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 InformationNEW LONDON, Connecticut: Video footage taken deep in the Pacific Ocean provided the first detailed view of three World War ...
CUSTER STATE PARK, South Dakota: As part of an annual effort to maintain the health of the species, which has ...
TASHKENT, Uzbekistan: Uzbek authorities said a powerful explosion on September 28 at a warehouse near Tashkent's airport killed one person ...
TALLAHASSEE, Florida: The Florida Lottery said this week that the second-largest lottery winner in U.S. history has come forward to ...
LONDON, UK: This week, the Global Financial Centers index showed that New York remains the world's leading financial center, with ...
KAOHSIUNG, Taiwan: In a significant milestone for its defense capabilities, Taiwan has unveiled its first domestically developed submarine. Although it ...
CHICAGO, Illinois: On September 29, the union representing United Airlines' pilots said its members had ratified a new four-year contract, ...
SHANGHAI, China: Chinese officials report that 100 million people are traveling daily during the ongoing Golden Week holiday. Three times ...
STOCKHOLM, Sweden: Swedish lithium-ion battery producer Northvolt announced this week that it would build a $5.2 billion gigafactory in the ...
SACRAMENTO, California: Fast food workers will now receive $20 per hour in California, after the governor signed a fast food ...
BEIJING, China: In a deal worth US$10 billion at list prices this week, state-owned carrier China Eastern Airlines announced that ...
BEIJING, China: This week, China Evergrande Group said its founder and chairman, Hui Ka Yan, is being investigated over suspected ...