Community Bancorp Reports 25 Percent Rise in Q1 Profits Driven by Loan Growth and Deposits

Community Bancorp, headquartered in Derby, has announced a nearly 25% increase in first-quarter profits, totaling $3.5 million. The bank attributes this growth to a robust loan portfolio and a surge in deposits. Despite a slight decrease in total assets, the institution reports strong financial health, indicating positive economic trends in the region.