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 the Company
was named to Sandler O'Neill & Partners, L.P.'s Class of 2005 Sm-All
Stars as a top performing small cap publicly traded banking company
under $2 billion in market capitalization based on absolute
performance in eight financial variables that measure growth,
profitability, credit quality, and capital strength. Sandler O'Neill
selects Sm-All Stars to identify top performing small-cap banking
companies in the nation before they grow into top-performing mid-cap
banks fully recognized by Wall Street.
The Class of 2005 Sm-All Stars included only 38 banks and thrifts
whose performance qualified them out of 573 eligible nationwide. These
exceptional companies delivered nearly two times the level of loan,
deposit and earnings growth in the industry over the past twelve
months while simultaneously maintaining pristine credit quality and a
return on equity that ranks in the top quartile for the industry,
according to Sandler O'Neill's Bank & Thrift Industry Report.
"We are proud to be included in the prestigious Class of 2005
Sm-All Stars," stated Michael J. Perdue, President and CEO. "Our
inclusion reflects our continued success in building a high performing
company while expanding our franchise in southern California," Perdue
added.
Community Bancorp Inc. is a bank holding company with $708.3
million in assets as of March 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 ten retail banking offices
in Bonsall, El Cajon, Encinitas, Escondido, Fallbrook, La Mesa,
Murrieta, Santee, Temecula, and Vista, with additional SBA loan
production offices that originate loans in California, Arizona,
Nevada, and Oregon.
www.comnb.com
FORWARD-LOOKING STATEMENTS
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.