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 ("Community"), announced
today that it has opened its twelfth branch office in the fast growing
community of Corona, located in western Riverside County. The new
branch is located at 1101 California Avenue, Suite 101, just minutes
from the I-15 at Magnolia Avenue.
The office is being managed by David K. Pilliod, Senior Vice
President/Commercial Banking Manager. A twenty-seven year banking
veteran with extensive experience in bank management and commercial
lending, Pilliod will be responsible for developing the Corona office
deposit and loan portfolios. A graduate of Kent State University and a
Vietnam veteran, Pilliod was awarded a Bronze Star, two Purple Hearts
and an Army Commendation Medal for his military service.
"Dave has a proven track record in developing and managing a
commercial bank," stated Michael J. Perdue, President and CEO. "We're
confident that he will be able to support the growth and development
of the Corona business community with first class service and
customized banking solutions," Perdue added.
Visitors to the new branch may enter a drawing to win a weekend
getaway for two at South Coast Winery in Temecula valued at $585.
Community Bancorp is a bank holding company with $888.4 million in
assets as of March 31, 2006, 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 twelve community banking offices
in Bonsall, Corona, 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.
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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.