Community Bancorp (NASDAQ:CMBC)
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From Jun 2019 to Jun 2024
Community Bancorp Inc. (the "Company") (NASDAQ:CMBC),
parent company of Community National Bank, today announced that L.
Bruce Mills, Jr., Sr. Vice President and Chief Financial Officer,
plans to resign from the Company effective March 31, 2006. Mr. Mills,
who joined the Company in June of 1998, indicated that his decision to
leave was based on personal considerations and a desire to pursue
other opportunities.
"Bruce has been an extremely valuable member of the executive
management team since his arrival in June of 1998," stated Michael J.
Perdue, President and CEO of the Company. "Under Bruce's financial
leadership, the Company has grown from approximately $125 million in
total assets when he started to over $900 million as of December 31,
2005. Community's current finance and accounting staff will assume
Bruce's duties while a search for an internal or external CFO
candidate is conducted."
Community Bancorp is a bank holding company with $908.6 million in
assets as of December 31, 2005, with a wholly owned banking
subsidiary, Community National Bank, headquartered in Escondido,
California. The bank's primary focus is community banking, providing
commercial banking services including commercial, real estate and SBA
loans to small and medium sized businesses. The bank serves San Diego
County and southwest Riverside County with eleven community banking
offices in Bonsall, El Cajon, Encinitas, Escondido, Fallbrook, La
Mesa, Murrieta, Rancho Bernardo, Santee, Temecula, and Vista, a
commercial loan production office in Corona, CA, and has additional
SBA loan production offices that originate loans in California,
Arizona, Nevada and Oregon.
www.comnb.com
Statements concerning future performance, developments or events,
expectations for growth and income forecasts, and any other guidance
on future periods, constitute forward-looking statements that are
subject to a number of risks and uncertainties. Actual results may
differ materially from stated expectations. Specific factors include,
but are not limited to, loan production, balance sheet management,
expanded net interest margin, the ability to control costs and
expenses, interest rate changes and financial policies of the United
States government (including the Small Business Administration), and
general economic conditions. Additional information on these and other
factors that could affect financial results are included in its
Securities and Exchange Commission filings. The Company disclaims any
obligation to update any such factors or to publicly announce the
results of any revisions to any forward-looking statements contained
herein to reflect future events or developments.