Community Bancorp Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2015
January 27, 2016 at 09:13 pm IST
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Community Bancorp reported earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, the company reported earnings of $1,198,255 or $0.24 per share compared to $1,391,768 or $0.28 per share for the fourth quarter of 2014.
The company's earnings of $4,825,591 or $0.96 per share for the full year compares to $5,124,908 or $1.03 per share in 2014.
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.