Document:

EXHIBIT 10.7

AMENDMENT TO

SEVERANCE AGREEMENT

         This Amendment to the Severance Agreement dated April 1, 2005 by and between
Community Bank (the "Bank") and R. Jerry Giles (the "Employee").

         WHEREAS, the parties entered into a Severance Agreement dated April 1, 2000(the
"Agreement"); and 

         WHEREAS, the parties believe that the Agreement is beneficial to both and want to
amend it to extend its term;

         NOW, THEREFORE, in consideration of the premises and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereby agree as follows:

         1.	Section 5 of the Agreement is amended to read as follows:

         "The term of this Agreement shall extend until and end on April 1, 2006, unless further extended
in writing before that date".

         2.	The Agreement remains in full force and effect and is unchanged, except as set forth above.

		COMMUNITY BANK

P. Douglas Richard

President and CEO

Employee

R. Jerry Giles

AMENDMENT TO

SEVERANCE AGREEMENT

         This Amendment to the Severance Agreement dated April 1, 2005 by and between
Community Bank (the "Bank") and Norman c. Smiley (the "Employee").

         WHEREAS, the parties entered into a Severance Agreement dated April 1, 2000 (the "Agreement"); and 

         WHEREAS, the parties believe that the Agreement is beneficial to both and want to
amend it to extend its term;

         NOW, THEREFORE, in consideration of the premises and other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereby
agree as follows:

         1.  Section 5 of the Agreement is amended to read as follows:

         "The term of this Agreement shall extend until and end on April 1, 2006, unless further extended
in writing before that date".

         2.	The Agreement remains in full force and effect and is unchanged, except as set forth
above.

		COMMUNITY BANK

P. Douglas Richard

President and CEO

Employee

Norman C. Smiley

AMENDMENT TO

SEVERANCE AGREEMENT

         This Amendment to the Severance Agreement dated April 1, 2005 by and between
Community Bank (the "Bank") and Benny N. Werner  (the "Employee").

         WHEREAS, the parties entered into a Severance Agreement dated April 1, 2000 (the "Agreement"); and 

         WHEREAS, the parties believe that the Agreement is beneficial to both and want to
amend it to extend its term;

         NOW, THEREFORE, in consideration of the premises and other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereby
agree as follows:

         1.	Section 5 of the Agreement is amended to read as follows:

         "The term of this Agreement shall extend until and end on April 1, 2006 unless further extended
in writing before that date".

         2.	The Agreement remains in full force and effect and is unchanged, except as set forth
above.

		COMMUNITY BANK

P. Douglas Richard

President and CEO

Employee

Benny N. WernerEXHIBIT 10.9

Attached hereto is the Form of First Amendment to the Community Bank Director Retirement Agreement dated March 3, 2004 for Directors Andersen, Cooke, Fairchilds, Hickok, Smith and Trimyer and the individual director' Schedule A to each such agreement.

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FIRST AMENDMENT
TO
THE
COMMUNITY BANK
DIRECTOR RETIREMENT
AGREEMENT
DATED MARCH 3,
2004
FOR

        THIS AMENDMENT is adopted
this ________ day of __________________, 2005, by and between COMMUNITY BANK, a
savings association located in Staunton, Virginia (the "Company") and
____________________ (the "Director")

        On March 3, 2004, the Company
and the Director executed the COMMUNITY BANK DIRECTOR RETIREMENT AGREEMENT (the
"Agreement").

        The undersigned hereby
amends, in part, said Agreement for the purpose of (1) adding a Change in
Control Benefit, and (2) revising the Early Termination benefit.
Therefore,

        Article 1 of the
Agreement shall be amended by adding to it the definition of Change in Control
as follows:

"Change in Control" means a change in the ownership or effective
control of the Company, or in the ownership of a substantial portion of the
assets of the Company, as such change is defined in Section 409A of the Code and
regulations there under.

        Article 1 of the
Agreement shall be amended by deleting the definition of Early Termination in
its entirety and replacing it by the new definition of Early Termination as
follows:

"Early Termination" means the Termination of Service before Normal
Retirement Age for reasons other than death, Disability, Termination for Cause
or following a Change in Control.

        Section 2.2.1 of
the Agreement shall be deleted in its entirety and replaced by the new Section
2.2.1 as follows:

		2.2.1	Amount of Benefit. The annual benefit under this Section 2.2 is
      the Early Termination amount set forth on Schedule A for the Plan Year
      ending immediately prior to the Early Termination
Date.

