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 MARCH 31, 1999




                       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 - (978)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
                     2,944,588 shares outstanding
                         as of April 30, 1999



<PAGE>
<TABLE>
                       PART I - FINANCIAL INFORMATION

                           COMMUNITY BANCORP, INC.
Item 1.                  CONSOLIDATED BALANCE SHEETS
<CAPTION>
                                                 March 31,     December 31,
                                                   1999            1998
                                               -----------     -----------
<S>                                           <C>             <C>
ASSETS
Cash and due from banks                       $ 16,133,820    $ 17,601,043
Federal funds sold                              10,500,000      17,000,000
Securities available for sale, at market        27,797,561      31,685,402
Securities held to maturity (market value
  $86,797,063 at 3/31/99 and $87,832,432        
  at 12/31/98)                                  86,397,626      87,058,589
Mortgage loans held for sale                       858,815       1,330,278

Loans                                          150,406,979     140,223,942
Less allowance for possible loan losses          3,007,567       2,981,012
                                               -----------     -----------
       Total net loans                         147,399,412     137,242,930

Premises and equipment, net                      5,868,465       5,576,789
Other assets, net                                3,765,806       3,391,800
                                               -----------     -----------
                Total assets                  $298,721,505    $300,886,831
                                               ===========     ===========

LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities:
 Deposits
   Noninterest bearing                        $ 57,260,177    $ 60,511,257
   Interest bearing                            191,081,264     193,897,478
                                               -----------     -----------
       Total deposits                          248,341,441     254,408,735
                                               -----------     -----------
 Federal funds purchased and securities
   sold under repurchase agreements             22,198,794      19,747,496
 Other liabilities                               2,001,321       1,265,351
                                               -----------     -----------
            Total liabilities                  272,541,556     275,421,582
                                               -----------     -----------
Stockholders' equity:
 Preferred stock, $2.50 par value, 100,000
   shares authorized, none issued or outstanding
 Common stock, $2.50 par value, 12,000,000
   shares authorized, 3,199,218 shares issued,
   2,944,588 shares outstanding                  7,998,045       7,998,045
 Surplus                                           524,106         524,106
 Undivided profits                              20,000,335      19,274,861
 Treasury stock, at cost, 254,630 shares        (2,364,573)     (2,364,573)
 Accumulated other comprehensive income             22,036          32,810
                                               -----------     -----------
            Total stockholders' equity          26,179,949      25,465,249
                                               -----------     -----------
                Total liabilities and
                    stockholders' equity      $298,721,505    $300,886,831
                                               ===========     ===========

<FN>
                            See accompanying notes.

</TABLE>


                                     -2-
<PAGE>
<TABLE>

                           COMMUNITY BANCORP, INC.
                      CONSOLIDATED STATEMENTS OF INCOME
<CAPTION>
                                                    Three months ended
                                                         March 31,
                                                 -------------------------
                                                    1999            1998
                                                 ---------       ---------
<S>                                             <C>             <C>
Interest income:
  Interest and fees on loans                    $3,249,967      $3,346,892
  Interest and dividends on securities:
    Taxable interest                             1,566,776       1,277,759
    Nontaxable interest                            135,497          94,967
    Dividends                                       19,126          16,670
  Interest on federal funds sold                   114,713         184,891
                                                 ---------       ---------
    Total interest income                        5,086,079       4,921,179
                                                 ---------       ---------
Interest expense:
  Interest on deposits                           1,574,062       1,609,620
  Interest on short term borrowings                228,755         196,154
                                                 ---------       ---------
    Total interest expense                       1,802,817       1,805,774
                                                 ---------       ---------

