee under generally accepted
auditing standards, including the matters required to be discussed pursuant to
Statement on Auditing Standards No. 61 Communications with Audit Committees, as
amended by Statement of Auditing Standards No. 90, Audit Committee
Communications. The Audit Committee also received written disclosures and the
letter from Plante & Moran, PLLC required by Independence Standards Board
Standard No. 1, Independence Discussions with Audit Committees, disclosing the
matters that, in the auditor's judgment, may reasonably be thought to bear on
the auditors' independence from the Corporation, and has discussed with Plante &
Moran, PLLC their independence from the Corporation. The Audit Committee has
also considered the compatibility of the providing of non-audit services with
maintaining the auditors' independence.

In fulfilling its oversight responsibility of reviewing the services
performed by the Corporation's independent auditors, the Audit Committee
carefully reviews the policies and procedures for the engagement of independent
auditors and the fees paid by the Corporation for such services. The Audit
Committee also discussed with the Corporation's internal and independent
auditors the overall scope and plans for their respective audits and the fees
paid by the Corporation for such services. The Audit Committee meets
periodically with the internal and independent auditors, with and without
management present, to discuss the results of their examinations, their
evaluations of the Corporation's internal controls, and the overall quality of
the Corporation's financial reporting.

The Corporation's Chief Executive Officer and Chief Financial Officer also
reviewed with the Audit Committee the certifications that each such officer will
file with the SEC pursuant to the requirements of Sections 302 and 906 of the
Sarbanes-Oxley Act of 2002 ("Sarbanes"). Management also reviewed with the Audit
Committee the policies and procedures it has adopted to ensure the accuracy of
such certifications.

In reliance on the reviews and discussions referred to above, the Audit
Committee recommended to the Board of Directors that the audited financial
statements be included in the Annual Report on Form 10-K for the year ended
December 31, 2006 for filing with the Securities and Exchange Commission.

Submitted by the Audit Committee of the Corporation's Board of Directors:

Salvatore Cottone
Joseph F. Jeannette
John W. Stroh, III

SECTION 16(A) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE

Based solely on our review of copies of reports filed pursuant to Section
16(a) of the Securities Exchange Act of 1934, as amended, or written
representations from persons required to file such reports, we believe that all
filings required to be made were timely made in accordance with the requirements
of the Securities Exchange Act of 1934.

STOCKHOLDER PROPOSALS FOR 2008 ANNUAL MEETING

Any proposal submitted by a stockholder for the 2008 annual meeting of
stockholders should be sent to Lisa Medlock, Corporate Secretary, at 120 North
Main Street, PO Box 7, Mount Clemens, MI 48046-0007. Proposals must be received
by November 25, 2007, in order to be eligible to be included in the
Corporation's proxy statement for that meeting. Stockholder proposals to be
considered for presentation at next year's annual meeting, although not included
in the proxy statement must be received at our executive office at least 10 days
prior to the date of the annual meeting.

All stockholder proposals for inclusion in the Corporation's proxy
materials shall be subject to the requirements of the proxy rules adopted under
the Securities Exchange Act of 1934, as amended, and, as with any shareholder
proposal (regardless of whether it is included in proxy materials), the
Corporation's articles of incorporation and bylaws and Michigan law.

OTHER MATTERS

The Board of Directors does not know of any other matters to be brought
before the annual meeting. If other matters are presented upon which a vote may
properly be taken, it is the intention of the persons named in the proxy to vote
the proxies in accordance with their best judgment.

(BARCODE)

(COMMUNITY
CENTRAL BANK
CORPORATION LOGO)

000004 000000000.000000 ext 000000000.000000 ext
(BARCODE) MR A SAMPLE 000000000.000000 ext 000000000.000000 ext
DESIGNATION (IF ANY) 000000000.000000 ext 000000000.000000 ext
ADD 1
ADD 2
ADD 3
ADD 4
ADD 5
ADD 6

Using a BLACK INK pen, mark your votes with an X as shown
in this example. Please do not write outside the designated areas. [X]

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ANNUAL MEETING PROXY CARD
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PLEASE FOLD ALONG THE PERFORATION, DETACH AND RETURN THE BOTTOM PORTION IN THE ENCLOSED ENVELOPE.
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A ELECTION OF DIRECTORS (EACH FOR A 3-YEAR TERM) -- THE BOARD OF DIRECTORS RECOMMENDS A VOTE FOR ALL THE NOMINEES LISTED.

