View Future GrowthCommunity Bancorp 過去の業績過去 基準チェック /56Community Bancorpは、平均年間5.2%の収益成長を遂げていますが、 Banks業界の収益は、年間 成長しています。収益は、平均年間2.8% 5.3%収益成長率で 成長しています。 Community Bancorpの自己資本利益率は15.2%であり、純利益率は36.1%です。主要情報5.17%収益成長率3.93%EPS成長率Banks 業界の成長11.18%収益成長率5.27%株主資本利益率15.24%ネット・マージン36.14%前回の決算情報31 Mar 2026最近の業績更新Reported Earnings • Apr 21First quarter 2026 earnings released: EPS: US$0.78 (vs US$0.62 in 1Q 2025)First quarter 2026 results: EPS: US$0.78 (up from US$0.62 in 1Q 2025). Revenue: US$12.3m (up 15% from 1Q 2025). Net income: US$4.37m (up 25% from 1Q 2025). Profit margin: 36% (up from 33% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth.すべての更新を表示Recent updatesReported Earnings • Apr 21First quarter 2026 earnings released: EPS: US$0.78 (vs US$0.62 in 1Q 2025)First quarter 2026 results: EPS: US$0.78 (up from US$0.62 in 1Q 2025). Revenue: US$12.3m (up 15% from 1Q 2025). Net income: US$4.37m (up 25% from 1Q 2025). Profit margin: 36% (up from 33% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Apr 20Investor sentiment improves as stock rises 16%After last week's 16% share price gain to US$38.18, the stock trades at a trailing P/E ratio of 12.6x. Average trailing P/E is 12x in the Banks industry in the US. Total returns to shareholders of 138% over the past three years.Declared Dividend • Apr 20Fourth quarter dividend of US$0.25 announcedShareholders will receive a dividend of US$0.25. Ex-date: 24th April 2026 Payment date: 1st May 2026 Dividend yield will be 2.7%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 4.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 8.3% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • Apr 10Community Bancorp, Annual General Meeting, May 19, 2026Community Bancorp, Annual General Meeting, May 19, 2026. Location: the east side restaurant, 47 landing street, newport, 05855, vermont United StatesValuation Update With 7 Day Price Move • Mar 26Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to US$32.09, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 11x in the Banks industry in the US. Total returns to shareholders of 92% over the past three years.Buy Or Sell Opportunity • Mar 23Now 20% undervaluedOver the last 90 days, the stock has risen 69% to US$42.00. The fair value is estimated to be US$52.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.9% over the last 3 years, while earnings per share has been flat.New Risk • Mar 17New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$714k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. This is currently the only risk that has been identified for the company.Valuation Update With 7 Day Price Move • Mar 11Investor sentiment improves as stock rises 24%After last week's 24% share price gain to US$37.37, the stock trades at a trailing P/E ratio of 12.3x. Average trailing P/E is 11x in the Banks industry in the US. Total returns to shareholders of 130% over the past three years.Recent Insider Transactions • Feb 17Independent Director recently bought US$101k worth of stockOn the 13th of February, Emma Marvin bought around 3k shares on-market at roughly US$32.50 per share. This transaction amounted to 47% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth US$126k. Insiders have collectively bought US$607k more in shares than they have sold in the last 12 months.Recent Insider Transactions • Feb 03Insider recently bought US$62k worth of stockOn the 2nd of February, Wayne Lamberton bought around 2k shares on-market at roughly US$31.19 per share. This transaction amounted to 30% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$391k more in shares than they have sold in the last 12 months.お知らせ • Sep 19Community Bancorp announces Quarterly dividend, payable on November 01, 2025Community Bancorp announced Quarterly dividend of USD 0.2500 per share payable on November 01, 2025, ex-date on October 15, 2025 and record date on October 15, 2025.