Community Bank


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Community Bank

An independent, locally-owned commercial bank. It operates exclusively in and derives its funds from the community in which it is based. It is sometimes easier to obtain a loan from a community bank because it may have better knowledge of the local market. It is also known as an independent bank.
References in periodicals archive ?
Further, because there is no quoted market price for deposits and core repurchase agreements of a community bank, how does the FASB define other financial instruments with similar characteristics?
Cactus Commerce Bank, a wholly-owned subsidiary of Community Bancorp (NASDAQ: CBON), has announced that it has changed its name to Community Bank of Arizona.
The Conejo Valley's newest community bank will fill the main floor of the Firefighter's Foundation Building on Hillcrest Drive in Thousand Oaks, left vacant nearly three years ago when the last of several different bank branches closed following a series of bank mergers.
CBNA), a DeWitt-based bank with nearly $876 million in assets, whose Northern Region headquarters is based in Canton, New York, and The First National Bank of Hermon, New York have signed an agreement, subject to regulatory and shareholder approval, for Community Bank to acquire the Hermon Bank.
In fact, Piedmont Community Bank has been awarded the highest rating of 5-Stars by BAUERFINANCIAL, Inc.
The branch, which is located at 2523 West Main Street in Cato, will continue to operate under the Community Bank name.
ATLANTA -- Compliance 360, a provider of governance, risk and compliance (GRC) management software, is pleased to announce Community Bank of Nevada has chosen Compliance 360's policy and contracts solutions to streamline and automate their compliance management enterprise-wide.
According to IBAA statistics, the average community bank has $42 million in assets and about 20 full-time employees.
Doyle, President and Chief Executive Officer of Central Valley Community Bank (Bank), the sole subsidiary of Central Valley Community Bancorp (Company) (NASDAQ:CVCY), is pleased to announce 2007 plans to continue 2006 facility growth with the opening of two newly constructed branches in Clovis and Kerman that will take the place of smaller existing offices, the opening of a new loan production office in Modesto, and the remodel of the Bank's Clovis Main office.
After an intensive search of many well-qualified candidates," said Stalder, "the Board of Directors is confident that the selection of Sanford Belden will provide the quality of leadership needed to maintain Community Bank, N.
First Community Bank expects to soon transfer customers of Stone Capital Management, Inc.
LAS VEGAS -- Community Bank of Nevada announces that Senior Vice President/Community Reinvestment Officer Nicole Smith was awarded the distinguished "Nevada Foundation Award" on October 20th at the Nevada Fair Housing Center, Inc.

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