| Vermont                                                                                                       | 03-0284070                                |
|---------------------------------------------------------------------------------------------------------------|-------------------------------------------|
| (State      of Incorporation)                                                                                 | (IRS      Employer Identification Number) |
| Address      of Principal Executive Offices:  4811 US Route 5, Derby,      Vermont  05829 |

| Title      of Each Class | Name      of each exchange on which registered |
|--------------------------|------------------------------------------------|
| NONE                     | NONE                                           |

| Large      accelerated filer (  ) |                                               | Accelerated      filer (  ) |
|---------------------------------------------|----------------------------------------------------|---------------------------------------|
| Non-accelerated      filer (  )   | (Do      not check if a smaller reporting company) | Smaller      reporting company (X)    |

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| FORM      10-K ANNUAL REPORT |
|------------------------------|
| Table of Contents            |
|                         |   |   |
| PART I                       |   | Page |
|                         |   |   |
| Item      1                  | The      Business | 4 |
| Item      1A                 | Risk      Factors | 12 |
| Item      1B                 | Unresolved Staff      Comments | 12 |
| Item      2                  | Properties | 13 |
| Item      3                  | Legal      Proceedings | 14 |
| Item      4                  | Submission of      Matters to a Vote of Security Holders | 14 |
|                         |   |   |
| PART II                      |   |   |
|                         |   |   |
| Item      5                  | Market for Registrant's Common      Equity, Related Stockholder Matters and Issuer      Purchases |   |
|                         |          of      Equity Securities | 15 |
| Item      6                  | Selected Financial      Data | 15 |
| Item      7                  | Management's Discussion and      Analysis of Financial Condition and Results of      Operation | 15 |
| Item      7A                 | Quantitative and Qualitative      Disclosures About Market Risk | 16 |
| Item      8                  | Financial Statements and      Supplementary Data | 16 |
| Item      9                  | Changes in and Disagreements      with Accountants on Accounting and Financial      Disclosures | 16 |
| Item      9A(T)              | Controls and      Procedures | 16 |
| Item      9B                 | Other      Information | 17 |
|                         |   |   |
| PART III                     |   |   |
|                         |   |   |
| Item      10                 | Directors, Executive Officers      and Corporate Governance | 17 |
| Item      11                 | Executive      Compensation | 17 |
| Item      12                 | Security Ownership of Certain      Beneficial Owners and Management and Related      Stockholder |   |
|                         |    Matters | 17 |
| Item      13                 | Certain Relationships and      Related Transactions, and Director Independence | 18 |
| Item      14                 | Principal Accounting Fees and      Services | 18 |
| PART IV                      |   |   |
|                         |   |   |
| Item      15                 | Exhibits and Financial      Statement Schedules | 18 |
|                         | Signatures | 20 |

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Item1.  The Business

Item1A.  Risk Factors

Item1B.  Unresolved Staff Comments

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Table ofContents

Item3.  Legal Proceedings

Item5.  Market for Registrant's Common Equity, Related Stockholder Mattersand Issuer Purchases of Equity Securities

|                                |   |              |   |   |               |   |   |                     |   |   | Maximum               |   |
|-------------------------------------|--------|-------------------|--------|--------|--------------------|--------|--------|--------------------------|--------|--------|-----------------------|--------|
|                                |   |              |   |   |               |   |   |                     |   |   | Number      of Shares |   |
|                                |   |              |   |   |               |   |   | Total      Number of     |   |   | That      May Yet Be  |   |
|                                |   | Total      Number |   |   |               |   |   | Shares      Purchased    |   |   | Purchased      Under  |   |
|                                |   | of      Shares    |   |   | Average      Price |   |   | as      Part of Publicly |   |   | the      Plan at the  |   |
| For the month ended:                |   | Purchased(1)(2)   |   |   | Paid Per Share     |   |   | Announced Plan(3)        |   |   | End of the Period(3)  |   |
|                                |   |              |   |   |               |   |   |                     |   |   |                  |   |
| October      1 - October 31         |   |              | 0      |   |               | $      | 0      |                     |   |   | N/A                   |   |   |   | N/A |   |
| November      1 - November 30       |   |              | 13,400 |   |               | $      | 10.50  |                     |   |   | N/A                   |   |   |   | N/A |   |
| December      1 - December 31       |   |              | 0      |   |               | $      | 0      |                     |   |   | N/A                   |   |   |   | N/A |   |
|      Total |   |              | 13,400 |   |               | $      | 10.50  |                     |   |   | N/A                   |   |   |   | N/A |   |

