UNITED STATES
                   SECURITIES AND EXCHANGE COMMISSION
                         Washington, DC  20549


                               FORM 10-Q


          QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF
                  THE SECURITIES EXCHANGE ACT OF 1934



                FOR THE QUARTER ENDED SEPTEMBER 30, 1996




                     Commission File No. 33-12756-B




                        COMMUNITY BANCORP, INC.
                      A Massachusetts Corporation
               IRS Employer Identification No. 04-2841993
              17 Pope Street, Hudson, Massachusetts  01749
                       Telephone - (508) 568-8321








Indicate by check mark whether the registrant (1) has filed all reports 
required to be filed by Section 13 or 15(d) of the Securities Exchange 
Act of 1934 during the preceding 12 months (or for such shorter period 
that the registrant was required to file such reports), and (2) has been 
subject to such filing requirements for the past 90 days.

                      Yes     X               No       
                             ---                    ---





                              Common Stock
                            $2.50 par value
                      2,935,012 shares outstanding
                         as of October 30, 1996




<PAGE>
                          COMMUNITY BANCORP, INC.

                             TABLE OF CONTENTS

                                                                       Page
                                                                       ----
PART I  -  FINANCIAL INFORMATION

           Item 1.   Financial Statements:

                       Consolidated Balance Sheets                       3

                       Consolidated Statements of Income                 4

                       Consolidated Statements of Cash Flow             5-6

                       Notes to Consolidated Financial Statements        7

           Item 2.   Management's Discussion and Analysis of
                       Financial Condition and Results of Operations    8-12

PART II -  OTHER INFORMATION

           Item 5.   Other Information                                  13

           Item 6.   Exhibits and Reports on Form 8-K                   13

SIGNATURES                                                              14

EXHIBITS             Financial Data Schedule (EX-27, Article 9)           





























                                    -2-
<PAGE>
<TABLE>
                      PART I - FINANCIAL INFORMATION

                          COMMUNITY BANCORP, INC.
Item 1.                 CONSOLIDATED BALANCE SHEETS
<CAPTION>
                                              September 30,    December 31,
                                                   1996            1995    
                                              ------------    ------------
<S>                                           <C>             <C>
ASSETS
Cash and due from banks                       $ 17,636,809    $ 12,668,446
Federal funds sold                               4,600,000      16,700,000
Securities available for sale, at market        30,494,372      23,790,470
Securities held to maturity (market value
  $55,130,938 at 9/30/96 and $50,633,376
  at 12/31/95)                                  55,675,609      50,825,359

Loans                                          130,994,629     128,072,061
Less allowance for possible loan losses          3,514,631       3,455,098
                                               -----------     -----------
       Total net loans                         127,479,998     124,616,963

Premises and equipment, net                      4,808,169       5,126,083
Other assets, net                                4,050,304       3,853,475
                                               -----------     -----------
                Total assets                  $244,745,261    $237,580,796
                                               ===========     ===========

LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities:
 Deposits
   Noninterest bearing                        $ 50,762,377    $ 45,383,886
   Interest bearing                            160,725,885     161,655,979
                                               -----------     -----------
       Total deposits                          211,488,262     207,039,865

 Federal funds purchased and securities
   sold under repurchase agreements             12,431,309       9,289,963
 Other liabilities                               1,588,000       1,710,295
                                               -----------     -----------
            Total liabilities                  225,507,571     218,040,123

Commitments

Stockholders' equity:
 Preferred stock, $2.50 par value, 100,000
   shares authorized, none issued or outstanding
 Common stock, $2.50 par value, 4,000,000
   shares authorized, 3,199,218 shares issued,
   2,935,012 shares outstanding, (3,158,946
   shares outstanding at December 31, 1995)      7,998,045       7,998,045
 Surplus                                           374,581         290,253
 Undivided profits                              13,265,339      11,463,544
 Treasury stock, 264,206 shares, (40,272
   shares at December 31, 1995)                 (2,348,419)       (181,224)
 Unrealized losses on securities available
   for sale, net                                   (51,856)        (29,945)
                                               -----------     -----------
            Total stockholders' equity          19,237,690      19,540,673
                                               -----------     -----------
                Total liabilities and
                    stockholders' equity      $244,745,261    $237,580,796
                                               ===========     ===========
<FN>
                          See accompanying notes.
</TABLE>

