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Community Bancorp Inc. Adds Two Members to Its Board Of Directors.


ESCONDIDO, Calif. -- Community Bancorp, Inc. ("Community") (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
:CMBC CMBC Coast Mountain Bus Company (Surrey, BC, Canada)
CMBC Canadian Mennonite Bible College
CMBC Camp Memorial Blood Center (US Army)
CMBC Castle Morpeth Bridge Club (UK) 
), parent company of Community National Bank, today announced that Thomas A. Page and M. Faye Wilson have been appointed to the Board of Directors of both Community Bancorp Inc. and Community National Bank effective October 1, 2004.

Mr. Page and Ms. Wilson formerly served as Chairman of the Board and Board Member, respectively, of Cuyamaca Bank, N.A. which Community acquired on October 1, 2004.

Gary W. Deems, Chairman of Community, stated, "Both Tom and Faye bring a remarkable depth of knowledge, insight and continuity of experience to our Board and we are certain they will make significant contributions to the success of the combined institution."

Thomas A. Page is the former chairman of the board of Enova Corporation and San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay.  Gas & Electric Company (SDG&E). Prior to the holding company formulation in 1996, Page was SDG&E's Chairman, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . Page earned his Bachelor of Science Noun 1. Bachelor of Science - a bachelor's degree in science
BS, SB

bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies
 Degree in Civil Engineering and his Master of Industrial Administration from Purdue University Purdue University (pərdy`, -d`), main campus at West Lafayette, Ind. , where he was awarded an honorary doctorate in management in 1994. He currently serves as a member of Purdue's Krannert Graduate School of Management Dean's Advisory Council. In addition, he serves as an elected member of the Grossmont Union High School District The Grossmont Union High School District (GUHSD) is a public school district located in eastern San Diego County, California, and serves high school, adult school, and Regional Occupational Program (ROP) students in the cities of El Cajon, La Mesa, Lemon Grove, and Santee; and the  Board of Education and a director of the San Diego Regional Economic Development Corporation. Page is a director of American Innotek, SYS Technologies SYS Technologies (AMEX:SYS), also known simply as SYS, provides information technology products and services and wireless communications systems for the Department of Defense, Department of Homeland Security and various industrial customers. , Multicell Technology, and is an advisory director of Sorrento Ventures, a San Diego venture capital firm.

M. Faye Wilson is currently a principal of Wilson Boyles and Company, a business management and strategic planning consulting firm. She has served as a director of the corporate board of Los Angeles-based Farmers Insurance Group and as a director and senior officer of Atlanta-based Home Depot. Prior to her retirement from Bank of America
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Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world.
, Ms. Wilson served in several senior management roles there including Chairman of Security Pacific Financial Services and Executive Vice President and Chief Credit Officer for Bank of America's National Consumer Banking Group. Ms. Wilson earned her Masters Degrees in International Relations and Business Administration from the University of Southern California The U.S. News & World Report ranked USC 27th among all universities in the United States in its 2008 ranking of "America's Best Colleges", also designating it as one of the "most selective universities" for admitting 8,634 of the almost 34,000 who applied for freshman admission  and an undergraduate degree from Duke University. She currently is a trustee on the board of the Neurosciences Institute in San Diego, the Efficacy Institute in Boston, and a director for the Atlanta Symphony. She also serves as Vice President of Finance on the Board of the San Diego Opera The San Diego Opera (SDO) is an opera company located in the city of San Diego, California. It was founded in 1950 to present productions by San Francisco Opera in the San Diego area. SDO began to stage its own productions in 1965, with its first staging of La bohème. .

Community Bancorp is a bank holding company with $532 million in assets as of June 30, 2004, 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 SBA
abbr.
Small Business Administration

Noun 1. SBA - an independent agency of the United States government that protects the interests of small businesses and ensures that they receive a fair share of government
 loans to small and medium sized businesses. The bank serves northern San Diego County and southwest Riverside County with retail banking offices in Bonsall, Escondido, Fallbrook, Murrieta, Temecula and Vista, and has additional SBA loan production offices that originate loans in California, Arizona, Nevada and Oregon. The Company recently acquired Cuyamaca Bank, which operates banking offices in the east San Diego County cities of Santee, El Cajon and La Mesa and in the north San Diego County city of Encinitas. At June 30, 2004, Cuyamaca had $117 million in total assets. The combined institution will have $650 million in total assets based on June 30, 2004 data, and 10 full service branches in San Diego and Riverside counties.

This News Release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act. Statements concerning the expected prospects for the effective date of the transaction, the accretive nature of the transaction, future developments or events, and any other guidance on future periods, constitute forward-looking statements which are subject to a number of risks and uncertainties which might cause actual results to differ materially from stated expectations. These factors include, but are not limited to, regulatory reviews and approvals, competition in the financial services markets for deposits, loans, and other financial services, retention of business, the ability to realize various cost saving measures, and general economic conditions. The forward-looking statements should be considered in the context of these and other risk factors disclosed in Community Bancorp Inc.'s filings with the SEC. The Company undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of an unanticipated event.
COPYRIGHT 2004 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Oct 8, 2004
Words:737
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