Community National Bank Named SBA Preferred Lender; Gains Authority to Originate and Approve SBA Loans Nationwide and to Participate in SBAExpress Program.

GREAT NECK, N.Y. -- Community National Bank (stock symbol CBNY, OTCBB) has been delegated by the United States Small Business Administration to participate in both its Preferred Lenders and SBAExpress programs, it was announced by Stuart H. Lubow, Community National Bank President and Chief Executive Officer.

According to Mr. Lubow, this prestigious designation will allow Community National Bank to approve loans in-house, making financial assistance to the small business community even more accessible. As an SBA Preferred Lender, this distinction also allows CNB to lend nationwide.

The SBAExpress program allows member banks to streamline the lending process by reducing documentation requirements and providing quick approval. Under this program, Community National Bank utilizes its own documentation to approve and service loan requests up to $350,000.

Created to fill the void in community banking caused by larger regional bank networks in the neighborhoods of Long Island, Community National Bank offers cutting edge services tailored to meet the financial needs of small and medium size businesses, professionals, and individual consumers.

For more information on SBA loans, contact Michael Ogus, Community National Bank Vice President/Small Business Lending at 516-498-9111, ext. 116, or at [e-mail].

Community National Bank is a Long Island-based independent commercial bank offering a full range of modern financial services, backed by state-of-the-art technology. In addition to residential mortgages, home equity lines of credit, commercial mortgages and business loans and lines of credit, the bank provides a complete selection of traditional personal and commercial banking products such as no-fee individual and business checking accounts, IRA accounts, and statement and passbook savings. Other features include extended lobby hours weekdays plus both Saturday and Sunday hours, 24-hour ATM service, free internet banking, and much more. As a Small Business Administration (SBA) preferred lender, CNB is also able to offer special loan and financial management programs designed to help small and medium size business succeed. Community National Bank is a member of the FDIC and is an Equal Housing/Equal Opportunity Lender.