Community Bancorp Inc. Ranks Tenth in Nation in U.S. Banker Annual Performance Ranking.ESCONDIDO, Calif. -- Community Bancorp Inc. (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 ("Community"), announced today that the Company ranked tenth in the nation out of the top 200 publicly traded community banks and thrifts with assets up to $1 billion in the July 2005 issue of U.S. Banker Magazine's Annual Performance Ranking. The banks and thrifts were ranked based upon a three-year average return on equity ("ROE"), and Community's ROE of 18.7 percent placed it tenth on the list. The ranking, compiled using data from Keefe, Bruyette & Woods for the three year period ending December 31, 2004, includes banks and thrifts traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. , American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. and Nasdaq. The Company also ranked highly in other key performance metrics Performance metrics are measures of an organizations activities and performance. Performance metrics should support a range of stakeholder needs from customers, shareholders to employees [1]. , placing fifth with a three-year median earnings per share growth rate of 69.0% and fourth in three-year price performance with a stock appreciation of 356.5%. "We are proud of the high ranking See Google bomb. among our peers and the investor returns we have achieved over the last three years," stated Michael J. Perdue Perdue may refer to:
U. S. Banker, a monthly magazine published by SourceMedia, is a leading banking business management magazine providing industry coverage for over 112 years. Keefe, Bruyette & Woods is an investment banking firm specializing in the financial institution industry. Community Bancorp Inc. is a bank holding company with $708.3 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 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 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, with additional SBA loan production offices in California that originate loans in California, Arizona, Nevada and Oregon. www.comnb.com 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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