お知らせ • Apr 11Community Bancorp, Annual General Meeting, May 20, 2025Community Bancorp, Annual General Meeting, May 20, 2025. Location: east side restaurnt, 17 landing street, vermont 05855, newport United Statesお知らせ • Apr 09Community Bancorp Announces Retirement of Fredric Oeschger as Director on Annual Meeting to Be Held on May 20, 2025Community Bancorp announced that after 16 years of dedicated service on Board, Director Fredric Oeschger, whose term expires at the Annual Meeting to be held on May 20, 2025, will retire from the Board.お知らせ • Apr 04Community Bancorp, Annual General Meeting, May 14, 2024Community Bancorp, Annual General Meeting, May 14, 2024, at 14:00 US Eastern Standard Time. Location: The East Side Restaurant, Newport Vermont United States Agenda: To consider Election of five directors to a three-year term expiring in 2027; and to consider Ratification of BerryDunn as the Company’s external auditors for 2024.お知らせ • Dec 29Community Bancorp and Community National Bank Appoints Christopher L. Caldwell to its Board of DirectorsEffective January 1, 2024, Community Bancorp. (the Company) Vice President Christopher L. Caldwell, age 58, has been appointed to the Boards of Directors of the Company and its wholly owned subsidiary, Community National Bank (the Bank). Mr. Caldwell will join the class of directors whose term expires at the Company’s 2024 Annual Meeting of Shareholders; at which time he will stand for election to a three-year term. He will serve on the Company’s Corporate Governance and Risk Management committees. The appointments, effective on January 1, 2024, were approved on November 15, 2023, by unanimous votes of the Boards of Directors of the Company and the Bank. Since April 2021, Mr. Caldwell has served as Vice President of the Company and Executive Vice President and Chief Lending Officer at the Bank. From April 2020 to April 2021, Mr. Caldwell served as Senior Vice President, Head of Indiana Commercial/Business Banking for Northwest Bank in Indiana. From September 2005 to April 2020, he served as Senior Vice President Commercial and Business Banking for MutualBank (formerly known as Mutual Saving Bank), acquired by Northwest Bank in April 2020. Prior experience from 1996 to 2005 includes as a commercial banker for Star Financial Bank and Madison Community Bank, as well owner and consultant with TKC Business Success Group, all in Indiana.お知らせ • Dec 22Community Bancorp Declares Quarterly Cash Dividend, Payable on February 1, 2024On December 21, 2023, Community Bancorp. announced that its Board of Directors has declared a quarterly cashdividend of $0.23 per share payable February 1, 2024 to shareholders of record on January 15, 2024.お知らせ • Oct 24Community Bancorp Declares Cash Dividend, Payable November 1, 2023Community Bancorp declared a quarterly cash dividend of $0.23 per share payable November 1, 2023, to shareholders of record as of October 15, 2023.お知らせ • Sep 22Community Bancorp. Declares Quarterly Dividend, Payable on November 1, 2023Community Bancorp. announced that its Board of Directors has declared a quarterly cash dividend of $0.23 per share payable November 1, 2023 to shareholders of record on October 15, 2023.お知らせ • Dec 23Community Bancorp Declares Quarterly cash Dividend, Payable February 1, 2023On December 22, 2022, Community Bancorp. announced that its Board of Directors has declared a quarterly cash dividend of $0.23 per share payable February 1, 2023 to shareholders of record on January 15, 2023.お知らせ • Sep 09Community Bancorp. Declares Quarterly Cash Dividend, Payable on November 1, 2022On September 7, 2022, Community Bancorp. announced that its Board of Directors has declared a quarterly cash dividend of $0.23 per share payable November 1, 2022 to shareholders of record on October 15, 2022.お知らせ • Jun 17Community Bancorp Declares Quarterly Cash Dividend, Payable August 1, 2022Community Bancorp announced that its Board of Directors has declared a quarterly cash dividend of $0.23 per share payable August 1, 2022 to shareholders of record on July 15, 2022.