Company: CMTV
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001654954-25-003447
Chunk: 126

Company: COMMUNITY BANCORP /VT
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1C
Chunk 126
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 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 Location1OwnedLeasedCFSG Office2    Caledonia County, VT   St. Johnsbury (Route 5) X Lyndon (Memorial Drive) XX    Chittenden County, VT   Burlington (Shelburne Road)3 X     Franklin County, VT   Enosburg Falls (Sampsonville Road)X      Grafton County, NH    Lebanon, NH (367 Route 120)3 X     Lamoille County, VT   Morrisville (Route 15 West) X     Orleans County, VT   Barton (Church Street)X  Derby Line (Main Street)X