                                    -3-
<PAGE>
<TABLE>
                            COMMUNITY BANCORP, INC.
                       CONSOLIDATED STATEMENTS OF INCOME
<CAPTION>
                                    Three months ended     Nine months ended
                                       September 30,          September 30,   
                                   --------------------   --------------------
                                      1996       1995        1996       1995  
                                   ---------  ---------   ---------  ---------
<S>                               <C>        <C>         <C>        <C>
Interest income:
 Interest and fees on loans       $3,107,269 $3,183,086  $9,329,690 $9,210,908
 Interest and div. on securities:
  Taxable interest                 1,154,114    969,659   3,336,199  2,980,243
  Nontaxable interest                 37,470     20,532      82,726     68,668
  Dividends                           13,654     11,190      40,191     37,037
 Interest on federal funds sold      136,197    156,109     438,714    189,618
                                   ---------  ---------  ---------- ----------
   Total interest income           4,448,704  4,340,576  13,227,520 12,486,474
                                   ---------  ---------  ---------- ----------
Interest expense:
 Deposits                          1,431,519  1,513,352   4,361,959  4,175,750
 Short term borrowings               145,585    122,334     386,417    414,330
                                   ---------  ---------   ---------  ---------
  Total interest expense           1,577,104  1,635,686   4,748,376  4,590,080
                                   ---------  ---------   ---------  ---------

Net interest income                2,871 600  2,704,890   8,479,144  7,896,394
Provision for loan losses                  0     30,000           0     90,000
                                   ---------  ---------   ---------  ---------
Net interest income after
 provision for loan losses         2,871,600  2,674,890   8,479,144  7,806,394

Noninterest income:
 Merchant credit card assessments    209,754    161,265     611,136    490,995
 Service charges                     191,141    173,081     572,651    522,641
 Other charges, commissions, fees    162,368    143,872     514,192    492,704
 Gains (losses) on sales of
  loans, net                           8,243     20,120      28,182    (30,488)
 Other                                20,241      8,855      53,378     50,616
                                   ---------  ---------   ---------  ---------
  Total noninterest income           591,747    507,193   1,779,539  1,526,468
                                   ---------  ---------   ---------  ---------
Noninterest expense:
 Salaries and benefits             1,092,523  1,011,108   3,343,202  3,143,859
 Data processing                     157,857    116,796     449,126    340,652
 Occupancy, net                      148,483    149,702     438,049    453,619
 Furniture and equipment              89,163     81,869     262,769    242,366
 Credit card processing              176,904    148,322     507,048    421,889
 Other                               415,346    419,846   1,320,606  1,415,603
                                   ---------  ---------   ---------  ---------
  Total noninterest expense        2,080,276  1,927,643   6,320,800  6,017,988
                                   ---------  ---------   ---------  ---------
Income before income taxes         1,383,071  1,254,440   3,937,883  3,314,874
Income taxes                         543,113    537,165   1,541,115  1,354,385
                                   ---------  ---------   ---------  ---------
Net income                        $  839,958 $  717,275  $2,396,768 $1,960,489
                                   =========  =========   =========  =========
Earnings per share                $     .264 $     .228  $     .755 $     .623