お知らせ • Apr 06Community Bancorp, Annual General Meeting, May 17, 2022Community Bancorp, Annual General Meeting, May 17, 2022, at 14:00 US Eastern Standard Time. Agenda: To elect five directors to the class whose term will expire at the 2025 annual meeting of shareholders; to vote on an advisory (non-binding) resolution to approve the compensation of our executive officers; and to ratify the selection of the independent registered public accounting firm of BerryDunn as the company's external auditor for the fiscal year ending December 31, 2022.お知らせ • Mar 19Community Bancorp. Declares Quarterly Cash Dividend Payable on May 1, 2021On March 18, 2021, Community Bancorp. announced that its Board of Directors has declared a quarterly cash dividend of $0.22 per share payable May 1, 2021 to shareholders of record on April 15, 2021.お知らせ • Nov 25Community Bancorp and Community National Bank Announce Board Appointments, Effective January 1, 2021On November 18, 2020, the Boards of Directors of Community Bancorp. (the Company) and its wholly-owned subsidiary, Community National Bank (the Bank) unanimously appointed Bruce Baker, age 56, to the Boards of Directors of the Company and the Bank, effective January 1, 2021. Mr. Baker was appointed to the class of directors whose term expires at the Company’s 2021 Annual Meeting of Shareholders, at which time he will stand for election to a three year term. Mr. Baker has been appointed to serve on the Audit Committee and the Compensation Committee of the Company’s Boards. Mr. Baker is a commercial lawyer, with nearly 30 years of experience working with financial institutions, entrepreneurs and business owners, focusing on commercial lending, secured transactions, business planning, real estate development and land use. He is a founding member and principal of the law firm of Clarke Demas & Baker PLLC in Burlington, Vermont, and is the owner and CEO of Green Castle Group, LLC, a real estate development, management and consulting company, also based in Burlington.収支内訳Community Bancorp の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史NasdaqCM:CMTV 収益、費用、利益 ( )USD Millions日付収益収益G+A経費研究開発費31 Mar 26491818031 Dec 25471717030 Sep 25461617030 Jun 25441517031 Mar 25421316031 Dec 24411316030 Sep 24401216030 Jun 24391216031 Mar 24401316031 Dec 23401316030 Sep 23411415030 Jun 23411515031 Mar 23401515031 Dec 22391414030 Sep 22371214030 Jun 22371214031 Mar 22371214031 Dec 21381314030 Sep 21371314030 Jun 21361214031 Mar 21351214031 Dec 20331114030 Sep 20321013030 Jun 2031913031 Mar 2031913031 Dec 1930913030 Sep 1931914030 Jun 1931914031 Mar 1930814031 Dec 1830813030 Sep 1830812030 Jun 1829712031 Mar 1829712031 Dec 1728612030 Sep 1728613030 Jun 1727613031 Mar 1727613031 Dec 1627513030 Sep 1626513030 Jun 1626513031 Mar 1625512031 Dec 1525512030 Sep 1525512030 Jun 15255120質の高い収益: CMTVは 高品質の収益 を持っています。利益率の向上: CMTVの現在の純利益率 (36.1%)は、昨年(32%)よりも高くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: CMTVの収益は過去 5 年間で年間5.2%増加しました。成長の加速: CMTVの過去 1 年間の収益成長率 ( 32.7% ) は、5 年間の平均 ( 年間5.2%を上回っています。収益対業界: CMTVの過去 1 年間の収益成長率 ( 32.7% ) はBanks業界22.8%を上回りました。株主資本利益率高いROE: CMTVの 自己資本利益率 ( 15.2% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YBanks 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/26 06:20終値2026/05/26 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Community Bancorp 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
Reported Earnings • Apr 21First quarter 2026 earnings released: EPS: US$0.78 (vs US$0.62 in 1Q 2025)First quarter 2026 results: EPS: US$0.78 (up from US$0.62 in 1Q 2025). Revenue: US$12.3m (up 15% from 1Q 2025). Net income: US$4.37m (up 25% from 1Q 2025). Profit margin: 36% (up from 33% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Apr 21First quarter 2026 earnings released: EPS: US$0.78 (vs US$0.62 in 1Q 2025)First quarter 2026 results: EPS: US$0.78 (up from US$0.62 in 1Q 2025). Revenue: US$12.3m (up 15% from 1Q 2025). Net income: US$4.37m (up 25% from 1Q 2025). Profit margin: 36% (up from 33% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Apr 20Investor sentiment improves as stock rises 16%After last week's 16% share price gain to US$38.18, the stock trades at a trailing P/E ratio of 12.6x. Average trailing P/E is 12x in the Banks industry in the US. Total returns to shareholders of 138% over the past three years.
