Community Bank of Arizona and Colliers International Announce $1.15 Million Land Purchase for Future Mesa Full-Service Bank Branch.

PHOENIX -- Community Bank of Arizona (CBA), a wholly owned subsidiary of Community Bancorp (NASDAQ: CBON), and Colliers International-Greater Phoenix, a global real estate services company, today announced the purchase of 34,279 square feet of land for $1.15 million at 1944 S. Greenfield in Mesa. The property is the site of a future 4,937 square-foot full-service CBA branch facility. Based in Phoenix, CBA specializes in commercial real estate, construction, commercial and SBA loans ranging from $50,000 to $30 million.

Located at the northwest corner of Baseline and Greenfield Roads, just south of the U.S. 60, the new branch will be located in a regional power center composed of businesses, retail and restaurants. "We selected this land parcel specifically for its prime location and easy freeway access," says Ed Jamison, CBA's president, chief executive officer and chairman of the board, and chairman of the board of Community Bancorp. "This land acquisition supports our growth strategy of expanding across the Valley."

"The Mesa/Gilbert trade area was selected for Community Bank's expansion in the Valley because it is well situated to provide banking services to the bank's existing East Mesa client base and to the surrounding office corridor," says Stephanie Davis, vice president of retail properties for Colliers International, who represented CBA in the transaction.

Targeting a grand opening in third quarter of 2008, the upcoming Mesa branch will be a freestanding building with a drive-through. The new branch will provide commercial banking services and SBA loans for small- and medium-sized businesses in the Valley. An experienced team will offer customized personal service backed by a comprehensive array of financial products and resources that only a larger organization with substantial assets can provide.

This announcement follows on the heels of new branches in Central Phoenix and Fountain Hills, and will be the fourth Community Bank of Arizona branch in Arizona.

About Community Bancorp

Community Bancorp is a bank holding company headquartered in Las Vegas, Nevada, with two operating bank subsidiaries: 1) Community Bank of Nevada, and 2) Community Bank of Arizona. Community Bank of Nevada is a Nevada state chartered bank providing a full range of commercial and consumer bank products through thirteen branches located in the greater Las Vegas area and one loan production office in Arizona. Community Bank of Arizona (formerly Cactus Commerce Bank), acquired in September 2006, is an Arizona state chartered bank, which operates through three full-service branches in the greater Phoenix area. The banks provide commercial banking services, including real estate, construction and commercial loans and SBA loans, to small- and medium-sized businesses. For more information about Community Bancorp, visit our website at www.communitybanknv.com.

Member FDIC, Equal Housing Lender, SBA Preferred Lender

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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, the recent fluctuation in the U.S. markets resulting, in part, from problems relating to sub prime lending, loan production, balance sheet management, the economic condition of the Las Vegas, Nevada and Phoenix, Arizona markets, net interest margin, loan quality, the ability to control costs and expenses, interest rate changes and financial policies of the United States government, and general economic conditions. Additional information on these and other factors that could affect financial results are included in our Securities and Exchange Commission filings.

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About Colliers International

Colliers Macaulay Nicolls Inc. (CMN), operating as Colliers International, is a leading global real estate services company that provides a full range of services to real estate users, owners and investors worldwide. Colliers operates in 267 offices in 57 countries. Colliers International-Greater Phoenix has offices in Phoenix and Scottsdale, providing landlord services, corporate solutions, and development services to clients locally and globally for over 25 years. Colliers International is a worldwide affiliation of independently owned and operated companies. Find out more at www.colliers.com/phoenix.