Community Bancorp (NASDAQ:CMBC)
Historical Stock Chart
From Jun 2019 to Jun 2024
Community Bancorp Inc. (the "Company") (NASDAQ:CMBC),
parent company of Community National Bank ("Community"), announced
that Community was named an Exceptional Bank for 2006 in the $600
million to $1.2 billion asset category by the Findley Reports. This
recognition was given to acknowledge Community's exceptional
performance throughout its 20-year history where it consistently
ranked as either a Super Premier or Premier Performing Bank, the two
highest ratings a bank can receive. The ratings are based upon growth,
income, loan quality, and return on equity among other criteria.
"We are honored to receive this recognition," stated Michael J.
Perdue, President and CEO. "It reflects the diligence of our Board of
Directors, the hard work of our employees, and the loyalty of our
customers."
The Findley Reports is a bank publishing firm that reports on the
financial performance of commercial banks in the western United States
and publishes a monthly newsletter on the banking industry.
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.