Declared Dividend • Apr 20Fourth quarter dividend of US$0.25 announcedShareholders will receive a dividend of US$0.25. Ex-date: 24th April 2026 Payment date: 1st May 2026 Dividend yield will be 2.7%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 4.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 8.3% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • Apr 10Community Bancorp, Annual General Meeting, May 19, 2026Community Bancorp, Annual General Meeting, May 19, 2026. Location: the east side restaurant, 47 landing street, newport, 05855, vermont United States
Valuation Update With 7 Day Price Move • Mar 26Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to US$32.09, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 11x in the Banks industry in the US. Total returns to shareholders of 92% over the past three years.
Buy Or Sell Opportunity • Mar 23Now 20% undervaluedOver the last 90 days, the stock has risen 69% to US$42.00. The fair value is estimated to be US$52.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.9% over the last 3 years, while earnings per share has been flat.
New Risk • Mar 17New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$714k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. This is currently the only risk that has been identified for the company.
Valuation Update With 7 Day Price Move • Mar 11Investor sentiment improves as stock rises 24%After last week's 24% share price gain to US$37.37, the stock trades at a trailing P/E ratio of 12.3x. Average trailing P/E is 11x in the Banks industry in the US. Total returns to shareholders of 130% over the past three years.
Recent Insider Transactions • Feb 17Independent Director recently bought US$101k worth of stockOn the 13th of February, Emma Marvin bought around 3k shares on-market at roughly US$32.50 per share. This transaction amounted to 47% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth US$126k. Insiders have collectively bought US$607k more in shares than they have sold in the last 12 months.
Recent Insider Transactions • Feb 03Insider recently bought US$62k worth of stockOn the 2nd of February, Wayne Lamberton bought around 2k shares on-market at roughly US$31.19 per share. This transaction amounted to 30% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$391k more in shares than they have sold in the last 12 months.
お知らせ • Sep 19Community Bancorp announces Quarterly dividend, payable on November 01, 2025Community Bancorp announced Quarterly dividend of USD 0.2500 per share payable on November 01, 2025, ex-date on October 15, 2025 and record date on October 15, 2025.
お知らせ • Apr 11Community Bancorp, Annual General Meeting, May 20, 2025Community Bancorp, Annual General Meeting, May 20, 2025. Location: east side restaurnt, 17 landing street, vermont 05855, newport United States
お知らせ • Apr 09Community Bancorp Announces Retirement of Fredric Oeschger as Director on Annual Meeting to Be Held on May 20, 2025Community Bancorp announced that after 16 years of dedicated service on Board, Director Fredric Oeschger, whose term expires at the Annual Meeting to be held on May 20, 2025, will retire from the Board.
お知らせ • Apr 04Community Bancorp, Annual General Meeting, May 14, 2024Community Bancorp, Annual General Meeting, May 14, 2024, at 14:00 US Eastern Standard Time. Location: The East Side Restaurant, Newport Vermont United States Agenda: To consider Election of five directors to a three-year term expiring in 2027; and to consider Ratification of BerryDunn as the Company’s external auditors for 2024.
お知らせ • Dec 29Community Bancorp and Community National Bank Appoints Christopher L. Caldwell to its Board of DirectorsEffective January 1, 2024, Community Bancorp. (the Company) Vice President Christopher L. Caldwell, age 58, has been appointed to the Boards of Directors of the Company and its wholly owned subsidiary, Community National Bank (the Bank). Mr. Caldwell will join the class of directors whose term expires at the Company’s 2024 Annual Meeting of Shareholders; at which time he will stand for election to a three-year term. He will serve on the Company’s Corporate Governance and Risk Management committees. The appointments, effective on January 1, 2024, were approved on November 15, 2023, by unanimous votes of the Boards of Directors of the Company and the Bank. Since April 2021, Mr. Caldwell has served as Vice President of the Company and Executive Vice President and Chief Lending Officer at the Bank. From April 2020 to April 2021, Mr. Caldwell served as Senior Vice President, Head of Indiana Commercial/Business Banking for Northwest Bank in Indiana. From September 2005 to April 2020, he served as Senior Vice President Commercial and Business Banking for MutualBank (formerly known as Mutual Saving Bank), acquired by Northwest Bank in April 2020. Prior experience from 1996 to 2005 includes as a commercial banker for Star Financial Bank and Madison Community Bank, as well owner and consultant with TKC Business Success Group, all in Indiana.