Dividends per share               $     .064 $     .059  $     .187 $     .174

Weighted average number of shares  3,181,474  3,152,530   3,173,281  3,144,721

<FN>
                            See accompanying notes.
</TABLE>



                                      -4-
<PAGE>
<TABLE>
                          COMMUNITY BANCORP, INC.
                   CONSOLIDATED STATEMENTS OF CASH FLOWS
<CAPTION>
                                                      Nine months ended   
                                                        September 30,     
                                                 -------------------------
                                                    1996           1995   
                                                 ----------     ----------
<S>                                            <C>            <C>
Cash flows from operating activities:
  Interest received                            $ 13,214,867   $ 12,516,261
  Fees and commissions received                   1,762,474      1,495,560
  Proceeds from secondary market
    mortgage sales                               12,744,365      4,474,743
  Origination of mortgage loans for
    secondary market sales                      (11,733,586)    (4,910,994)
  Interest paid                                  (4,805,589)    (4,672,139)
  Cash paid to suppliers & employees             (5,927,232)    (5,102,348)
  Income taxes paid                              (1,392,547)    (1,079,807)
                                                 ----------     ----------
      Net cash provided by operating activities   3,862,752      2,721,276
                                                 ----------     ----------

Cash flows from investing activities:
  Purchases of securities held to maturity      (14,764,819)    (9,981,688)
  Proceeds from maturities of securities
    held to maturity                              9,966,355     10,081,408
  Purchases of securities available for sale    (11,362,861)              
  Proceeds from maturities of securities
    available for sale                            4,566,287      3,245,351
  Net change in federal funds sold               12,100,000     (8,900,000)
  Net change in loans and other real estate
    owned                                        (4,122,182)    (6,534,665)
  Proceeds from sale of other real estate 
    owned                                            55,000        147,700
  Acquisition of property, plant and equipment     (258,885)      (366,639)
                                                 ----------     ----------
      Net cash (used in) investing activities    (3,821,105)   (12,308,533)
                                                 ----------     ----------
Cash flows from financing activities:
  Net change in deposits                          4,448,398     15,542,194
  Net change in federal funds purchased          (1,000,000)   (10,900,000)
  Net change in repurchase agreements             4,141,346      6,180,107
  Purchase of treasury stock                     (2,318,985)        (2,865)
  Sale of treasury stock                            236,137        111,444
  Dividends paid                                   (580,180)      (536,229)
                                                 ----------     ----------
      Net cash provided by financing activities   4,926,716     10,394,651
                                                 ----------     ----------
Net increase in cash and due from banks           4,968,363        807,394
                                                 ----------     ----------
Cash and due from banks at beginning
  of period                                      12,668,446     11,600,385
                                                 ----------     ----------
Cash and due from banks at end of period        $17,636,809    $12,407,779
                                                 ==========     ==========
<FN>
                          See accompanying notes.
</TABLE>


                                    -5-
<PAGE>
<TABLE>
                          COMMUNITY BANCORP, INC.
                   CONSOLIDATED STATEMENTS OF CASH FLOWS
 Reconciliation of Net Income to Net Cash Provided by Operating Activities
<CAPTION>
                                                      Nine months ended   
                                                        September 30,     
                                                 -------------------------
                                                     1996           1995  
                                                 ----------     ----------
<S>                                             <C>            <C>
Net income                                      $ 2,396,768    $ 1,960,489

  Adjustments to reconcile net income
    to net cash provided by operating
    activities:
      Decrease (increase) in mortgage loans
        held for sale                               763,423       (700,135)
      Premium on sale of mortgages                  247,356        263,884
      Depreciation and amortization                 631,316        550,391
      Provision for loan losses                           0         90,000
      (Decrease) increase in other liabilities     (237,747)       365,256
      Increase in taxes payable                     148,568        274,578
      (Decrease) in interest payable                (57,213)       (82,059)
      (Increase) decrease in other assets           (17,065)       (30,910)
      (Increase) decrease in interest receivable    (12,654)        29,783
                                                 ----------     ----------
         Total adjustments                        1,465,984        760,788
                                                 ----------     ----------
Net cash provided by operating activities       $ 3,862,752    $ 2,721,276
                                                 ==========     ==========
<FN>
                          See accompanying notes.
</TABLE>





























                                    -6-
<PAGE>
                        COMMUNITY BANCORP, INC.

               NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                           SEPTEMBER 30, 1996
________________________________________________________________________

1.  BASIS OF PRESENTATION

    The accompanying unaudited consolidated financial statements have 
    been prepared in accordance with generally accepted accounting 
    principles for interim financial information and with the 
    instructions to Form 10-Q and Article 10 of Regulation S-X.  
    Accordingly, they do not include all of the information and notes 
    required by generally accepted accounting principles for complete 
    financial statements.  In the opinion of management, all adjustments 
    (consisting of normal recurring accruals) considered necessary for a 
    fair presentation have been included.  The results of operations for 
    any interim period are not necessarily indicative of results 
    expected for the full year.  These consolidated financial statements 
    should be read in conjunction with the consolidated financial 
    statements and notes thereto contained in the Company's Annual 
    Report to shareholders and Form 10-K for the year ended December 31, 
    1995.



2.  EARNINGS PER SHARE

    Earnings per share calculations are based on the weighted average 
    number of common shares outstanding during the period.



3.  FINANCIAL ACCOUNTING STANDARDS BOARD STATEMENT NO. 122, "ACCOUNTING 
    FOR MORTGAGE SERVICING RIGHTS"

    Beginning January 1, 1996, the Company adopted Financial Accounting 
    Standards Board Statement No. 122, "Accounting for Mortgage 
    Servicing Rights" (SFAS No. 122), which requires the capitalization 
    of the cost of originating the rights to service mortgage loans for 
    others.  In addition, capitalized mortgage servicing rights are 
    required to be assessed for impairment based on the fair value of 
    those rights.  The adoption of SFAS No. 122 resulted in the Company 
    recording $28,767 in income associated with the origination of 
    mortgage servicing rights during the nine months ended September 30, 
    1996.












                                  -7-
<PAGE>
                     PART I - FINANCIAL INFORMATION

Item 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
         AND RESULTS OF OPERATIONS

Summary
-------

    The Company recorded net income of $2,396,768 for the nine months 
ended September 30, 1996, representing an increase of $436,279 or 22.3% 
over $1,960,489 for the same period in 1995.  Earnings per share of 
$.755 for the current period represented an increase of $.132 from $.623 
for the nine months ended September 30, 1995.

    The Company recorded net income of $839,958 for the three months 
ended September 30, 1996, representing an increase of $122,683 or 17.1% 
over $717,275 for the corresponding period in 1995.  Earnings per share 
of $.264 for the current period represented an increase of $.036 from 
$.228 for the same period in 1995.

    The improvement in net income resulted primarily from an increase in 
net interest income and noninterest income, and a decrease in the 
provision for possible loan losses and F.D.I.C. deposit insurance 
premiums.

    Deposits of $211,488,262 at September 30, 1996 increased by 
$4,448,397 or 2.1% from $207,039,865 at December 31, 1995.  This 
increase occurred primarily in noninterest bearing deposit categories.  
Interest bearing deposits decreased by $930,094, primarily in the area 
of money market deposit accounts, partially offset by an increase in 
savings deposits.  Noninterest bearing deposits increased by $5,378,491, 
primarily in the area of business demand deposit accounts.

    Loans of $130,994,629 at September 30, 1996 increased by $2,922,568 
or 2.3% from $128,072,061 at December 31, 1995.  This increase occurred 
primarily in the commercial, home equity and consumer loan portfolios.  
Noncurrent loans (nonaccrual loans and loans 90 days or more past due 
but still accruing) totalled $876,522 and $1,810,267 at September 30, 
1996 and December 31, 1995, respectively.  There were no accruing 
troubled debt restructurings at September 30, 1996 or December 31, 1995.

    Assets of $244,745,261 at September 30, 1996 represented a 
$7,164,465 or 3.0% increase from $237,580,796 at December 31, 1995.

