Community Bancorp Inc. Announces 25% Increase in Quarterly Cash Dividend
February 23 2006 - 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 $0.125 (twelve and one half cents) per
share at its meeting held on February 22, 2006. This represents a
25% increase over the $0.10 paid in each of the quarters during the
year ended December 31, 2005. The first quarter dividend is payable
on March 31, 2006, to stockholders of record at the close of
business on March 15, 2006. On January 26, 2006, the Company
announced record earnings of $12.6 million for the year ended
December 31, 2005. ABOUT COMMUNITY BANCORP INC. Community Bancorp
is a bank holding company with $909 million in assets as of
December 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 eleven community banking
offices in Bonsall, El Cajon, Encinitas, Escondido, Fallbrook, La
Mesa, Murrieta, Rancho Bernardo, Santee, Temecula and Vista, a
commercial loan production office in Corona, CA, 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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