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.
Community Bancorp (NASDAQ:CMBC)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Community Bancorp Charts.
Community Bancorp (NASDAQ:CMBC)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Community Bancorp Charts.