Community Bancorp Inc. Hires Ken Carteron as Senior Vice President/Homeowners Association Division Manager
14 Septembre 2005 - 11:54PM
Business Wire
Community Bancorp Inc. (NASDAQ:CMBC), parent company of Community
National Bank ("Community"), announced today that Ken Carteron has
joined Community as Senior Vice President/Homeowners Association
(HOA) Division Manager. Carteron, a 24-year banking veteran, will
be responsible for developing HOA banking relationships and
managing the deposit and lending activities of the HOA Division.
During his extensive career, Carteron has managed the HOA divisions
of 1st Centennial Bank, Scripps Bank and the Bank of Commerce. "Ken
has a proven track record in developing and managing the highly
specialized and desirable HOA market," stated Michael J. Perdue,
President and CEO. "We're thrilled to have someone with Ken's
knowledge and expertise to oversee the continued growth of our HOA
business," Perdue added. Active in the HOA arena, Carteron
currently serves as a Board Member of the Community Associations
Institute and is an Affiliate Member of the California Association
of Community Managers, two trade associations serving the
homeowners association market. Carteron is also on the Board of
Directors of The Association for Work Process Improvement (TAWPI),
a national association for the improvement of payment processing
systems. Community Bancorp is a bank holding company with $895
million in assets, including the assets of Rancho Bernardo
Community Bank, as of June 30, 2005, with a wholly owned banking
subsidiary, Community National Bank, headquartered in Escondido,
California. The bank's primary focus is community banking,
providing commercial banking services including commercial, real
estate and SBA loans to small and medium sized businesses. The bank
(including the branch acquired through the Rancho Bernardo
acquisition) serves San Diego County and southwest Riverside County
with eleven community banking offices in Bonsall, El Cajon,
Encinitas, Escondido, Fallbrook, La Mesa, Murrieta, Rancho
Bernardo, Santee, Temecula, and Vista, and has additional SBA loan
production offices that originate loans in California, Arizona,
Nevada and Oregon. 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. Specific factors include, but are not
limited to, loan production, balance sheet management, expanded net
interest margin, the ability to control costs and expenses,
interest rate changes and financial policies of the United States
government (including the Small Business Administration), and
general economic conditions. Additional information on these and
other factors that could affect financial results are included in
its Securities and Exchange Commission filings. The Company
disclaims any obligation to update any such factors or to publicly
announce the results of any revisions to any forward-looking
statements contained herein to reflect future events or
developments.
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