          Nine months ended September 30, 1996 as Compared To
              Nine months ended September 30, 1995        
          ---------------------------------------------------

Net Interest Income
-------------------

    Interest income for the nine months ended September 30, 1996 was 
$13,227,520, representing an increase of $741,046 or 5.9% from 
$12,486,474 for the nine months ended September 30, 1995, primarily due 
to higher loan and securities balances in 1996.  Interest expense was 
$4,748,376, representing an increase of $157,296 or 3.4% from $4,590,080 
for the nine months ended September 30, 1995, primarily due to higher 
average interest bearing deposit balances, partially offset by lower 
deposit interest rates, in 1996.  Net interest income for the nine 
months ended September 30, 1996 was $8,479,144, representing an increase 
of $582,750 or 7.4% from $7,896,394 for the nine months ended September 
30, 1995.
                                  -8-
<PAGE>

Noninterest Income and Expense
------------------------------

    Noninterest income for the nine months ended September 30, 1996 was 
$1,779,539, representing an increase of $253,071 or 16.8% from 
$1,526,468 for the nine months ended September 30, 1995.  This increase 
was primarily the result of increases in merchant credit card 
assessments, service charges, other charges, commissions and fees, and 
gains on sales of loans.

    Noninterest expense for the nine months ended September 30, 1996 of 
$6,320,800 was up $302,812 or 5.0% from $6,017,988 for the same period 
in 1995.  This increase was primarily the result of increases in 
salaries and employee benefits, data processing, furniture and equipment 
and credit card processing, partially offset by reductions in occupancy 
and other expense, including F.D.I.C. deposit insurance premiums which
totalled $191,972 for the nine months ended September 30, 1995 and
$1,500 for the same period in 1996.

Provision for Loan Losses
-------------------------

    The provision for loan losses for the nine months ended September 
30, 1996 was $0, representing a $90,000 or 100.0% decrease from $90,000 
for the same period in 1995.  This decrease was the result of 
management's continuing evaluation of the adequacy of the allowance for 
loan losses and its belief that the allowance is adequate.

Income Taxes
------------

    Income tax expense of $1,541,115 for the nine months ended September 
30, 1996 compared to $1,354,385 for the same period in 1995, the result 
of an increase in taxable income during the current period.

Net Income
----------

    Net income of $2,396,768 for the first nine months of 1996 
represented an increase of $436,279 or 22.3% from $1,960,489 recorded 
for the first nine months of 1995.  Earnings per share of $.755 for the 
current period represented an increase of $.132 from $.623 for the nine 
months ended September 30, 1995.


          Three Months ended September 30, 1996 as Compared To
             Three Months ended September 30, 1995        
          ----------------------------------------------------

Net Interest Income
-------------------

    Interest income for the three months ended September 30, 1996 was 
$4,448,704, representing an increase of $108,128 or 2.5% from $4,340,576 
for the three months ended September 30, 1995.  The increase was 
primarily due to higher loan and securities balances in 1996.  Interest 
expense was $1,577,104, representing a decrease of $58,582 or 3.6% from 
$1,635,686 for the three months ended September 30, 1995, primarily due 
to lower interest rates, partially offset by moderately higher average 
interest bearing deposit balances, in 1996.  Net interest income for the 
three months ended September 30, 1996 was $2,871,600, representing an 
increase of $166,710 or 6.2% from $2,704,890 for the same period in 1995.


                                  -9-
<PAGE>

Noninterest Income and Expense
------------------------------

    Noninterest income for the three months ended September 30, 1996 was 
$591,747, representing an increase of $84,554 or 16.7% from $507,193 for 
the three months ended September 30, 1995.  This increase was primarily 
the result of increases in merchant credit card assessments, service 
charges, other charges, commissions and fees, and gains on sales of 
loans.