        Section 2.4 shall
be added to the Agreement as follows:

	2.4	Change in Control Benefit. Upon Termination of Service prior to
      the Normal Retirement Age and following a Change in Control, the Company
      shall pay to the Director the benefit described in this Section 2.4 in
      lieu of any other benefit under this Article.

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	2.4.1	Amount of Benefit. The annual benefit under this Section 2.4 is
      the sum of $10,800 plus interest compounded at 3% annually for each Plan
      Year completed prior to the date of Termination of
Service.

	2.4.2	Payment of Benefit. The Company shall pay the annual benefit to
      the Director in twelve (12) equal monthly installments commencing on the
      first day of the month following the Director's Normal Retirement Date.
      The annual benefit shall be paid to the Director for five (5)
  years.

        Schedule A to the
Agreement shall be amended in its entirety and replaced with the new Schedule A
attached to this Amendment.

        IN WITNESS OF THE
ABOVE, the Director and the Company have agreed to this First
Amendment.

	DIRECTOR:	COMPANY:

COMMUNITY BANK

	___________________________________
DIRECTOR	By___________________________________

Its
      __________________________________

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Community
Bank
Schedule A

	Charles F. Andersen Birth
      Date: 4/18/1942
Plan Anniversary Date:
      1/1/2005
Normal Retirement: 4/18/2012, Age
      70
Normal Retirement Payment: Monthly for 5
    years		Early
      Termination

Monthly Installments Payable at Normal
      Retirement Date for 5 Years	Disability

Monthly Installments
      Payable
at Termination for 5 Years	Change of
      Control

Monthly Installments Payable
at Normal
      Retirement Date
for 5 Years	PreRetirement
Death
Monthly
Installments
      for
Years
	Period
Ending	Discount
Rate	Benefit
Level
(1)	Accrual
(2)	Vesting
(3)	Based on
Accrual
(4)	Vesting
(5)	Based on
Benefit
(6)	Vesting
(7)	Based on
Benefit
(8)	Based on
Benefit
(9)
	Dec 20041	7.00%	10,800 	4,189 	100%	1,651	100%	10,800 	0%	0 	10,800 
	Dec 2005	7.00%	11,124 	8,829 	100%	3,245 	100%	11,124 	0%	0 	11,124 
	Dec 2006	7.00%	11,458 	13,988 	100%	4,795 	100%	11,458 	100%	11,458 	11,458 
	Dec 2007	7.00%	11,801 	19,753 	100%	6,315 	100%	11,801 	100%	11,801 	11,801 
	Dec 2008	7.00%	12,155 	26,242 	100%	7,823 	100%	12,155 	100%	12,155 	12,155 
	Dec 2009	7.00%	12,520 	33,626 	100%	9,349 	100%	12,520 	100%	12,520 	12,520 
	Dec 2010	7.00%	12,896 	42,194 	100%	10,940 	100%	12,896 	100%	12,896 	12,896 
	Dec 2011	7.00%	13,283 	52,595 	100%	12,717 	100%	13,283 	100%	13,283 	13,283 
	Apr 2012	7.00%	13,681 	57,913 	100%	13,681 	100%	13,681 	100%	13,681 	13,681 
	

April 18, 2012 Retirement; May 1, 2012 First Payment
Date

1 The first line reflects 12
months of data, January 2004 to December 2004.
2 Benefit amount based on a $10,800
beginning benefit, inflating at 3.00% each year to $13,681 at
retirement.
* IF THERE IS A
CONFLICT IN ANY TERMS OR PROVISIONS BETWEEN THIS SCHEDULE A AND THE AGREEMENT,
THE TERMS AND PROVISIONS OF THE 
  AGREEMENT SHALL PREVAIL. IF A
TRIGGERING EVENT OCCURS, REFER TO THE AGREEMENT TO DETERMINE THE ACTUAL BENEFIT
AMOUNT
  BASED ON THE DATE OF THE EVENT.

