Community Bancorp Receives NASDAQ Letter Granting an Exception to Continued Listing Requirements

LAS VEGAS--(Business Wire)--
Community Bancorp (NASDAQ: CBON), 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.

About Community Bancorp

Community Bancorp is a bank holding company headquartered in Las Vegas, Nevada,
with two operating bank subsidiaries: 1) Community Bank of Nevada, and 2)
Community Bank of Arizona. Community Bank of Nevada is a Nevada state chartered
bank providing a full range of commercial and consumer bank products through
thirteen branches located in the greater Las Vegas area. Community Bank of
Arizona, an Arizona state chartered bank, operates through four full-service
branches in the greater Phoenix area. We provide commercial banking services,
including real estate, construction, commercial loans and SBA loans, to small
and medium-sized businesses.

For more information about Community Bancorp, visit our website at
www.community-bancorp.com.

Member FDIC, Equal Housing Lender, SBA Preferred Lender

Forward-Looking Statements

Statements concerning future performance, developments or events, expectations
forgrowth and income forecasts, and any other guidance on future periods
constituteforward-looking statements that are subject to a number of risks and
uncertainties.Actual results may differ materially from stated expectations.
Specific factorsinclude, but are not limited to the following: the current
economic downturn and related financial crisis in the United States and abroad,
and the response by government and bank regulators thereto,the recent
fluctuations in the U.S. capital andcredit markets, loan production, balance
sheet management, the economic condition ofthe markets in Las Vegas, Nevada, or
Phoenix, Arizona and their deteriorating realestate sectors, net interest
margin, loan quality, the ability to control costs andexpenses, interest rate
changes and financial policies of the United Statesgovernment, our ability to
manage systemic risks and control operating risks, andgeneral economic
conditions.

When used in this document, the words or phrases such as "will likely result
in,""management expects that," "will continue," "is anticipated,"
"estimate,""projected," or similar expressions are intended to identify
"forward-lookingstatements" within the meaning of the Private Securities
Litigation Reform Act of1995 ("PSLRA"). Such forward looking statements involve
known and unknown risks,uncertainties and other factors that may cause our
actual results, performance orachievements to be materially different from any
future results, performance orachievements expressed or implied by such
forward-looking statements. Such factorsinclude, among others, the following:
general economic and business conditions inthose areas in which we operate,
demographic changes, competition, fluctuations ininterest rates, changes in
business strategy or development plans, changes ingovernmental regulation,
credit quality, the availability of capital to fund theexpansion of our
business, economic, political and global changes arising from thewar on
terrorism, the conflict with Iraq and its aftermath, and other factorsreferenced
in the Company`s December 31, 2007 Form 10-K, including in "Item 1A. Risk
Factors." Readers shouldnot place undue reliance on the forward-looking
statements, which reflectmanagement`s view only as of the date hereof. Community
Bancorp undertakes noobligation to publicly revise these forward-looking
statements to reflect subsequentevents or circumstances. This statement is
included for the express purpose ofprotecting Community Bancorp under the
PSLRA`s safe harbor provisions. When relyingon forward-looking statements to
make decisions with respect to our Company,investors and others are cautioned to
consider these and other risks anduncertainties.

Community Bancorp, Las Vegas
Edward M. Jamison, 702-792-2266
Chairman of the Board, President and Chief Executive Officer
Patrick Hartman, 702-947-3514
Executive Vice President, Chief Financial Officer

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