Community Bancorp Reports Earnings for the Fourth Quarter and Year Ended December 31, 2017
January 26, 2018 at 12:59 pm
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Community Bancorp reported earnings for the fourth quarter and year ended December 31, 2017. For the quarter, the company reported earnings of $1,524,619 or $0.29 per share compared to $1,503,685 or $0.29 per share for the fourth quarter of 2016.
The company’s earnings of $6,231,298 or $1.21 per share for the full year compares to $5,484,278 or $1.07 per share in 2016. Capital grew to $57,935,854 with a book value of $10.84 per share on December 31, 2017 compared to $54,451,517 with a book value of $10.27 per share on December 31, 2016.
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 
