| 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 (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 | 10 |
| Item                  1B                 | Unresolved                  Staff Comments | 13 |
| 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 | 15 |
| Item                  8                  | Financial Statements                  and Supplementary Data | 15 |
| Item                  9                  | Changes                  in and Disagreements with Accountants on Accounting and Financial                  Disclosures | 16 |
| Item                  9A                 | Controls and                  Procedures | 16 |
| Item                  9B                 | Other                  Information | 16 |
|                                     |   |   |
| PART                  III                |   |   |
|                                     |   |   |
| Item                  10                 | Directors,                  Executive                  Officers and Corporate Governance | 16 |
| 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 | 17 |
| Item                  14                 | Principal                  Accounting Fees and Services | 17 |
| PART                  IV                 |   |   |
|                                     |   |   |
| Item                  15                 | Exhibits                  and Financial                  Statement                  Schedules | 18 |
|                                     | Signatures | 19 |

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Item        1.  The Business

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Table        of Contents

Table        of Contents

Table        of Contents

Item        1A. Risk Factors

Table        of Contents

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Table        of Contents

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Table        of Contents

Item        1B.  Unresolved Staff Comments

Item        2.  Properties

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Table        of Contents

Item        3.  Legal Proceedings

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Table        of Contents

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

|                                      |                                 |                            |                                 | Maximum                               |
|-------------------------------------------|--------------------------------------|---------------------------------|--------------------------------------|---------------------------------------|
|                                      |                                 |                            |                                 | Number                  of Shares     |
|                                      |                                 |                            | Total                  Number of     | That                  May Yet Be      |
|                                      |                                 |                            | Shares                  Purchased    | Purchased                  Under      |
|                                      | Total                  Number of     | Average                  Price  | as                  Part of Publicly | the                  Plan at the      |
| For                  the month ended:     | Shares                  Purchased(1) | Paid                  Per Share | Announced                  Plan(2)   | End                  of the Period(2) |
|                                      |                                 |                            |                                 |                                  |
| October                  1 - October 31   | 3,250                                | $13.50                          | 0                                    | 226,110                               |
| November                  1 - November 30 | 800                                  | $13.35                          | 0                                    | 226,110                               |
| December                  1 - December 31 | 834                                  | $13.70                          | 0                                    | 226,110                               |
|                                      |                                 |                            |                                 |                                  |
|      Total       | 4,884                                | $13.51                          | 0                                    | 226,110                               |
|                                      |                                 |                            |                                 |                                  |
|                                      |                                 |                            |                                 |                                  |

Item        6.  Selected Financial Data

Item        7.  Management's Discussion and Analysis of Financial Condition and        Results of Operation

Item        7A.  Quantitative and Qualitative Disclosures About Market        Risk

Item        8.  Financial Statements and Supplementary Data

Table        of Contents

*et        seq.*

Item        9B.  Other Information

Item        10.  Directors, Executive Officers and Corporate        Governance

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Table        of Contents

Item        13.  Certain Relationships and Related Transactions, and Director        Independence

Item        14.  Principal Accounting Fees and Services

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Table        of Contents

Item        15.  Exhibits and Financial Statement Schedules

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

| BY:                  /s/ Richard C.                  White               |   | Date:  March                  20, 2007 |
|-----------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------|
|    Richard                  C. White, Chairman                                                                                       |   |                                             |
|    and                  Chief Executive Officer                                                                                      |   |                                             |

| BY:                  /s/ Stephen P. Marsh                              |   | Date:  March                  20, 2007 |
|------------------------------------------------------------------------|--------|--------------------------------------------------|
|    Stephen                  P. Marsh, President and COO |   |                                             |
|                                                                   |   |                                             |
| COMMUNITY                  BANCORP. DIRECTORS                          |
|                                                                   |   |                                             |
| /s/                  Thomas E. Adams                                   |   | Date:  March                  20, 2007 |
| Thomas                  E. Adams                                       |   |                                             |
|                                                                   |   |                                             |
| /s/                  Aminta K. Conant                                  |   | Date:  March                  20, 2007 |
| Aminta                  K. Conant                                      |   |                                             |
|                                                                   |   |                                             |
|  /s/                  Jacques R. Couture                          |   | Date:  March                  20, 2007 |
| Jacques                  R. Couture                                    |   |                                             |
|                                                                   |   |                                             |
| /s/                  Elwood G. Duckless                                |   | Date:  March                  20, 2007 |
| Elwood                  G. Duckless                                    |   |                                             |
|                                                                   |   |                                             |
| /s/                  Michael H. Dunn                                   |   | Date:  March                  20, 2007 |
| Michael                  H. Dunn                                       |   |                                             |
|                                                                   |   |                                             |
| /s/                  Rosemary M. Lalime                                |   | Date:  March                  20, 2007 |
| Rosemary                  M. Lalime                                    |   |                                             |
|                                                                   |   |                                             |
| /s/                  Marcel Locke                                      |   | Date:  March                  20, 2007 |
| Marcel                  Locke                                          |   |                                             |
|                                                                   |   |                                             |
| /s/                  Stephen P. Marsh                                  |   | Date:  March                  20, 2007 |
| Stephen                  P. Marsh                                      |   |                                             |
|                                                                   |   |                                             |
| /s/                  Dorothy R. Mitchell                               |   | Date:  March                  20, 2007 |
| Dorothy                  R. Mitchell                                   |   |                                             |
|                                                                   |   |                                             |
| /s/                  Anne T. Moore                                     |   | Date:  March                  20, 2007 |
| Anne                  T. Moore                                         |   |                                             |
|                                                                   |   |                                             |
| /s/                  Dale Wells                                        |   | Date:  March                  20, 2007 |
| Dale                  Wells                                            |   |                                             |
|                                                                   |   |                                             |
| /s/Richard                  C. White                                   |   | Date:  March                  20, 2007 |
| Richard                  C. White                                      |   |                                             |