Community Bancorp. Reports Earnings for the Fourth Quarter and Year Ended December 31, 2016
January 19, 2017 at 08:59 pm
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Community Bancorp. reported earnings for the fourth quarter and year ended December 31, 2016. For the quarter, earnings were $1,503,685 or $0.29 per share compared to $1,198,255 or $0.24 per share for the fourth quarter of 2015.
For the year, earnings were $5,484,278 or $1.07 per share for the full year compares to $4,825,591 or $0.96 per share in 2015. Return on Average Assets was 0.91% compared to 0.82% for 2015.
Community Bancorp. is a bank holding company for Community National Bank (the Bank). Through the Bank, it provides a range of loan and deposit services to individuals, businesses, nonprofit organizations and municipalities in its northern and central Vermont markets. Its services include business banking, commercial real estate lending, residential real estate lending, retail credit, municipal and institutional banking and retail banking. It offers a range of credit products for a variety of general business purposes, including financing for commercial business properties, equipment, inventories and accounts receivable, and standby letters of credit. It provides a range of products to meet the financing needs of commercial developers and investors, residential builders and developers and community development entities. It also provides a full range of consumer banking services, including checking accounts, night deposit facilities and online, mobile, telephone banking and others.
COMMUNITY BANCORP 
