Community Bancorp Inc. Named to Sandler O'Neill 2005 Bank & Thrift Sm-All Stars
July 08 2005 - 1:34PM
Business Wire
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.
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