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Mission Statement & HistoryCommunity National Bank's Mission Statement
Community National Bank is dedicated to meeting the financial needs of its customers in a professional and ethical manner. It will conduct its affairs in such a manner as to insure a sound and profitable operation; and it will contribute to the continuing growth and well being of the communities it serves.
History
The History Of A True Vermont Bank
1851
The Peoples Bank founded in Derby Line, VT.
1865 The Peoples Bank converts to national charter and becomes the National Bank of Derby Line.
1926
National Bank of Derby Line obtains trust powers.
1970
First branch office opened in Derby, VT. Total bank assets of $10.2 million. The National Bank of Derby Line acquires the Island Pond National Bank and changes its name to Community National Bank. Main office relocates from Derby Line to Derby, VT. Total bank assets of 39.6 million.
1981
CNB opens a new office in Barton, VT in the C&C supermarket.
1982
CNB introduces its exclusive Weekly Payment Mortgage.
1983
Community Bancorp., our bank holding company, is formed.
1984
CNB opens a new office in Newport, VT in Fedele’s grocery store.
1985
Barton office outgrows grocery store and relocates to current location.
1986
CNB opens a new office in Troy, VT.
1988
“Community Circle,” our seniors’ program, is launched.
1990
Total bank assets of $143.9 million at year-end.
1992
CNB introduces first “Community Booster Loan” program.
1993
Major addition to Derby office completed. CNB acquires first ATM.
1994
Island Pond office relocates to historic railroad station. CNB offers telephone banking. Business Circle is started.
1995
CNB opens its first office in Caledonia County at the new Price Chopper in St. Johnsbury.
1996
CNB inaugurates Community Service Award Program. Introduced CNB’s debit card. Totally Kids Club™ started.
1997
Totally Kids Club™ wins national award.
1998
Community Circle celebrates 10th anniversary with over 2700 members.
1999
Newport office relocates to new state office building. CNB becomes a certified NHFA lender. CNB NetXpress Internet Banking offered. CNB becomes a partner of America’s Promise. CNB wins a national “Action Award” from ABA’s Center for Community Development.
2000
CNB is Y2K compliant. Total bank assets of $232 million.
2001
CNB celebrates 150-year anniversary. CNB opens first office in Washington County and central VT at 95 State St. in Montpelier, VT.
2002
CNB wins the Governor’s Award for Outstanding Community Service. Community Financial Services Group, LLC, a trust company equally owned by Community National Bank, The National Bank of Middlebury and Guaranty Bancorp., the holding company of Woodsville Guaranty Savings Bank, is formed.
2003
CNB opens Barre office at 316 North Main St. 2004 Expansion plans for a new operations center at the Derby office is initiated.
2004
Plans to expand the Derby office are underway.
2005
The Derby office expansion is completed. CNB's lending team recieves the USDA Rural Development Lender of the Year Award.
2006
CNB's lending team receives the USDA Rural Development Lender of the Year Award, for the second year running. TK and the Totally Kids Club celebrate 10 years of teaching children how to save.
2007
August 2, 2007 CNB announces plans to acquire LyndonBank. As of the close of business on December 31, 2007 LyndonBank was merged with and into Community National Bank.
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