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Stock impact report

Community Bancorp. Re-Elects Directors and Discusses Strong 2023 and First Quarter 2024 Results at Annual Shareholders' Meeting [Yahoo! Finance]

COMMUTY BANCORP VT (CMTV) 
NASDAQ:AMEX Investor Relations: communitynationalbank.com/community-bancorp
Company Research Source: Yahoo! Finance
A quorum of shareholders cast ballots and voted affirmatively on two proposals: re-electing Directors Kathryn M. Austin, Bruce L. Baker, David M. Bouffard, Christopher L. Caldwell and Aminta K. Conant to three-year terms expiring in 2027, and ratifying BerryDunn as the Company's external auditors for 2024. Following the business portion of the meeting, CEO Kathy Austin shared that in 2023, the bank continued to generate solid organic growth in both its loan portfolio and deposit base, especially time deposits, as well as assets. Its success contributed to the decision to raise the bank's quarterly dividend again in 2023. The bank reported $1.11 billion in total assets as of March 31, 2024, up 7% year-over-year. She noted, "Our financial results through 2023 and early 2024, demonstrate continued success. We have assembled a strong team and invested in the operations and technology to support continued profitable growth. We have an integral role in the communities we serve, know ou Show less Read more
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