	Director Retirement Plan
      for Community Bank - Staunton, VA
1002525
      v0.35.10 06/07/2005:16 SCP-D 13039
136471 
    		
          Charles
      F. Andersen

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Community
Bank
Schedule A

	James R. Cooke, Jr. Birth
      Date: 12/31/1937
Plan Anniversary Date:
      1/1/2005
Normal Retirement: 12/3/2007, Age
      70
Normal Retirement Payment: Monthly for 5
    years		Early
      Termination

Monthly Installments Payable at Normal
      Retirement Date for 5 Years	Disability

Monthly Installments
      Payable
at Termination for 5 Years	Change of
      Control

Monthly Installments Payable
at Normal
      Retirement Date
for 5 Years	PreRetirement
Death
Monthly
Installments
      for
Years
	Period
Ending	Discount
Rate	Benefit
Level
(1)	Accrual
(2)	Vesting
(3)	Based on
Accrual
(4)	Vesting
(5)	Based on
Benefit
(6)	Vesting
(7)	Based on
Benefit
(8)	Based on
Benefit
(9)
	Dec 20041	7.00%	10,800 	10,262 	100%	2,989	100%	10,800 	0%	0 	10,800 
	Dec 2005	7.00%	11,124 	21,691 	100%	5,892 	100%	11,124 	0%	0 	11,124 
	Dec 2006	7.00%	11,458 	34,629 	100%	8,772 	100%	11,458 	100%	11,458 	11,458 
	Dec 2007	7.00%	11,801 	49,956 	100%	11,801 	100%	11,801 	100%	11,801 	11,801 
	

December 3, 2007 Retirement; January 1, 2008 First Payment
Date

1 The first line reflects 12
months of data, January 2004 to December 2004.
2 Benefit amount based on a $10,800
beginning benefit, inflating at 3.00% each year to $11,801 at
retirement.
* IF THERE IS A
CONFLICT IN ANY TERMS OR PROVISIONS BETWEEN THIS SCHEDULE A AND THE AGREEMENT,
THE TERMS AND PROVISIONS OF THE 
  AGREEMENT SHALL PREVAIL. IF A
TRIGGERING EVENT OCCURS, REFER TO THE AGREEMENT TO DETERMINE THE ACTUAL BENEFIT
AMOUNT
  BASED ON THE DATE OF THE EVENT.

	Director Retirement Plan
      for Community Bank - Staunton, VA
1002525
      v0.35.10 06/07/2005:16 SCP-D 13039
136472 
    		
          James
      R. Cooke, Jr.

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Community
Bank
Schedule A

	Charles W. Fairchilds
      Birth Date: 3/18/1948
Plan Anniversary Date:
      1/1/2005
Normal Retirement: 3/18/2018, Age
      70
Normal Retirement Payment: Monthly for 5
    years		Early
      Termination

Monthly Installments Payable at Normal
      Retirement Date for 5 Years	Disability

Monthly Installments
      Payable
at Termination for 5 Years	Change of
      Control

Monthly Installments Payable
at Normal
      Retirement Date
for 5 Years	PreRetirement
Death
Monthly
Installments
      for
Years
	Period
Ending	Discount
Rate	Benefit
Level
(1)	Accrual
(2)	Vesting
(3)	Based on
Accrual
(4)	Vesting
(5)	Based on
Benefit
(6)	Vesting
(7)	Based on
Benefit
(8)	Based on
Benefit
(9)
	Dec 20041	7.00%	10,800 	1,940 	100%	1,155	100%	10,800 	0%	0 	10,800 
	Dec 2005	7.00%	11,124 	4,085 	100%	2,269 	100%	11,124 	0%	0 	11,124 
	Dec 2006	7.00%	11,458 	6,461 	100%	3,347 	100%	11,458 	100%	11,458 	11,458 
	Dec 2007	7.00%	11,801 	9,097 	100%	4,395 	100%	11,801 	100%	11,801 	11,801 
	Dec 2008	7.00%	12,155 	12,027 	100%	5,419 	100%	12,155 	100%	12,155 	12,155 
	Dec 2009	7.00%	12,520 	15,292 	100%	6,425 	100%	12,520 	100%	12,520 	12,520 
	Dec 2010	7.00%	12,896 	18,941 	100%	7,422 	100%	12,896 	100%	12,896 	12,896 
	Dec 2011	7.00%	13,283 	23,033 	100%	8,417 	100%	13,283 	100%	13,283 	13,283 
	Dec 2012	7.00%	13,681 	27,643 	100%	9,421 	100%	13,681 	100%	13,681 	13,681 
	Dec 2013	7.00%	14,092 	32,871 	100%	10,447 	100%	14,092 	100%	14,092 	14,092 
	Dec 2014	7.00%	14,514 	38,852 	100%	11,515 	100%	14,514 	100%	14,514 	14,514 
	Dec 2015	7.00%	14,950 	45,788 	100%	12,656 	100%	14,950 	100%	14,950 	14,950 
	Dec 2016	7.00%	15,398 	54,033 	100%	13,928 	100%	15,398 	100%	15,398 	15,398 
	Dec 2017	7.00%	15,860 	64,424 	100%	15,487 	100%	15,860 	100%	15,860 	15,860 
	Mar 2018	7.00%	16,336 	69,151 	100%	16,336 	100%	16,336 	100%	16,336 	16,336 
	

