Our Story, Mission and History

We’ve been serving our Vermont communities for over 165 years. Organized in 1851 as the Peoples Bank and nationally chartered in 1865 as the National Bank of Derby Line. In 1975 we purchased the Island Pond National Bank and changed our name to Community National Bank.

Today we have 12 retail offices in Orleans, Essex, Caledonia, Washington, Franklin and Lamoille counties. We also have 2 loan production offices, one in Chittenden county and the other in Grafton county New Hampshire.
We offer a complete line of personal and business products and services along with offerings for non-profit organizations, municipalities and local governments. We’re one third owner Community Financial Services Group, LLC, our trust and investment affiliate.

Our contributions to the community, our lending practices and our employee volunteerism make us a genuine community bank, Vermont’s Community Bank. Community National Bank’s corporate color is blue; “true blue” because of our dedication to staying true to our mission proudly displayed in each office.

Collectively channeling our passions for people and community into delivery of financial solutions.

Here’s how this Vermont Community Bank has grown through the years:

1800s


1851

Originated as Peoples Bank in Derby Line, VT

 
1865

National chartered as National Bank of Derby Line

1900s


1926

National Bank of Derby Line obtained trust powers

1975

The first branch office opened in Derby, VT and total bank assets were $10.2 million.

Acquired Island Pond National Bank

Changed name to Community National Bank

Main office relocated from Derby Line to Derby, VT and total bank assets were $39.6 million

1981

Barton office opened in the C&C supermarket on Church Street

1982

CNB introduced its exclusive Weekly Payment Mortgage

1983

Community Bancorp., our bank holding company, was formed

1984

Newport office opened in the Fedele’s grocery store on Main Street

1985

Barton office outgrew grocery store and relocated to 103 Church Street

1986

Troy office opened at 4245 VT Route 101

1988

Launched Community Circle seniors’ program

1990

Total bank assets of $143.9 million at year-end

1992

Introduced first "Community Booster Loan" program

1993

Major addition to Derby office completed

Installed first ATM

1994

Island Pond office relocated to historic railroad station at 23 VT Route 105

Telephone Banking offered

Business Circle is started

1995

St. Johnsbury office, first Caledonia County office, opened in Price Chopper building at 857 Memorial Drive

1996

Debit cards offered

Totally Kids Club™ started

Inaugurated Community Service Award Program

1997

Totally Kids Club™ wins national award

1998

Community Circle celebrates 10th anniversary with over 2700 members

1999

Newport office relocated to state office building at 100 Main Street

Became a certified NHFA lender

Internet Banking offered

Became a partner of America's Promise

Won a national "Action Award" from ABA's Center for Community Development

2000s


2000

Y2K compliant

Total bank assets of $232 million

2001

Celebrated 150-year anniversary

Montpelier office, the first Washington County office, opened at 95 State Street

2002

Won the Governor's Award for Outstanding Community Service

Community Financial Service Group, LLC trust company was formed and equally owned by Community National Bank, The National Bank of Middlebury and Woodsville Guaranty Savings Bank

2003

Opened Barre office at 316 North Main Street

The 2004 expansion plans for the Derby office new operations center was initiated

2004

Derby office expansion plans were underway

2005

Completed the Derby office expansion

Lending team receives the USDA Rural Development Lender of the Year Award

2006

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 announced plans to acquire LyndonBank

As of the close of business on December 31, 2007, LyndonBank merged with and into Community National Bank and added Enosburg, Lyndonville and Morrisville offices

2008

Community Circle celebrated the 20th anniversary at the Jay Peak Resort

2009

eStatements offered as an alternate to paper

2010

Released an entirely updated bank website

Entered social media by joining Facebook and Twitter

2011

Initiated the implementation of Document Imaging for electronic delivery, storage and retrieval of documents

Updated the eStatement delivery channel to include electronic delivery of notices in addition to statements

2013

Mobile Banking offered

Launched a mobile version of the bank website

Upgraded Telephone banking service

A bank store with CNB-branded items was made available for employee and customer purchases

Community Circle celebrated their 25th anniversary with celebrations held at each office

Awarded the Vermont SBA Third Party Lender of the Year

2014

Online opening of demand deposit accounts available through bank website and Internet banking

2015

Updated mission, vision and values statements

Mobile Deposit offered

At the close of business on July 17, 2015, the Broad Street Lyndonville office and the Federal Street St. Johnsbury offices were closed and the other two offices in Caledonia County remain open

2017

Adopted new tagline “Vermont’s Community Bank”

Loan Production Office opened in Burlington on 346 Shelburne Road

2018

Began installing Cash Recycler Machines to accept, dispense and store money

2019

Loan Production Office opened in Lebanon, New Hampshire