    Noninterest expense for the three months ended September 30, 1996 of 
$2,080,276 was up $152,633 or 7.9% from $1,927,643 for the three months 
ended September 30, 1995.  This increase was primarily the result of 
increases in salaries and employee benefits, data processing and credit 
card processing, partially offset by a reduction in other expense.

Provision for Loan Losses
-------------------------

    The provision for loan losses for the three months ended September 
30, 1996 was $0, representing a $30,000 or 100.0% decrease from $30,000 
for the three months ended September 30, 1995.  This decrease was the 
result of management's continuing evaluation of the adequacy of the 
allowance for loan losses and its belief that the allowance is adequate.

Income Taxes
------------

    Income tax expense of $543,113 for the three months ended September 
30, 1996 compared to $537,165 for the three months ended September 30, 
1995, the result of an increase in taxable income during the current 
period.

Net Income
----------

    Net income of $839,958 for the three months ended September 30, 1996 
represented an increase of $122,683 or 17.1% over $717,275 for the three 
months ended September 30, 1995.  Earnings per share of $.264 for the 
current period represented an increase of $.036 from $.228 for the three 
months ended September 30, 1995.

Allowance for Possible Loan Losses
----------------------------------

    The allowance for possible loan losses is maintained at a level 
believed by management to be adequate to absorb potential losses in the 
loan portfolio.  Management's methodology in determining the adequacy of 
the allowance considers specific credit reviews, past loan loss 
experience, current economic conditions and trends and the volume, 
growth and composition of the loan portfolio.  Each loan on the 
Company's internal Watch List is evaluated periodically to estimate 
potential losses.  For loans with potential losses, the bank sets aside 
or "allocates" a portion of the ALLL against such potential losses.  For 
the remainder of the portfolio, "unallocated" reserve amounts are 
determined based on judgements regarding the type of loan, economic 
conditions and trends, potential exposure to loss and other factors.  
The allowance for possible loan losses is charged when management 
determines that the repayment of the principal on a loan is in doubt.  
Subsequent recoveries, if any, are credited to the allowance.  At 
September 30, 1996, the balance in the allowance was $3,514,631, 
representing 222% of noncurrent loans, compared to $3,455,098 or 191% of 
noncurrent loans at December 31, 1995.

                                  -10-
<PAGE>

Securities
----------

    The Company's securities portfolio consists of obligations of the 
U.S. Treasury, U.S. government sponsored agencies, mortgage backed 
securities and obligations of municipalities in the Company's market 
area.  Those assets are used in part to secure public deposits and as 
collateral for repurchase agreements.

    Total securities were $86,169,981 at September 30, 1996, 
representing an increase of $11,554,152 or 15.5% from $74,615,829 at 
December 31, 1995.  At September 30, 1996, $30,494,372 in securities 
were classified as "available for sale".  There were no sales of 
securities during the nine months ended September 30, 1996.

Liquidity and Capital Resources
-------------------------------

    The Company's primary sources of liquidity are customer deposits, 
amortization and pay-offs of loan principal and maturities of investment 
securities.  These sources provide funds for loan originations, the 
purchase of investment securities and other activities.  Deposits are 
considered a relatively stable source of funds.  At September 30, 1996, 
1995 and 1994, deposits were $211.5, $202.4 and $185.0 million, 
respectively.  Management anticipates that deposits will remain 
relatively stable or grow moderately during the remainder of 1996.

    As a nationally chartered member of the Federal Reserve System, the 
Bank has the ability to borrow funds from the Federal Reserve Bank of 
Boston by pledging certain of its investment securities as collateral.  
Also, the Bank is a member of the Federal Home Loan Bank which provides 
additional borrowing opportunities.

    On August 15, 1996, the Company implemented an Offer to Purchase up 
to 222,222 shares of its outstanding common stock at a price of $9.00 
per share, as filed with the Commission on Schedule 13E-4.  The Offer 
expired at 5:00 p.m. E.D.T., on September 13, 1996, with 257,665 shares 
tendered.  As provided in the Offer, the Company increased the number of 
Shares sought in the Offer by approximately 1.1% of the outstanding 
shares and purchased all 257,665 shares tendered under the Offer.  There 
was no proration of shares.  As a result of the repurchase of shares, 
the Company's capital was reduced by $2,318,985.

