Company: CMTV
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001654954-25-003447
Chunk: 35

Company: COMMUNITY BANCORP /VT
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1
Chunk 35
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. ·Deployment of advanced cybersecurity technologies, including firewalls, intrusion detection systems, and encryption protocols. ·Employee training and awareness programs to enhance cybersecurity awareness and promote best practices. ·Incident response and business continuity plans to ensure a timely and effective response to cybersecurity incidents.

The Information Security Program is led by the Company’s Information Security Officer (ISO) who works with the Privacy Officer, Security Officer, and IT Manager to review and identify security risks and controls within each functional area of the Bank. Risk assessments are updated at least annually or more frequently if circumstances warrant.  Status and compliance with the program is reported by the ISO to the Information Technology Steering Committee and the Board annually or more frequently if circumstances warrant. The report discusses material matters relating to the program including the risk assessment; risk management and control decisions; service provider arrangements; results of monitoring and testing; security breaches and management’s responses; gaps; and recommendations for changes to the program. 

However, despite these efforts, we cannot guarantee that these cybersecurity measures will prevent all cyber threats or mitigate all potential impacts. Cybersecurity threats are constantly evolving, and the Company may be susceptible to new and unforeseen risks in the future.

In conclusion, cybersecurity risks pose significant challenges to business operations and financial stability. The Company continuously monitors and evaluates its cybersecurity posture to adapt to emerging threats and safeguard customers' information and assets.

Item 2.  Properties

Although the Company does not itself own or lease real property, the Bank owns and leases various properties for its banking operations.   All of the Bank’s offices are located in Vermont, other than its loan production office in Grafton County, New Hampshire. 

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The Company's administrative offices are located at the main offices of the Bank on U.S. Route 5 in Derby, Vermont, with total office space of approximately 34,000 square feet, including retail banking offices, an operations center as well as a community room used by the Bank for meetings and various functions.  This community room has a secure outside access making it possible for the Bank to offer it to non-profit organizations after banking hours free of charge.  This office is equipped with a remote drive-up facility and a drive-up ATM as well as an inside lobby ATM.  The Company leases space at this office to its affiliated trust and wealth management affiliate, CFSG, on arms’ length terms.

In addition to its main office, the Company currently owns or leases the following premises in six Vermont counties and one New Hampshire County:

Office