Net interest income                              3,283,262       3,115,405
                                                 ---------       ---------
Provision for possible loan losses                       0               0
                                                 ---------       ---------
Net interest income after provision
  for possible loan losses                       3,283,262       3,115,405
                                                 ---------       ---------
Noninterest income:
  Merchant credit card assessments                 312,742         304,205
  Service charges                                  145,340         148,178
  Other charges, commissions and fees              298,132         267,187
  Gains on sales of loans, net                      39,381          42,728
  Gains on sales of securities, net                      0               0
  Other                                             21,842          20,303
                                                 ---------       ---------  
    Total noninterest income                       817,437         782,601
                                                 ---------       ---------
Noninterest expense:
  Salaries and employee benefits                 1,313,388       1,261,079
  Data processing                                  151,546         148,657
  Occupancy, net                                   176,052         144,565
  Furniture and equipment                           91,030         116,987
  Credit card processing                           268,525         242,906
  Printing, stationery and supplies                 64,703          72,495
  Marketing and advertising                         85,920          47,574
  Other                                            416,754         402,866
                                                 ---------       ---------
    Total noninterest expense                    2,567,918       2,437,129
                                                 ---------       ---------
Income before income taxes                       1,532,781       1,460,877
Income taxes                                       551,127         540,281
                                                 ---------       ---------
Net income                                      $  981,654      $  920,596
                                                 =========       =========

Earnings per common share                       $     .333      $     .315

Dividends per share                             $     .087      $     .077

Weighted average number of shares                2,944,588       2,926,257

<FN>
                            See accompanying notes.
</TABLE>

                                    -3-
<PAGE>
<TABLE>

                            COMMUNITY BANCORP, INC.
                CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
<CAPTION>
                                                      Three months ended
                                                           March 31,
                                                  ------------------------
                                                     1999           1998
                                                  ---------      ---------
<S>                                              <C>            <C>
Net income                                       $  981,654     $  920,596
Other comprehensive income:
  Unrealized securities (losses) gains
   arising during period                            (18,239)         9,379
  Income tax benefit (expense) on securities
   (losses) gains arising during period               7,465         (3,967)
                                                  ---------      ---------
  Net unrealized securities (losses)
   gains arising during period                      (10,774)         5,412
                                                  ---------      ---------
  Less:  reclassification adjustment for
   securities (gains) losses included in income           0              0
  Income tax expense (benefit) on securities
    (gains) losses included in income                     0              0
                                                  ---------      --------- 
  Net reclassification adjustments for
   securities (gains) losses included in 
   net income                                             0              0
                                                  ---------      --------- 
Other comprehensive income                          (10,774)         5,412
                                                  ---------      ---------
Comprehensive income                             $  970,880     $  926,008
                                                  =========      ========= 
<FN>
                         See accompanying notes.
</TABLE>

                                 -4-
<PAGE>
<TABLE>

                        COMMUNITY BANCORP, INC.
                 CONSOLIDATED STATEMENTS OF CASH FLOWS
<CAPTION>
                                                     Three months ended
                                                          March 31,
                                                 -------------------------
                                                    1999           1998
                                                 ----------     ----------
<S>                                             <C>            <C>
Cash flows from operating activities:
  Net income                                    $   981,654    $   920,596
  Adjustments to reconcile net income
    to net cash provided by operating
    activities:
      Decrease (increase) in mortgage loans
        held for sale                               471,463     (3,286,282)
      Premium on sale of mortgages                   37,371         65,887
      Depreciation and amortization                 205,677        205,297
      Increase (decrease) in other liabilities      306,083        (36,776)
      Increase in taxes payable                     445,304        286,302
      Increase (decrease) in interest payable        47,193        (11,603)
      (Increase) decrease in other assets          (348,866)        16,973
      (Increase) in interest receivable             (62,501)       (25,120)
                                                 ----------     ----------
         Total adjustments                        1,101,724     (2,785,322)
                                                 ----------     ----------
Net cash (used in) provided by operating
  activities                                    $ 2,083,378    $(1,864,726)
                                                 ==========     ==========
Cash flows from investing activities:
  Maturities and principal repayments of
    securities available for sale                 4,040,745      2,196,057
  Maturities and principal repayments of
    securities held to maturity                  11,101,064      9,163,728
  Purchases of securities available for sale       (171,400)       (84,600)
  Purchases of securities held to maturity      (10,440,102)   (13,831,005)
  Net change in federal funds sold                6,500,000     (1,000,000)
  Net change in loans and other real estate
    owned                                       (10,217,258)     2,917,016
  Acquisition of property, plant and equipment     (497,354)      (360,142)
                                                 ----------     ----------
Net cash provided by (used in) investing
  activities                                        315,695       (998,946)
                                                 ----------     ----------