    Bank regulatory authorities have established a capital measurement 
tool called "Tier 1" leverage capital.  A 3.00% ratio of Tier 1 capital 
to assets now constitutes the minimum capital standard for banking 
organizations.  At September 30, 1996, the Company's Tier 1 leverage 
capital ratio was 7.87%.  In addition, regulatory authorities have also 
implemented risk-based capital guidelines requiring a minimum ratio of 
Tier 1 capital to risk weighted assets of 4.00% and a minimum ratio of 
total capital to risk-weighted assets of 8.00.  At September 30, 1996 
the Company's Tier 1 and total risk-based capital ratios were 13.73% and 
15.00%, respectively.  Both the Company and the Bank are categorized as 
"well capitalized" under the Federal Deposit Insurance Corporation 
Improvement Act of 1991 (F.D.I.C.I.A.).

    On September 17, 1996, the Company's Board of Directors declared a 
third quarter 1996 cash dividend of $.064 per share of common stock to 
shareholders of record at September 1, 1996, payable on October 15, 1996.

                                  -11-
<PAGE>

Asset/Liability Management
--------------------------

    The Company has an asset/liability management committee which 
oversees all asset/liability activities of the Company.  The committee 
establishes general guidelines each year and meets regularly to review 
the Company's operating results and to make strategic changes when 
necessary.


    It is the Company's general policy to reasonably match the rate 
sensitivity of its assets and liabilities.  A common benchmark of this 
sensitivity is the one year gap position, which is a reflection of the 
difference between the speed and magnitude of rate changes of interest 
rate sensitive liabilities as compared with the Bank's ability to adjust 
the rates of it's interest rate  sensitive assets in response to such 
changes.  The Company's positive cumulative one year gap position at 
September 30, 1996, representing the excess of repricing assets versus 
repricing liabilities within a one year time frame, was 9.8% of total 
assets.








































                                  -12-
<PAGE>
                      PART II - OTHER INFORMATION
                      ---------------------------

Item 5.  OTHER INFORMATION

     On August 15, 1996, the Company implemented an Offer to Purchase up 
     to 222,222 shares of its outstanding common stock at a price of 
     $9.00 per share, as filed with the Commission on Schedule 13E-4.  
     The Offer expired at 5:00 p.m. E.D.T., on September 13, 1996, with 
     257,665 shares tendered.  As provided in the Offer, the Company 
     increased the number of Shares sought in the Offer by approximately 
     1.1% of the outstanding shares and purchased all 257,665 shares 
     tendered under the Offer.  There was no proration of shares.  As a 
     result of the repurchase of shares, the Company's capital was 
     reduced by $2,318,985.

     On September 17, 1996, the Company's Board of Directors declared a 
     third quarter 1996 cash dividend of $.064 per share of common stock 
     to shareholders of record at September 1, 1996, payable on October 
     15, 1996.


Item 6.  EXHIBITS AND REPORTS ON FORM 8-K

(b)  The Company did not file a Form 8-K during the quarter ended 
     September 30, 1996.

































                                  -13-
<PAGE>

                               SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the 
registrant has duly caused this report to be signed on its behalf by the 
undersigned thereunto duly authorized.



                               COMMUNITY BANCORP, INC.
                               -----------------------



Date:  October 30, 1996        By: /s/ James A. Langway
                                  --------------------------
                                  James A. Langway
                                  President & Chief Executive Officer
                                  Principal Executive Officer





Date:  October 30, 1996        By: /s/ Donald R. Hughes, Jr.
                                  --------------------------
                                  Donald R. Hughes, Jr.
                                  Treasurer and Clerk
                                  Principal Financial Officer and
                                    Principal Accounting Officer































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