A South Carolina community bank company has failed to meet the Federal Reserve Board's guidelines for year-2000 readiness, the Fed said last week.

It has ordered Community Capital Corp. of Greenwood to complete its testing of "mission-critical" systems by June 30. The company was also ordered to give bi-weekly updates on its year-2000 progress to its board and the Federal Reserve Bank of Richmond, Va.

Community Capital, with $296 million of assets, operates five community banks in South Carolina.

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