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Community Bancorp Inc. Announces Quarterly Cash Dividend.


ESCONDIDO Escondido (ĕskəndē`dō), city (1990 pop. 108,635), San Diego co., S Calif.; inc. 1888. Located in a grain-, citrus-fruit-, and grape-growing valley, Escondido produces cereal products and has fruit-packing houses and one of the world's largest avocado processing plants., Calif. -- The board of directors of Community Bancorp Inc. (the "Company") (NASDAQ:CMBC CMBC - Camp Memorial Blood Center (US Army)
CMBC - Canadian Mennonite Bible College
), parent company of Community National Bank, declared a quarterly cash dividend of $0.10 (ten cents) per share at its meeting held on May 25, 2005. The second quarter dividend is payable on June 30, 2005, to stockholders of record at the close of business on June 15, 2005.

On April 21, 2005, the Company announced record earnings of $2.5 million for the quarter ended March 31, 2005.

GENERAL INFORMATION

Community Bancorp is a bank holding company with $708 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, and has additional SBA loan production offices that originate loans in California, Arizona, Nevada and Oregon.

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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Publication:Business Wire
Geographic Code:1USA
Date:May 27, 2005
Words:324
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