Community Bancorp Inc. Announces Retirement of Director
10 1월 2006 - 7:09AM
Business Wire
The board of directors of Community Bancorp Inc. (the "Company")
(NASDAQ:CMBC), parent company of Community National Bank, announced
today the retirement of Director Granger Haugh from the board of
Community Bancorp Inc. and the bank subsidiary Community National
Bank. The retirement was due to reaching the mandatory retirement
age for membership on the board. "We want to thank Granger for all
the hard work and contributions made to the Company since becoming
a member of the Board and wish him well in retirement," stated Gary
Deems, Chairman of the Board of the Company. "His past service as a
Director, including several years serving as Chairman, contributed
to our success and our position as one of the premier banking
companies in San Diego and Riverside counties." Mr. Haugh joined
the Board of Directors of Community National Bank (then Fallbrook
National Bank) in 1987 and held the role of Chairman from May 1997
through December 2001. Mr. Haugh's retirement was effective January
4, 2006. The Company does not plan on replacing Mr. Haugh by adding
a new Director. 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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