Community Bancorp (NASDAQ:CMBC)
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From Jun 2019 to Jun 2024
Community Bancorp Inc. (NASDAQ:CMBC), parent company of
Community National Bank ("Community"), announced today that Ken
Carteron has joined Community as Senior Vice President/Homeowners
Association (HOA) Division Manager.
Carteron, a 24-year banking veteran, will be responsible for
developing HOA banking relationships and managing the deposit and
lending activities of the HOA Division. During his extensive career,
Carteron has managed the HOA divisions of 1st Centennial Bank, Scripps
Bank and the Bank of Commerce.
"Ken has a proven track record in developing and managing the
highly specialized and desirable HOA market," stated Michael J.
Perdue, President and CEO. "We're thrilled to have someone with Ken's
knowledge and expertise to oversee the continued growth of our HOA
business," Perdue added.
Active in the HOA arena, Carteron currently serves as a Board
Member of the Community Associations Institute and is an Affiliate
Member of the California Association of Community Managers, two trade
associations serving the homeowners association market. Carteron is
also on the Board of Directors of The Association for Work Process
Improvement (TAWPI), a national association for the improvement of
payment processing systems.
Community Bancorp is a bank holding company with $895 million in
assets, including the assets of Rancho Bernardo Community Bank, as of
June 30, 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 (including the branch acquired
through the Rancho Bernardo acquisition) 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, 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.