Cash flows from financing activities:
  Net change in deposits                         (6,067,293)     3,619,853
  Net change in federal funds purchased                   0     (3,000,000)
  Net change in repurchase agreements             2,451,298      5,007,874
  Dividends paid                                   (250,301)      (219,469)
                                                 ----------     ----------
Net cash (used in) provided by financing
  activities                                     (3,866,296)     5,408,258
                                                 ----------     ----------
Net (decrease) increase in cash and
  due from banks                                 (1,467,223)     2,544,586
                                                 ----------     ----------
Cash and due from banks at beginning
  of period                                      17,601,043     16,704,667
                                                 ----------     ----------
Cash and due from banks at end of period        $16,133,820    $19,249,253
                                                 ==========     ==========
<FN>
                            See accompanying notes.
</TABLE>
                     
                                     -5-
<PAGE>

                            COMMUNITY BANCORP, INC.

                 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                               MARCH 31, 1999
________________________________________________________________________

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, 1998. 


2.  EARNINGS PER SHARE

The Company adopted Financial Accounting Standards Board Statement 
No. 128, "Earnings Per Share" (SFAS No. 128), effective December 31, 
1997.  This Statement requires the presentation of "basic" earnings 
per share, which excludes the effect of dilution, and "diluted" 
earnings per share, which includes the effect of dilution.  The 
Company's "basic" and "diluted" earnings per share computations are 
identical in the periods presented, as there is no dilution effect.  
Earnings per share is based on the weighted average number of shares 
outstanding during the period.


3.  COMPREHENSIVE INCOME

The Company adopted Financial Accounting Standards Board Statement 
No. 130, "Reporting Comprehensive Income" (SFAS No. 130), effective 
January 1, 1998.  Components of comprehensive income are net income 
and all other non-owner changes in equity.  The Statement requires 
that an enterprise (a) classify items of other comprehensive income 
by their nature in a financial statement and (b) display the 
accumulated balance of other comprehensive income separately from 
retained earnings and additional paid-in capital in the equity 
section of a statement of financial position.  Reclassification of 
financial statements for earlier periods provided for comparative 
purposes is required.  The Company has chosen to disclose 
comprehensive income in the Consolidated Statements of Comprehensive 
Income.  Prior year data has been restated to conform to the 
requirements of SFAS No. 130.



                                -6-
<PAGE>

4.  OPERATING SEGMENTS

The Company adopted Financial Accounting Standards Board Statement 
No. 131, "Disclosures About Segments of an Enterprise and Related 
Information" (SFAS No. 131), during 1998.  SFAS No. 131 established 
standards for reporting information about operating segments in 
annual financial statements and requires selected information about 
operating segments in interim financial reports issued to the  
stockholders.  It also established standards for related disclosures 
about products and services, and geographic areas.  Operating 
segments are defined as components of an enterprise about which 
separate financial information is available that is evaluated 
regularly by the chief operating decision-maker, or decision making 
group, in deciding how to allocate resources and in assessing 
performance.

The Company has one reportable segment: community banking. At 
present, the Company conducts no activities independent of the Bank.  
The Bank is engaged in substantially all of the business operations 
customarily conducted by an independent commercial bank in 
Massachusetts.  Banking services offered include acceptance of 
checking, savings and time deposits, and the making of consumer, 
commercial, real estate and other loans.  The Bank also offers 
official checks, traveler's checks, safe deposit boxes, electronic 
banking and bill payment services and other customary banking 
services to its customers.


5.  RECLASSIFICATIONS

Certain amounts in the prior period's financial statements have been 
reclassified to be consistent with the current period's presentation.  
The reclassifications have no effect on net income.


                                 -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 $981,654 for the three months ended 
March 31, 1999, representing an increase of $61,058 or 6.6% over $920,596 
for the same period in 1998.  Earnings per share of $.333 for the current 
period represented an increase of $.018 from $.315 for the three months 
ended March 31, 1998.

The improvement in net income resulted primarily from an increase in net 
interest income and noninterest income, partially offset by increases in 
salaries and benefits, data processing, occupancy, credit card 
processing, marketing and advertising and other expense.

