Company: CMTV
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001654954-25-003447
Chunk: 114

Company: COMMUNITY BANCORP /VT
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1B
Chunk 114
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)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.

Item 3.  Legal Proceedings

There are no pending legal proceedings to which the Company or the Bank is a party or of which any of its property is the subject, other than routine litigation incidental to its banking business, none of which, in the opinion of management, is material to the Company's consolidated operations or financial condition.

Item 4.  Mine Safety Disclosures

Not Applicable

 21Table of Contents

PART II.

Item 5.  Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 

Information on the trading market in, market price of, and dividends paid on, the Company's common stock is incorporated by reference to the section of the 2024 Annual Report under the caption “Common Stock Performance by Quarter” immediately following the “Management’s Discussion and Analysis of Financial Condition and Results of Operations”, filed as Exhibit 13 to this report.  The balance of the information required by item 201 of Regulation S-K is omitted in accordance with the regulatory relief available to smaller reporting companies under applicable SEC disclosure rules, as amended in 2018 Release Nos. 33-10513 and 34-83550.

The following table provides information as to purchases of the Company’s common stock during the fourth quarter ended December 31, 2024, by the Company and by any affiliated purchaser (as defined in SEC Rule 10b-18):

        Maximum         Number of Shares       Total Number of