March 18, 2018 Retirement; April 1, 2018 First Payment
Date

1 The first line reflects 12
months of data, January 2004 to December 2004.
2 Benefit amount based on a $10,800
beginning benefit, inflating at 3.00% each year to $16,336 at
retirement.
* IF THERE IS A
CONFLICT IN ANY TERMS OR PROVISIONS BETWEEN THIS SCHEDULE A AND THE AGREEMENT,
THE TERMS AND PROVISIONS OF THE 
  AGREEMENT SHALL PREVAIL. IF A
TRIGGERING EVENT OCCURS, REFER TO THE AGREEMENT TO DETERMINE THE ACTUAL BENEFIT
AMOUNT
  BASED ON THE DATE OF THE EVENT.

	Director Retirement Plan
      for Community Bank - Staunton, VA
1002525
      v0.35.10 06/07/2005:16 SCP-D 13039
136465 
    		
          Charles
      W. Fairchilds

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Community
Bank
Schedule A

	Jane C. Hickok Birth
      Date: 10/17/1936
Plan Anniversary Date:
      1/1/2005
Normal Retirement: 10/17/2006, Age
      70
Normal Retirement Payment: Monthly for 5
    years		Early
      Termination

Monthly Installments Payable at Normal
      Retirement Date for 5 Years	Disability

Monthly Installments
      Payable
at Termination for 5 Years	Change of
      Control

Monthly Installments Payable
at Normal
      Retirement Date
for 5 Years	PreRetirement
Death
Monthly
Installments
      for
Years
	Period
Ending	Discount
Rate	Benefit
Level
(1)	Accrual
(2)	Vesting
(3)	Based on
Accrual
(4)	Vesting
(5)	Based on
Benefit
(6)	Vesting
(7)	Based on
Benefit
(8)	Based on
Benefit
(9)
	Dec 20041	7.00%	10,800 	15,114 	100%	4,058	100%	10,800 	0%	0 	10,800 
	Dec 2005	7.00%	11,124 	32,046 	100%	8,024 	100%	11,124 	0%	0 	11,124 
	Oct 2006	7.00%	11,458 	48,501 	100%	11,458 	100%	11,458 	100%	11,458 	11,458 
	

October 17, 2006 Retirement; November 1, 2006 First Payment
Date

1 The first line reflects 12
months of data, January 2004 to December 2004.
2 Benefit amount based on a $10,800
beginning benefit, inflating at 3.00% each year to $11,458 at
retirement.
* IF THERE IS A
CONFLICT IN ANY TERMS OR PROVISIONS BETWEEN THIS SCHEDULE A AND THE AGREEMENT,
THE TERMS AND PROVISIONS OF THE 
  AGREEMENT SHALL PREVAIL. IF A
TRIGGERING EVENT OCCURS, REFER TO THE AGREEMENT TO DETERMINE THE ACTUAL BENEFIT
AMOUNT
  BASED ON THE DATE OF THE EVENT.

	Director Retirement Plan
      for Community Bank - Staunton, VA
1002525
      v0.35.10 06/07/2005:16 SCP-D 13039
136475 
    		
          Jane
      C. Hickok

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Community
Bank
Schedule A

	Dale C. Smith Birth Date:
      1/13/1939
Plan Anniversary Date: 1/1/2005
Normal
      Retirement: 1/13/2009, Age 70
Normal Retirement Payment:
      Monthly for 5 years		Early
      Termination

Monthly Installments Payable at Normal
      Retirement Date for 5 Years	Disability

Monthly Installments
      Payable
at Termination for 5 Years	Change of
      Control

Monthly Installments Payable
at Normal
      Retirement Date
for 5 Years	PreRetirement
Death
Monthly
Installments
      for
Years
	Period
Ending	Discount
Rate	Benefit
Level
(1)	Accrual
(2)	Vesting
(3)	Based on
Accrual
(4)	Vesting
(5)	Based on
Benefit
(6)	Vesting
(7)	Based on
Benefit
(8)	Based on
Benefit
(9)
	Dec 20041	7.00%	10,800 	7,760 	100%	2,438 	100%	10,800 	0%	0 	10,800 
	Dec 2005	7.00%	11,124 	16,381 	100%	4,799 	100%	11,124 	0%	0 	11,124 
	Dec 2006	7.00%	11,458 	26,051 	100%	7,117 	100%	11,458 	100%	11,458 	11,458 
	Dec 2007	7.00%	11,801 	37,092 	100%	9,451 	100%	11,801 	100%	11,801 	11,801 
	Dec 2008	7.00%	12,155 	50,311 	100%	11,955 	100%	12,155 	100%	12,155 	12,155 
	Jan 2009	7.00%	12,520 	52,998 	100%	12,520 	100%	12,520 	100%	12,520 	12,520 
	

