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The History of Our Vermont Community Bank

Community National Bank was organized in 1851 as the Peoples Bank, and was subsequently reorganized as the National Bank of Derby Line in 1865. In 1975, the bank acquired the Island Pond National Bank and changed its name to Community National 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.

1975

The first branch office opens 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 (CNB).

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 is 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.

The CNB debit card is introduced.

Totally Kids Club™ is 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 Service Group, LLC, a trust company equally owned by Community National Bank, The National Bank of Middlebury and Guaranty Bancorp. and the holding company of Woodsville Guaranty Savings Bank, is formed.

2003

CNB opens Barre office at 316 North Main St.

The 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 receives 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 merges with and into Community National Bank.

2008

"Community Circle" celebrates their 20th anniversary at the Jay Peak Resort.

2009

CNB offers E-statements as an alternative to paper statements.

2010

CNB releases an entirely updated website.

CNB enters social media by joining Facebook and Twitter.

2011

CNB initiates the implementation of Document Imaging for electronic delivery, storage and retrieval of documents.

CNB updates the E-statement delivery channel and includes electronic delivery of notices in addition to statements.

2012

CNB is getting ready to launch Mobile Banking.

2013

A bank store containing CNB branded items is made available for purchase by employees and customers.

CNB offers Mobile Banking.

CNB launches a mobile version of their website.

CNB upgrades Telephone Banking services.

"Community Circle" celebrates their 25th anniversary with celebrations held in all CNB offices.

CNB is awarded as the 2013 Vermont SBA Third Party Lender of the Year.

2014

CNB implements demand deposit account opening online through the public Web site and NetXpress Internet Banking.

2015

CNB's mission, vision and values statements are updated