A Stern Glance

Community Bancorp (NASDAQ: CBON – News), the holding company for Community Bank of Nevada and Community Bank of Arizona, today announced that it received notice from the NASDAQ Stock Market on June 25, 2009 that its plan to regain compliance with the continued listing requirements under NASDAQ Listing Rule 5250(c)(1) (“Rule”) had been accepted. As a result, NASDAQ granted an exception to enable the Company to regain compliance with the Rule. While the Company anticipates filing the delinquent Form 10K and Form 10Q as soon as possible, the terms of the exception require the Company to file both the Form 10K for 2008 and Form 10Q for the quarter ended March 31, 2009 on or before October 12, 2009.

As discussed in prior press releases, certain financial analysis remains in process regarding the classification and valuation of certain assets at December 31, 2008 which, in turn, could impact the results for March 31, 2009.