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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