Community National Bank
900 Canterbury Place, Ste. 300
Escondido, CA 92025
www.comnb.com
Contact: Diane Murico, v.p. of marketing

President/CEO: Michael J. Perdue, 49

Opened for business: The bank was founded in 1985; the holding company was formed in 1999.

• Assets as of latest quarter: $461.1 million
  
  
• ROA: 1.33 percent
  
  
• Core capital as percentage of assets: 7.6 percent
  
  
• Provision for loan losses: $474,000 for third quarter; $1.2 million for nine months
  
  
• Plant the flag: Community National has five branches including Escondido, Vista, Bonsall, Fallbrook and Temecula. Bank plans to open Murrieta branch in 2004, and one branch per year going forward.
  
  
• Employment: 143 employees with planned additions for Murrieta branch and growth. Michael J. Cooney was hired as senior v.p. and credit administrator.
  
  
• Officers and directors:
  
  Gary Deems, chairman of the bank and the holding company.
  
  Corey Seale, vice chairman of bank and holding company.
  
  Thomas Swanson, retired CEO of Community National Bank.
  
  Michael Perdue, president/CEO of both bank and holding company.
  
  Mark Baker, Baker Enterprises.
  
  G. Bruce Dunn, president Mission Pools of Escondido.
  
  Granger Haugh, president Cliniqa Inc.
  
  Robert Kirkpatrick, president/COO CataList Homes Inc.
  
  Philip Oberhansley, attorney Cannon Parks & Oberhansley.
  
  Gary Youmans, executive v.p. Community National Bank.
  
  
• Key Personnel: Don Murray, chief credit officer; Bruce Mills, CFO; Mike Patterson, chief administration officer; Youmans, executive v.p., SBA Division.
  
  
• Niche or target customer: Small to medium-sized business customers and individuals, concentrating on customers of large regional or national banks that have never experienced a community bank. Other target customers are home owners associations and property management firms. Current legal lending limit to one borrower is $7.95 million.