1. Nominees: FOR WITHHOLD FOR WITHHOLD FOR WITHHOLD
+
01 - Salvatore Cottone [ ] [ ] 02 - Dean S. Petitpren [ ] [ ] 03 - Ronald R. Reed [ ] [ ]

In their discretion, the proxies are authorized to vote upon any
other business that may properly come before the meeting, or at any
adjournment(s) thereof.

B NON-VOTING ITEMS

CHANGE OF ADDRESS -- Please print new address below. COMMENTS -- Please print your comments below.
______________________________________________________________ ____________________________________________________________
| | | |
| | | |
|______________________________________________________________| |____________________________________________________________|

C AUTHORIZED SIGNATURES -- THIS SECTION MUST BE COMPLETED FOR YOUR VOTE TO BE COUNTED. -- DATE AND SIGN BELOW

Please sign exactly as your name(s) appear(s) hereon. Joint owners should each sign personally. Trustees and other fiduciaries
should indicate the capacity in which they sign. If a corporation or partnership, the signature should be that of an authorized
person who should state his or her title.

Date (mm/dd/yyyy) -- Signature 1 -- Please keep signature Signature 2 -- Please keep signature within
Please print date below. within the box. the box.
______________________________________ __________________________________ _____________________________________________
| / / | | | | |
| / / | | | | |
|______________________________________| |__________________________________| |_____________________________________________|

C 1234567890 J N T MR A SAMPLE (THIS AREA IS SET UP TO ACCOMMODATE
140 CHARACTERS) MR A SAMPLE AND MR A SAMPLE AND
MR A SAMPLE AND MR A SAMPLE AND MR A SAMPLE AND
[ ] (BARCODE) 30 B V 0 1 2 5 1 1 1 MR A SAMPLE AND MR A SAMPLE AND MR A SAMPLE AND +

(STOCK#) 00OOJA

Dear Stockholder,

Please take note of the important information enclosed with this proxy card. You are requested to vote on the election of directors
as discussed in the enclosed proxy materials. Your board of directors recommends that you vote "FOR" all of the nominees.

Your vote counts, and you are strongly encouraged to exercise your right to vote your shares.

Please mark the box on this proxy card to indicate how your shares will be voted. Then sign and date the card, detach it, and return
your proxy vote in the enclosed postage paid envelope.

Your vote must be received prior to the Annual Meeting of Stockholders, April 17, 2007.

Thank you in advance for your prompt consideration of this matter.

Sincerely,

-------------------------------------
David A. Widlak
President and Chief Executive Officer

PLEASE FOLD ALONG THE PERFORATION, DETACH AND RETURN THE BOTTOM PORTION IN THE ENCLOSED ENVELOPE.
------------------------------------------------------------------------------------------------------------------------------------

(COMMUNITY
CENTRAL BANK
CORPORATION LOGO)

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PROXY -- COMMUNITY CENTRAL BANK CORPORATION
------------------------------------------------------------------------------------------------------------------------------------

120 North Main Street
Mount Clemens, MI 48043

ANNUAL MEETING OF STOCKHOLDERS - APRIL 17, 2007
PROXY SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS

The undersigned hereby appoints Celestina Giles and Joseph F. Jeannette, or either of them, with full power of substitution in each,
as proxies to vote all of the shares of common stock of Community Central Bank Corporation which the undersigned is entitled to vote
at the Annual Meeting of Stockholders of Community Central Bank Corporation to be held at the Best Western Concorde Inn, 44315
Gratiot Avenue, Clinton Township, Michigan 48036, on Tuesday, April 17, 2007, at 9:00 a.m., or at any adjournment or postponement
thereof, as follows on the reverse side.

THIS PROXY, WHEN PROPERLY EXECUTED AND TIMELY RETURNED, WILL BE VOTED AS DIRECTED HEREIN. IF NO DIRECTION IS GIVEN, THIS PROXY WILL
BE VOTED "FOR" ALL NOMINEES AND IN THE DISCRETION OF THE PROXY HOLDER ON ANY OTHER MATTER THAT MAY PROPERLY COME BEFORE THE MEETING
OR ANY ADJOURNMENT OR POSTPONEMENT THEREOF. SHOULD A NOMINEE BE UNABLE TO SERVE AS A DIRECTOR, AN EVENT THAT WE DO NOT ANTICIPATE,
THE PERSONS NAMED IN THIS PROXY RESERVE THE RIGHT, IN THEIR DISCRETION, TO VOTE FOR A SUBSTITUTE NOMINEE DESIGNATED BY THE
CORPORATION.

PLEASE VOTE, DATE AND SIGN ON REVERSE SIDE, AND RETURN PROMPTLY USING THE ENCLOSED ENVELOPE.