Deposits of $248,341,441 at March 31, 1999 decreased by $6,067,294 or 
2.4% from $254,408,735 at December 31, 1998.  The decrease in deposits 
occurred in several interest- and noninterest-bearing categories, and was 
partially offset by increases in money market deposit accounts and 
certificates of deposit.  The decrease in deposits was partially offset 
by a $2,451,298 increase in repurchase agreements during the period

Loans of $150,406,979 at March 31, 1999 increased by $10,183,037 or 7.3% 
from $140,223,942 at December 31, 1998.  This growth was concentrated in 
the commercial, residential mortgage and home equity loan categories.  
Noncurrent loans (nonaccrual loans and loans 90 days or more past due but 
still accruing) totaled $1,223,393 and $913,151 at March 31, 1999 and 
December 31, 1998, respectively.  There were no accruing troubled debt 
restructurings at March 31, 1999 or December 31, 1998.

Assets of $298,721,505 at March 31, 1999 represented a $2,165,326 or .7% 
decrease from $300,886,831 at December 31, 1998.

             Three months ended March 31, 1999 as Compared To
                    Three months ended March 31, 1998
             ------------------------------------------------

Net Interest Income

Interest income for the three months ended March 31, 1999 was $5,086,079, 
representing an increase of $164,900 or 3.4% from $4,921,179 for the 
three months ended March 31, 1998, primarily due to higher loan and 
securities balances in 1999.  Interest expense was $1,802,817, virtually 
unchanged from $1,805,774 for the three months ended March 31, 1998.  Net 
interest income for the three months ended March 31, 1999 was $3,283,262, 
representing an increase of $167,857 or 5.4% from $3,115,405 for the 
three months ended March 31, 1998.

Noninterest Income and Expense

Noninterest income for the three months ended March 31, 1999 was 
$817,437, representing an increase of $34,836 or 4.5% from $782,601 for 
the three months ended March 31, 1998.  This increase was primarily the 
result of increases in merchant credit card assessments, other charges, 
commissions and fees and other income, partially offset by a reduction in 
service charges and gains on sales of loans.


                                -8-
<PAGE>

Noninterest expense for the three months ended March 31, 1999 of 
$2,567,918 was up $130,789 or 5.4% from $2,437,129 for the same period in 
1998.  This increase was primarily the result of increases in salaries 
and employee benefits, data processing, occupancy, credit card 
processing, marketing and advertising and other expense, partially offset 
by reductions in furniture and equipment and printing, stationery and 
supplies.

Provision for Loan Losses

There was no provision for loan losses for the three months ended March 
31, 1999 or 1998, reflecting 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 $551,127 for the three months ended March 31, 1999 
compared to $540,281 for the same period in 1998, the result of an 
increase in taxable income during the current period.

Net Income

Net income of $981,654 for the first three months of 1999 represented an 
increase of $61,058 or 6.6% from $920,596 recorded for the first three 
months of 1998.  Earnings per share of $.333 for the current period 
represented an increase of $.018 from $.315 for the three months ended 
March 31, 1998.

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 
judgments regarding the type of loan, economic conditions and trends, 
potential exposure to loss and other factors.  While the Company achieved 
total loan growth of $10,183,037 or 7.3% during the quarter ended March 
31, 1999, there were no significant changes in loan concentrations, loan 
quality or loan terms during the period.  Estimation methods and 
assumptions affecting the allowance remained unchanged from the prior 
quarter.  There was no significant reallocation of the allowance among 
the various segments of the portfolio.  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 March 31, 1999, the balance in the 
allowance was $3,007,567 representing 245% of noncurrent loans, compared 
to $2,981,012 or 326% of noncurrent loans at December 31, 1998.

Securities

The Company's securities portfolio consists of obligations of the U.S. 
Treasury, U.S. government sponsored agencies, mortgage backed securities 

                                -9-
<PAGE>

and obligations of various municipalities.  Those assets are used in part 
to secure public deposits and as collateral for repurchase agreements.
Total securities were $114,195,187 at March 31, 1999, representing a 
decrease of $4,548,804 or 3.8% from $118,743,991 at December 31, 1998.  
At March 31, 1999, $27,797,561 in securities were classified as available 
for sale.  There were no sales of securities during the three months 
ended March 31, 1999.

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 March 31, 1999 and 
1998, deposits were $248.3 and $236.4 million, respectively.  Management 
anticipates that deposits will grow moderately during the remainder of 
1999.

