SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
March 10, 1998
(Date of Report - Date of earliest event reported on)
COMMUNITY BANCORP.
Vermont 0-16435 03-0284070
(State of Incorporation) (Commission File Number) (IRS Employer
Identification No.)
Derby Road, Derby, Vermont 05829
(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number: (802) 334-7915
Not Applicable
(Former name, former address, if changed since last report)
Item 5. Other Events. On March 10, 1998, the Board of Directors of Community
Bancorp. approved a two for one stock split to be accomplished by a 100% stock
dividend payable June 1, 1998 to shareholders of record as of May 15, 1998,
contingent upon the approval by the Company's shareholders of a proposal to
increase the number of shares the Company may issue. The Press Release
announcing this event is incorporated in this filing as Exhibit 1.
Item 7. Exhibits
Exhibit 1 - Press release announcing the two for one stock split.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
COMMUNITY BANCORP.
DATED: March 17, 1998 /s/ Stephen P. Marsh
Stephen P. Marsh,
Vice President & Treasurer
EXHIBITS
Exhibit 1
COMMUNITY BANCORP. ANNOUNCES CASH DIVIDEND
AND STOCK SPLIT
Community Bancorp., the parent company of Community National Bank, has
declared a cash dividend of thirty cents per share payable May 1st to
shareholders of record as of April 15th.
The Company also announced a two for one stock split to be accomplished
by a 100% stock dividend payable June 1, 1998 to shareholders of record as
of May 15, 1998, contingent upon the approval by the Company's shareholders
of a proposal to increase the number of shares the Company may issue. This
proposal which is contained in an amendment to the Company's Articles of
Association, will be voted on at the annual shareholders' meeting to be held
on May 5, 1998.
In other business, the Board of Directors established the record date
for the annual meeting to be March 10, 1998. As of that date, the Company
had 1,519,034 shares outstanding of the 2,000,000 currently authorized.
Community Bancorp. is a bank holding company which owns Community
National Bank in Derby, Vermont and recently acquired the Liberty Savings
Bank charter in New Hampshire.
