Community Bancorp Inc. Opens for Trading On the Nasdaq National Markets.FALLBROOK, Calif.--(BUSINESS WIRE)--June 28, 1999-- Community Bancorp Inc. (Nasdaq: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 of Fallbrook National Bank, opened for trading today on the Nasdaq national market. The company became the parent of Fallbrook National Bank, Fallbrook, Calif. on Friday Friday: see Sabbath; week. Friday young Indian rescued by Crusoe and kept as servant and companion. [Br. Lit.: Robinson Crusoe] See : Servant , June 25, 1999 as of the close of business. Fallbrook National Bank was formerly listed on the Nasdaq small cap market under the initials FBRK, and will now be listed under the initials CMBC on the Nasdaq national market. "The formation of the holding company gives us new momentum as we approach the second half of 1999 and the year 2000. The company is currently examining strategic initiatives for improved profitability through the use of the holding company structure. Our goal is to enhance the community banking experience by broadening our scope of customer services even further. Additional sources of capital will also allow us to expand our primary operation, Fallbrook National Bank," stated Tom Swanson, president and chief executive officer of the company. Shareholders of Fallbrook National Bank will receive a letter of transmittal Letter of Transmittal A document used by security holder to accompany certificates surrendered in an exchange or other corporate action. instructing them how to exchange their shares for Community Bancorp Inc. shares. Shareholders are requested not to bring their certificates into the bank. Each share of Fallbrook National Bank stock will be exchanged for one share of Community Bancorp Inc. Shareholders may continue to trade shares of Fallbrook National Bank as if they were shares of Community Bancorp Inc. until the shares have been exchanged. Community Bancorp Inc., parent of Fallbrook National Bank, is a $144 million bank holding company serving the North 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. and Inland Empire In·land Empire A region of the northwest United States between the Cascade Range and the Rocky Mountains, comprising eastern Washington, eastern Oregon, northern Idaho, and western Montana. Farming, lumbering, and mining are important to the area. communities with branch offices in Fallbrook, Temecula and Vista, and loan production offices in the cities of Ontario, Orange, Vista, Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. and Sacramento. Fallbrook National Bank's Web site is www.fallbrooknationalbank.com. Statements concerning future performance, developments or events concerning expectation for growth and market forecasts, and any other guidance on future periods, constitute forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. which are subject to a number of risks and uncertainties which might cause actual results to differ materially from stated expectations. |
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