ACCESSWIRE
25 May 2023, 02:05 GMT+10
DERBY, VT / ACCESSWIRE / May 24, 2023 / Community Bancorp. held its 2023 Annual Shareholders meeting through a virtual platform on Tuesday, May 16, 2023. The webcast replay can be accessed through the company's website communitybancorpvt.com, and will be available until May 16, 2024.
A quorum of shareholders cast ballots and voted affirmatively on two proposals: re-electing Thomas E. Adams, Jacques R. Couture, Emma L. Marvin and James G. Wheeler, Jr. to three-year terms expiring in 2026, and ratifying BerryDunn as the Company's external auditors for 2023.
During the business portion of the meeting, President and CEO Kathy Austin shared that the bank passed the $1.0 billion threshold in 2021, initially reflecting pandemic relief programs, and more recently reflecting solid organic growth in the bank's loan portfolio and deposit base. The bank reported $1.03 billion in consolidated assets as of March 31, 2023, up 2% year-over-year.
Executive Vice President and Chief Lending Officer Christopher Caldwell discussed continued lending growth and success stories created by the relationships CNB's experienced lending team has built with customers. He noted that CNB lenders bring deep knowledge of their markets and flexible, responsive and creative approaches to seize opportunities.
Executive Vice President and Chief Operating & Innovation Officer Leslie Delhaie covered three areas of strategic transformation initiatives for the bank, including enhancing the customer experience, driving efficiencies and improving customer retention.
Executive Vice President and Chief Financial Officer Louise Bonvechio provided a deeper review of the bank's strong recent financial results, including overall trends and metrics.
CEO Austin concluded the meeting by commenting, 'First quarter 2023 results demonstrate the bank is performing well, and we remain well-positioned to sustain profitable growth while serving our communities. We appreciate the privilege it is to be the current stewards of this company and bank.'
For more information about Community National Bank visit communitynationalbank.com.
To learn more about Community Bancorp. visit communitybancorpvt.com.
For more information, contact:
Investor Relations
[email protected]
SOURCE: Community Bancorp. Inc Vermont
Get a daily dose of The US News news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to The US News.
More InformationLOUISVILLE, Kentucky: Two horses that succumbed to their injuries at Churchill Downs have become the 11th and 12th fatalities over ...
FREMONT, California: Brain implant company Neuralink announced that it has received approval from US regulators to begin human brain implant ...
JEFFERSONVILLE, Indiana: Randy Lankford, owner of Lankford Funeral Home and Family Center in Jeffersonville, Indiana, has pleaded guilty to more ...
DENVER, COLORADO: A federal judge has ruled that a rural Colorado school district can ban a high school student from ...
ZURICH, Switzerland: In one of the largest legal awards ever against Credit Suisse, the bank was ordered to pay $926 ...
DETROIT, Michigan: Amid broader global concerns over semiconductor chip supplies, sanctions and national security, Chinese commerce minister Wang Wentao said ...
NEW YORK, New York - U.S. and global stocks tumbled Wednesday as lawmakers continued to navigate their way through Congress ...
PORTLAND, Maine: Fishermen in the US's only commercial-scale fishing industry for valuable baby eels, called elvers, have recorded a productive ...
LAS VEGAS, Nevada: A bill was introduced in the Nevada Legislature to provide the Oakland Athletics up to $380 million ...
WASHINGTON D.C.: Due to one of the tightest labor markets in decades, teenagers, who have been vital for filling summer ...
NEW YORK, New York - Republicans were in uproar Tuesday over the deal hammered out by President Joe Biden and ...
DETROIT, Michigan: After Ford Motor Co announced an agreement with Tesla to allow autos to be charged using the Tesla ...