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Community National Bank Opens Banking Office in Bonsall.


Business Editors, Banking Writers

FALLBROOK, Calif.--(BUSINESS WIRE)--Dec. 20, 2001

Community National Bank announced today the opening of its newest retail banking office in the River Village Shopping Center shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into  in Bonsall, California Bonsall is a census-designated place (CDP) in San Diego County, California, United States. The population was 3,401 at the 2000 census. Geography
Bonsall is located at  (33.279630, -117.193489)GR1.
. Community National Bank is a wholly owned subsidiary Wholly Owned Subsidiary

A subsidiary whose parent company owns 100% of its common stock.

Notes:
In other words, the parent company owns the company outright and there are no minority owners.
 of 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) 
), headquartered between 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 San Diego in Fallbrook.

"Our growth strategy along the Highway 15 corridor is successfully moving forward," stated Tom Swanson, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "In March, we opened a branch in Escondido, which will move into a new, state-of-the-art facility in the next few months. The Bonsall branch, our fifth, serves a community that has been without its own bank for a number of years, and adds another location for our customers in South Fallbrook."

Angelique Bausch, with 16 years experience in the banking industry, will serve as Branch Manager of the Bonsall office. "Our newest branch has a large vault with safe deposit boxes, an ATM and an experienced staff. Our existing customers in the area will appreciate the convenience of a new branch, and it should also be an excellent way to attract new retail deposits and loans," she added.

Bonsall's River Village Shopping Center is located at 5256 South Mission Road, at the intersection of S13 and Highway 76. The new branch and administration center in Escondido will be located at the corner of Canterbury Place and Ninth Street, East of Highway 15.

Community National Bank, a subsidiary of Community Bancorp, is a $345 million financial institution headquartered in Fallbrook, California. Located between Los Angeles and San Diego, the bank's primary focus is community banking and commercial lending, with additional lending niches of 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
 and aircraft lending. A Preferred Lender, Community National Bank is the 7th largest SBA lender in California. The bank serves North San Diego and the Inland Empire communities with retail banking offices in Fallbrook, Temecula, Bonsall, Escondido and Vista. The bank has loan production offices in Fallbrook, Escondido, Los Angeles, Ontario, Orange, Sacramento, Temecula, Vista and in the East San Francisco Bay Area “Bay Area” redirects here. For other uses, see Bay Area (disambiguation).

The San Francisco Bay Area, colloquially known as the Bay Area or The Bay
.

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, specifically regarding the bank's ability to grow financially and geographically and to attract deposits and loans. Additional information on these and other factors that could affect financial results are included in its Securities and Exchange Commission filings.
COPYRIGHT 2001 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Dec 20, 2001
Words:421
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