Community National Bank Opens Twelfth Office in Corona
May 01 2006 - 4:50PM
Business Wire
Community Bancorp Inc. (the "Company") (NASDAQ:CMBC), parent
company of Community National Bank ("Community"), announced today
that it has opened its twelfth branch office in the fast growing
community of Corona, located in western Riverside County. The new
branch is located at 1101 California Avenue, Suite 101, just
minutes from the I-15 at Magnolia Avenue. The office is being
managed by David K. Pilliod, Senior Vice President/Commercial
Banking Manager. A twenty-seven year banking veteran with extensive
experience in bank management and commercial lending, Pilliod will
be responsible for developing the Corona office deposit and loan
portfolios. A graduate of Kent State University and a Vietnam
veteran, Pilliod was awarded a Bronze Star, two Purple Hearts and
an Army Commendation Medal for his military service. "Dave has a
proven track record in developing and managing a commercial bank,"
stated Michael J. Perdue, President and CEO. "We're confident that
he will be able to support the growth and development of the Corona
business community with first class service and customized banking
solutions," Perdue added. Visitors to the new branch may enter a
drawing to win a weekend getaway for two at South Coast Winery in
Temecula valued at $585. Community Bancorp is a bank holding
company with $888.4 million in assets as of March 31, 2006, 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 twelve community banking offices in Bonsall,
Corona, 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. -0- *T www.mycnbonline.com
*T 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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