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Table ofContents

Item6.  Selected Financial Data

Item7.  Management's Discussion and Analysis of Financial Condition andResults of Operation

Item8.  Financial Statements and SupplementaryData

Item9.  Changes in and Disagreements with Accountants on Accounting andFinancial Disclosure

Item9A(T).  Controls and Procedures

Item9B.  Other Information

Item10.  Directors, Executive Officers and CorporateGovernance

Item11.  Executive Compensation

Item12.  Security Ownership of Certain Beneficial Owners and Managementand Related Stockholder Matters

Item13.  Certain Relationships and Related Transactions, and DirectorIndependence

Item15.  Exhibits and Financial StatementSchedules

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Table ofContents

** Exhibit 12 (Statement re Computation of Ratios) is omitted inaccordance with the regulatory relief available to smaller reporting companiesin SEC Release Nos. 33-8876 and 34-56994 (effective February 4,2008).

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Table ofContents

| COMMUNITY      BANCORP. |
|-------------------------|

| BY: /s/ Stephen P.      Marsh               |   | Date:  March      27, 2009 |
|------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------|
|    Stephen      P. Marsh, President                                                                     |   |                                 |
|    and      Chief Executive Officer                                                                     |   |                                 |

| BY: /s/ Stephen P. Marsh                                   |   | Date:  March      27, 2009 |
|------------------------------------------------------------|--------|--------------------------------------|
|    Stephen      P. Marsh, President and CEO |   |                                 |
|                                                       |   |                                 |
| COMMUNITY      BANCORP. DIRECTORS                          |
|                                                       |   |                                 |
|  /s/ Thomas E. Adams                                  |   | Date:  March      27, 2009 |
| Thomas      E. Adams                                       |   |                                 |
|                                                       |   |                                 |
|  /s/ Charles W. Bucknam,      Jr.                     |   | Date:  March      27, 2009 |
| Charles      W. Buckman, Jr.                               |   |                                 |
|                                                       |   |                                 |
|  /s/ Aminta K. Conant                                 |   | Date:  March      27, 2009 |
| Aminta      K. Conant                                      |   |                                 |
|                                                       |   |                                 |
|  /s/ Jacques R. Couture                               |   | Date:  March      27, 2009 |
| Jacques      R. Couture                                    |   |                                 |
|                                                       |   |                                 |
|  /s/ Elwood G.Duckless                                |   | Date:  March      27, 2009 |
| Elwood      G. Duckless                                    |   |                                 |
|                                                       |   |                                 |
|  /s/ Rosemary M.Lalime                                |   | Date:  March      27, 2009 |
| Rosemary      M. Lalime                                    |   |                                 |
|                                                       |   |                                 |
|  /s/ Marcel Locke                                     |   | Date:  March      27, 2009 |
| Marcel      Locke                                          |   |                                 |
|                                                       |   |                                 |
|  /s/ Stephen P. Marsh                                 |   | Date:  March      27, 2009 |
| Stephen      P. Marsh                                      |   |                                 |
|                                                       |   |                                 |
|  /s/ Dorothy R.    Mitchell                           |   | Date:  March      27, 2009 |
| Dorothy      R. Mitchell                                   |   |                                 |
|                                                       |   |                                 |
|  /s/ Anne T. Moore                                    |   | Date:  March      27, 2009 |
| Anne      T. Moore                                         |   |                                 |
|                                                       |   |                                 |
|  /s/ Peter J. Murphy                                  |   | Date:  March      27, 2009 |
| Peter      J. Murphy                                       |   |                                 |
|                                                       |   |                                 |
| /s/Richard C. White                                        |   | Date:  March      27, 2009 |
| Richard      C. White                                      |   |                                 |