Company: CMTV
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001654954-25-005620
Chunk: 78

Company: COMMUNITY BANCORP /VT
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 78
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 1A. Risk Factors

In management’s view, the Risk Factors identified in our Annual Report on Form 10-K for the year ended December 31, 2024, represent the most significant risks to the Company's future results of operations and financial condition as of the date of this quarterly report.

ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds

The following table provides information as to purchases of the Company’s common stock during the first quarter ended March 31, 2025, by the Company and by any affiliated purchaser (as defined in SEC Rule 10b-18):

        Maximum          Number of Shares       Total Number of  That May Yet Be       Shares Purchased  Purchased Under   Total Number of  Average Price  as Part of Publicly  the Plan at the For the month ended: Shares Purchased  Paid Per Share  Announced Plan (1)  End of the Period (1)              January 1 - January 31  0  $0   0   275,000 February 1 – February 28  1,000   17.68   1,000   274,000 March 1 - March 31  1,000   17.70   1,000   273,000 Total  2,000  $17.69   2,000   273,000 

(1) The Company’s Board of Directors in July 2024 authorized the repurchase from time to time of up to 5% or 275,000 shares of the Company’s common stock in open market purchases and privately negotiated transactions, in management’s discretion and as market conditions may warrant. The repurchase authorization will expire in five years unless extended by the Board of Directors.

During the quarter ended March 31, 2025, there were no shares purchased by CFSG, which may be deemed to be an affiliate of the Company under Rule 10b-18, for the account of participants invested in the Company Stock Fund under the Company’s Retirement Savings Plan.

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ITEM 6. Exhibits

The following exhibits are filed with, or incorporated by reference in, this report:

Exhibit 31.1 Certification from the Chief Executive Officer (Principal Executive Officer) of the Company