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.

Bank regulatory authorities have established a capital measurement tool 
called "Tier 1" leverage capital.  A 4.00% ratio of Tier 1 capital to 
assets now constitutes the minimum capital standard for most banking 
organizations.  At March 31, 1999, the Company's Tier 1 leverage capital 
ratio was 8.75%.  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 March 31, 1999 the Company's Tier 1 and 
total risk-based capital ratios were 15.55% and 16.81%, respectively.  
The Bank is categorized as "well capitalized" under the Federal Deposit 
Insurance Corporation Improvement Act of 1991 (F.D.I.C.I.A.).

On March 16, 1999, the Company's Board of Directors declared a first 
quarter 1999 cash dividend of $.087 per share of common stock to 
shareholders of record at March 1, 1999, payable on April 15, 1999.

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 negative one-year cumulative gap position at 
March 31, 1999, representing the excess of repricing liabilities versus 
repricing assets within a one year time frame, was 6.2% expressed as a 
percentage of total assets.


                                 -10-
<PAGE>

Year 2000

The following Year 2000 statements constitute a Year 2000 Readiness 
Disclosure within the meaning of the Year 2000 Information and Readiness 
Disclosure Act of 1998.  

The Company, like most users of computers, computer software, and 
equipment utilizing embedded microcontrollers, may be affected by the 
Year 2000 date change.  The Company recognized the importance of this 
issue in 1996 and formally established an internal Year 2000 Committee in 
1997, chaired by a member of the Company's senior management team, to 
assess all systems to ensure that they will function properly.  This 
process involves five separate phases: awareness, assessment, renovation, 
validation and implementation.

The Company's Year 2000 Committee established a schedule specifying the
completion dates for each of the process's five phases.  During 1997,
the Committee completed the systems assessment phase, identifying each
internal system that could potentially be affected by the Year 2000 
issue.  Those systems were then designated as either mission-critical or 
non- mission-critical.  Mission-critical systems were defined by the 
Company as being vital to the successful continuance of core business 
activities.  The Company determined that its only mission-critical system 
is its mainframe data processing system.  The mainframe system has been 
certified by its respective hardware and software vendors as being Year 
2000 compliant.  In addition, the Company contracted with a qualified 
consulting firm to independently test the mainframe system for Year 2000 
compatibility.  That testing has verified that the mainframe system is 
Year 2000 compliant.  

For all non-mission-critical systems that could be affected by the Year 
2000 issue, action plans were designed which set forth the process for 
determining whether or not those systems are compliant.  Those
determinations involve obtaining compliance certifications from vendors 
whenever possible and by validation testing conducted by the Company.  A 
similar procedure was followed for external systems and services the bank 
obtains from third parties.  Testing of those third party systems for 
Year 2000 compliance began during fourth quarter of 1998 and was 
completed during the first quarter of 1999. 

When the results of the Company's validation testing have revealed that a
particular system or service was not Year 2000 compliant, a specific
deadline has been established by which time that system or service must 
be brought into compliance.  Contingency plans were formulated to either 
upgrade such systems in order to meet Year 2000 compliance requirements, 
replace them with systems that are certified as compliant, or establish 
alternative processing arrangements.  Those contingency plans document 
the action the Company will take for each such non-compliant system.  At 
March 31, 1999, the Company was in the final or "implementation" phase of 
this process.

In certain cases, however, such as the potential loss of electrical power
or telecommunications services due to Year 2000 problems, testing by the
Company is either not practical or not possible.  In those cases,  
detailed contingency plans have been designed that specify how the 
Company will deal with each such potential situation.

The Year 2000 issue presents several potential risks to the Company.  The
banking transactions of the Company's customers are processed by its

                                 -11-
<PAGE>

internal mainframe data processing system.  The failure of that system to
function as a result of the millennium date change could result in the
Company's inability to process customer transactions in the usual manner.
In that event, the Company could potentially lose customers to other 
financial institutions, resulting in a loss of revenue.  A number of the 
Company's borrowers utilize computers and computer software to varying 
degrees in conjunction with the operation of their businesses.  The 
customers and suppliers of those businesses may utilize computers as 
well.  Should the Company's borrowers, or the businesses on which they 
depend, experience Year 2000 related computer problems, such borrowers' 
cash flow could be disrupted, adversely affecting their ability to repay 
their loans with the Company. The Company has assessed its Year 2000 
exposure to credit customers through the use of questionnaires and  
personal interviews.  Management's determination of the potential impact 
the Year 2000 issue could have on those customers' ability to continue 
servicing their debt in a satisfactory manner is factored into the 
Company's credit risk rating system.

