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Community Bancorp announces dividend increase

The board of directors of Community Bancorp Inc. (the “Company”) (NASDAQ: CMBC) today announced an increase in the company’s common stock cash dividend for the first quarter 2005 to $0.10 per share, up 100% from the $0.05 per share previously paid. The increased dividend will be payable on March 31 to stockholders of record on March 15. On January 27, 2004, the company announced record earnings of $8.4 million for the year ended December 31, 2004. “We were extremely pleased with the results for 2004,” stated GaryW. Deems, Chairman of the Board of Community Bancorp Inc. “We want to continue to reward our shareholders for the confidence they have placed in our board and management.”

 

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