Community Bancorp Inc. Announces Quarterly Cash Dividend
November 21 2005 - 8:05AM
Business Wire
The board of directors of Community Bancorp Inc. (the "Company")
(NASDAQ:CMBC), parent company of Community National Bank, declared
a quarterly cash dividend of $0.10 (ten cents) per share at its
meeting held on November 19, 2005. The fourth quarter dividend is
payable on December 30, 2005, to stockholders of record at the
close of business on December 15, 2005. On October 20, 2005, the
Company announced record earnings of $3.4 million for the quarter
ended September 30, 2005. On August 22, 2005, the Company announced
the completion of the acquisition of Rancho Bernardo Community
Bank. ABOUT COMMUNITY BANCORP INC. Community Bancorp is a bank
holding company with $882 million in assets as of September 30,
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, and has additional SBA
loan production offices that originate loans in California,
Arizona, Nevada and Oregon. Information regarding Community Bancorp
Inc. and Community National Bank is also available on the Internet
at 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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