Community Bancorp (NASDAQ:CMBC)
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Community Bancorp Inc. (NASDAQ:CMBC), parent company of
Community National Bank ("Community"), announced today that the
Company ranked tenth in the nation out of the top 200 publicly traded
community banks and thrifts with assets up to $1 billion in the July
2005 issue of U.S. Banker Magazine's Annual Performance Ranking. The
banks and thrifts were ranked based upon a three-year average return
on equity ("ROE"), and Community's ROE of 18.7 percent placed it tenth
on the list. The ranking, compiled using data from Keefe, Bruyette &
Woods for the three year period ending December 31, 2004, includes
banks and thrifts traded on the New York Stock Exchange, American
Stock Exchange and Nasdaq.
The Company also ranked highly in other key performance metrics,
placing fifth with a three-year median earnings per share growth rate
of 69.0% and fourth in three-year price performance with a stock
appreciation of 356.5%. "We are proud of the high ranking among our
peers and the investor returns we have achieved over the last three
years," stated Michael J. Perdue, President and CEO.
U. S. Banker, a monthly magazine published by SourceMedia, is a
leading banking business management magazine providing industry
coverage for over 112 years. Keefe, Bruyette & Woods is an investment
banking firm specializing in the financial institution industry.
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 in California 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.