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COMMUNITY BANCORP, INC. REPORTS YEAR-END RESULTS

 COMMUNITY BANCORP, INC. REPORTS YEAR-END RESULTS
 MONROEVILLE, Pa., Dec. 9 /PRNewswire/ -- Community Bancorp, Inc.


(NASDAQ-NMS: CBPA) announced today that it had net income of $1,724,323 or $1.14 per share for the year ended Sept. 30, 1991, compared to $1,023,809 or $.68 per share for the year ended Sept. 30, 1990.
 Kenneth J. Tyson, president of Community Bancorp, Inc., stated that the $700,514 or 68.4-percent increase in net income was primarily due to a $1.5 million increase in net interest income after provision for loan losses, and a $274,878 decrease in other expenses. These increases were partially offset by an $804,155 increase in income tax expense and a $226,275 decrease in other income.
 Tyson further stated that the increase in net interest income after provision for loan losses was primarily due to a $3.9 million or 24.3-percent increase in net interest-earning assets for the year ended
Sept. 30, 1991, as compared to the year ended Sept. 30, 1990. Also, the average interest rate spread increased from 2.24 percent for fiscal 1990 to 2.41 percent for fiscal 1991.
 The association operates through 12 offices in the greater Pittsburgh metropolitan area and at Sept. 30, 1991, the association's capital exceeded all three capital requirements.
 COMMUNITY BANCORP, INC.
 SELECTED FINANCIAL DATA AS OF AND FOR THE FISCAL YEAR
 ENDED SEPT. 30, 1991, AND 1990
 (in thousands, except per-share data)
 Fiscal Year Ended September
 1991 1990
 Interest income 33,022 29,852
 Interest expense 23,341 21,834
 Net interest income before
 provision for loan losses 9,681 8,018
 Provision for loan losses,
 net of recoveries 857 650
 Gain on sale of investments 375 520
 Other income 1,310 1,391
 Other expenses 7,148 7,423
 Income before income taxes 3,360 1,856
 Provision for income taxes 1,636 832
 Net income 1,724 1,024
 Earnings per common share $1.14 $0.68
 Dividends per share $0.20 $0.20
 Total assets 366,165 321,245
 Loans receivable (net) 250,602 210,707
 Deposits 301,150 262,999
 Stockholders' equity 23,253 21,701
 Stockholders' equity per share 15.55 14.52
 -0- 12/9/91
 /CONTACT: John A. Howard Jr. of Community Bancorp, Inc., 412-242-6011/
 (CBPA) CO: Community Bancorp, Inc. ST: Pennsylvania IN: FIN SU: ERN


SM-KK -- PG011 -- 0532 12/09/91 12:02 EST
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Date:Dec 9, 1991
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