Community Bancorp Inc. Ranks Tenth in Nation in U.S. Banker Annual Performance Ranking
July 13 2005 - 6:59PM
Business Wire
Community Bancorp Inc. (NASDAQ:CMBC), parent company of Community
National Bank ("Community"), announced today that the Company
ranked tenth in the nation out of the top 200 publicly traded
community banks and thrifts with assets up to $1 billion in the
July 2005 issue of U.S. Banker Magazine's Annual Performance
Ranking. The banks and thrifts were ranked based upon a three-year
average return on equity ("ROE"), and Community's ROE of 18.7
percent placed it tenth on the list. The ranking, compiled using
data from Keefe, Bruyette & Woods for the three year period
ending December 31, 2004, includes banks and thrifts traded on the
New York Stock Exchange, American Stock Exchange and Nasdaq. The
Company also ranked highly in other key performance metrics,
placing fifth with a three-year median earnings per share growth
rate of 69.0% and fourth in three-year price performance with a
stock appreciation of 356.5%. "We are proud of the high ranking
among our peers and the investor returns we have achieved over the
last three years," stated Michael J. Perdue, President and CEO. U.
S. Banker, a monthly magazine published by SourceMedia, is a
leading banking business management magazine providing industry
coverage for over 112 years. Keefe, Bruyette & Woods is an
investment banking firm specializing in the financial institution
industry. 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 in
California that originate loans in California, Arizona, Nevada and
Oregon. www.comnb.com 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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