Similar problems could affect certain of the Company's business 
depositors, potentially causing interruptions in their cash flow that 
could result in their inability to maintain historical deposit balance 
levels in their accounts.  Such an event could result in the reduction of 
deposit balances available to the Company for loans, investments, etc.  
Concern on the part of some depositors that Year 2000 related problems 
could impair access to their deposit balances following the millennium 
date change could result in the Company experiencing a deposit outflow 
prior to December 31, 1999.  The potential increase in cash requirements 
has been estimated and factored into the Company's analysis of projected 
future liquidity needs.  Also, the Company has made a special arrangement 
with the Federal Home Loan Bank of Boston for a temporary $10,000,000 
loan for the period of November 15, 1999 through March 15, 2000.  This 
loan will provide the Company with additional liquidity sufficient to 
fund any anticipated cash requirements resulting from customers 
withdrawing funds from their deposit accounts.

Certain utility services, such as electrical power and telecommunications
services, could be disrupted if those services experience Year 2000
related problems.  Also, should Year 2000 related problems occur which
cause any of the Company's systems, or the systems of certain third
parties upon which the Company depends, to become inoperative, increased
personnel costs could be incurred if additional staff is required to 
perform functions that the inoperative systems would have otherwise 
performed.  The Company has designed contingency plans to address such 
potential occurrences.  As a nationally chartered financial institution, 
the Company and its subsidiary, Community National Bank, are regulated by 
agencies of the federal government.  Federal bank regulators have 
established specific guidelines and timetables for all nationally 
chartered financial institutions to follow in addressing the Year 2000 
issue.  The Company's Year 2000 contingency plans follow those 
requirements.  As of March 31, 1999, the Company is in compliance with 
all Year 2000 guidelines and timetables mandated by the banking 
regulators, and it is on schedule with its own internal preparedness 
efforts.

The Company believes it is not possible to estimate the potential lost 
revenue due to the Year 2000 issue, as the extent and longevity of such 
potential problems cannot be predicted.  However, the Company believes it 
will be able to modify or replace any affected systems in time to 


                                 -12-
<PAGE>

minimize any detrimental effects on its operations.  A number of Year 
2000 compliant systems have already been installed or are in the process 
of being installed.  The Company's estimated total cost to address the 
Year 2000 issue, including the replacement of computer equipment, 
software programs, and other equipment containing embedded 
microprocessors that were not Year 2000 compliant, is approximately 
$200,000.  Of that amount, a total of approximately $91,800 has been 
incurred to date, $34,300 of which was incurred during the first quarter 
of 1999.  System maintenance or modification costs are being expensed as 
incurred, while the cost of new hardware, software, and other equipment 
will be capitalized and amortized over their useful lives.



                                 -13-
<PAGE>

                      PART II - OTHER INFORMATION


Item 5.  OTHER INFORMATION

     On March 16, 1999, the Company's Board of Directors declared a first 
     quarter 1999 cash dividend of $.087 per share of common stock to 
     shareholders of record at March 1, 1999, payable on April 15, 1999.

     On April 12, 1999, Community National Bank opened its tenth branch 
     office, located at 35 Edgell Road, Framingham, Massachusetts.


Item 6.  EXHIBITS AND REPORTS ON FORM 8-K

(b)  The Company did not file a Form 8-K during the quarter ended March 
     31, 1999.



                                 -14-
<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:  May 5, 1999             By: /s/ James A. Langway
                                   -------------------------
                                   James A. Langway
                                   President & Chief Executive Officer
                                   Principal Executive Officer





Date:  May 5, 1999             By: /s/ Donald R. Hughes, Jr.
                                   -------------------------
                                   Donald R. Hughes, Jr.
                                   Treasurer and Clerk,
                                   Principal Financial Officer and
                                     Principal Accounting Officer



                                -15-
<PAGE>