Company: CMTV
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001654954-25-003447
Chunk: 101

Company: COMMUNITY BANCORP /VT
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1A
Chunk 101
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 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  Island Pond (Route 105) X Newport (Main Street)X  Troy (Route 101)X      Washington County, VT   Barre (North Main Street)X XMontpelier (State Street) X 

1 All listed locations are operating bank branch offices, except as otherwise noted in footnote 3.

2 The Bank leases space at two of its branch locations to its affiliated trust and investment management affiliate, CFSG, on arms’ length terms. 

3 Loan production offices (LPO), in Chittenden County, in northwestern Vermont and Grafton County, in western New Hampshire.

The Company maintains ATMs at the main office and all branch locations. 

All of the Company’s owned premises are free and clear of any mortgage or encumbrances and, in management’s view, all locations are suitable for conducting the Bank’s business.

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