January 13, 2009 Retirement; February 1, 2009 First Payment
Date

1 The first line reflects 12
months of data, January 2004 to December 2004.
2 Benefit amount based on a $10,800
beginning benefit, inflating at 3.00% each year to $12,520 at
retirement.
* IF THERE IS A
CONFLICT IN ANY TERMS OR PROVISIONS BETWEEN THIS SCHEDULE A AND THE AGREEMENT,
THE TERMS AND PROVISIONS OF THE 
  AGREEMENT SHALL PREVAIL. IF A
TRIGGERING EVENT OCCURS, REFER TO THE AGREEMENT TO DETERMINE THE ACTUAL BENEFIT
AMOUNT
  BASED ON THE DATE OF THE EVENT.

	Director Retirement Plan
      for Community Bank - Staunton, VA
1002525
      v0.35.10 06/07/2005:16 SCP-D 13039
136466 
    		
          Dale
      C. Smith

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Community
Bank
Schedule A

	Morgan N. Trimyer, Jr.
      Birth Date: 1/27/1943
Plan Anniversary Date:
      1/1/2005
Normal Retirement: 1/27/2013, Age
      70
Normal Retirement Payment: Monthly for 5
    years		Early
      Termination

Monthly Installments Payable at Normal
      Retirement Date for 5 Years	Disability

Monthly Installments
      Payable
at Termination for 5 Years	Change of
      Control

Monthly Installments Payable
at Normal
      Retirement Date
for 5 Years	PreRetirement
Death
Monthly
Installments
      for
Years
	Period
Ending	Discount
Rate	Benefit
Level
(1)	Accrual
(2)	Vesting
(3)	Based on
Accrual
(4)	Vesting
(5)	Based on
Benefit
(6)	Vesting
(7)	Based on
Benefit
(8)	Based on
Benefit
(9)
	Dec 20041	7.00%	10,800 	3,734 	100%	1,551 	100%	10,800 	0%	0 	10,800 
	Dec 2005	7.00%	11,124 	7,868 	100%	3,048 	100%	11,124 	0%	0 	11,124 
	Dec 2006	7.00%	11,458 	12,462 	100%	4,501 	100%	11,458 	100%	11,458 	11,458 
	Dec 2007	7.00%	11,801 	17,586 	100%	5,924 	100%	11,801 	100%	11,801 	11,801 
	Dec 2008	7.00%	12,155 	23,335 	100%	7,330 	100%	12,155 	100%	12,155 	12,155 
	Dec 2009	7.00%	12,520 	29,837 	100%	8,741 	100%	12,520 	100%	12,520 	12,520 
	Dec 2010	7.00%	12,896 	37,289 	100%	10,188 	100%	12,896 	100%	12,896 	12,896 
	Dec 2011	7.00%	13,283 	46,036 	100%	11,729 	100%	13,283 	100%	13,283 	13,283 
	Dec 2012	7.00%	13,681 	56,967 	100%	13,536 	100%	13,681 	100%	13,681 	13,681 
	Jan 2013	7.00%	14,092 	59,650 	100%	14,092 	100%	14,092 	100%	14,092 	14,092 
	

January 27, 2013 Retirement; February 1, 2013 First Payment
Date

1 The first line reflects 12
months of data, January 2004 to December 2004.
2 Benefit amount based on a $10,800
beginning benefit, inflating at 3.00% each year to $14,092 at
retirement.
* IF THERE IS A
CONFLICT IN ANY TERMS OR PROVISIONS BETWEEN THIS SCHEDULE A AND THE AGREEMENT,
THE TERMS AND PROVISIONS OF THE 
  AGREEMENT SHALL PREVAIL. IF A
TRIGGERING EVENT OCCURS, REFER TO THE AGREEMENT TO DETERMINE THE ACTUAL BENEFIT
AMOUNT
  BASED ON THE DATE OF THE EVENT.

	Director Retirement Plan
      for Community Bank - Staunton, VA
1002525
      v0.35.10 06/07/2005:16 SCP-D 13039
136470 
    		
          Morgan
      N. Trimyer, Jr.

END

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