お知らせ • Dec 22Community Bancorp Declares Quarterly Cash Dividend, Payable on February 1, 2024On December 21, 2023, Community Bancorp. announced that its Board of Directors has declared a quarterly cashdividend of $0.23 per share payable February 1, 2024 to shareholders of record on January 15, 2024.
お知らせ • Oct 24Community Bancorp Declares Cash Dividend, Payable November 1, 2023Community Bancorp declared a quarterly cash dividend of $0.23 per share payable November 1, 2023, to shareholders of record as of October 15, 2023.
お知らせ • Sep 22Community Bancorp. Declares Quarterly Dividend, Payable on November 1, 2023Community Bancorp. announced that its Board of Directors has declared a quarterly cash dividend of $0.23 per share payable November 1, 2023 to shareholders of record on October 15, 2023.
お知らせ • Dec 23Community Bancorp Declares Quarterly cash Dividend, Payable February 1, 2023On December 22, 2022, Community Bancorp. announced that its Board of Directors has declared a quarterly cash dividend of $0.23 per share payable February 1, 2023 to shareholders of record on January 15, 2023.
お知らせ • Sep 09Community Bancorp. Declares Quarterly Cash Dividend, Payable on November 1, 2022On September 7, 2022, Community Bancorp. announced that its Board of Directors has declared a quarterly cash dividend of $0.23 per share payable November 1, 2022 to shareholders of record on October 15, 2022.
お知らせ • Jun 17Community Bancorp Declares Quarterly Cash Dividend, Payable August 1, 2022Community Bancorp announced that its Board of Directors has declared a quarterly cash dividend of $0.23 per share payable August 1, 2022 to shareholders of record on July 15, 2022.
お知らせ • Apr 06Community Bancorp, Annual General Meeting, May 17, 2022Community Bancorp, Annual General Meeting, May 17, 2022, at 14:00 US Eastern Standard Time. Agenda: To elect five directors to the class whose term will expire at the 2025 annual meeting of shareholders; to vote on an advisory (non-binding) resolution to approve the compensation of our executive officers; and to ratify the selection of the independent registered public accounting firm of BerryDunn as the company's external auditor for the fiscal year ending December 31, 2022.
お知らせ • Mar 19Community Bancorp. Declares Quarterly Cash Dividend Payable on May 1, 2021On March 18, 2021, Community Bancorp. announced that its Board of Directors has declared a quarterly cash dividend of $0.22 per share payable May 1, 2021 to shareholders of record on April 15, 2021.
お知らせ • Nov 25Community Bancorp and Community National Bank Announce Board Appointments, Effective January 1, 2021On November 18, 2020, the Boards of Directors of Community Bancorp. (the Company) and its wholly-owned subsidiary, Community National Bank (the Bank) unanimously appointed Bruce Baker, age 56, to the Boards of Directors of the Company and the Bank, effective January 1, 2021. Mr. Baker was appointed to the class of directors whose term expires at the Company’s 2021 Annual Meeting of Shareholders, at which time he will stand for election to a three year term. Mr. Baker has been appointed to serve on the Audit Committee and the Compensation Committee of the Company’s Boards. Mr. Baker is a commercial lawyer, with nearly 30 years of experience working with financial institutions, entrepreneurs and business owners, focusing on commercial lending, secured transactions, business planning, real estate development and land use. He is a founding member and principal of the law firm of Clarke Demas & Baker PLLC in Burlington, Vermont, and is the owner and CEO of Green Castle Group, LLC, a real estate development, management and consulting company, also based in Burlington.