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
December 31, 1997
(Date of Report - Date of earliest event reported on)
COMMUNITY BANCORP.
Vermont 2-83166 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 December 31, 1997, Community Bancorp. purchased
all of the outstanding common stock of Liberty Savings Bank, an inactive New
Hampshire guaranty savings bank. The Press Release announcing the acquisition
is incorporated in this filing as Exhibit 1.
Item 7. Exhibits
Exhibit 1 - Press release announcing the purchase of Liberty Savings Bank.
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: January 26, 1998 /s/ Stephen P. Marsh
Stephen P. Marsh,
Vice President & Treasurer
EXHIBITS
Exhibit 1
COMMUNITY BANCORP. ACQUIRES N.H. BANK CHARTER
On December 31, 1997, Community Bancorp., a Vermont bank holding company
based in Derby, acquired all of the outstanding stock of Liberty Savings Bank,
a New Hampshire guaranty savings bank. Community initially intends to conduct
certain lending functions through Liberty, serving primarily the north country
of New Hampshire.
Community President, Richard White said "this acquisition fits into our
strategic plans perfectly. We have been looking for ways to expand our
activity in New Hampshire and this will give us a good vehicle to do that. We
think there are good opportunities in New Hampshire for a small bank that is
focused on small business and consumer lending, as we are in Vermont. We
already have a good number of customers in New Hampshire, and are looking
forward to serving them and their friends and neighbors with the same kind of
good service our customers here in Vermont have enjoyed for years."
Community Bancorp. is also the parent company of the Community National
Bank, which has been serving the Northeast Kingdom of Vermont since 1851 with
offices now located in Derby, Derby Line, Island Pond, Barton, Newport, Troy
and St. Johnsbury.
