Community Bancorp 8-K Regulation FD Disclosure

Exhibit 99.1

2

Statements

concerning

future

performance,

developments

or

events,

expectations

for

growth

and

income

forecasts,

and

any

other

guidance

on

future

periods,

constitute

forward-looking

statements

that

are

subject

to

a

number

of

risks

and

uncertainties.

Actual

results

may

differ

materially

from

stated

expectations. 

Specific

factors

include,

but

are

not

limited

to,

loan

production,

balance

sheet

management,

the

economic

condition

of

the

Las

Vegas

market,

net

interest

margin,

loan

quality,

the

ability

to

control

costs

and

expenses,

interest

rate

changes

and

financial

policies

of

the

United

States

government,

and

general

economic

conditions.

Additional

information

on

these

and

other

factors

that

could

affect

financial

results

are

included

in

our

Securities

and

Exchange

Commission

filings.

When

used

in

this

Presentation,

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-looking

statements”

within

the

meaning

of

the

Private

Securities

Litigation

Reform

Act

of

1995

(PSLRA).

Readers

should

not

place

undue

reliance

on

the

forward-looking

statements,

which

reflect

management's

view

only

as

of

the

date

hereof. 

Community

Bancorp

undertakes

no

obligation

to

publicly

revise

these

forward-

looking

statements

to

reflect

subsequent

events

or

circumstances.

This

statement

is

included

for

the

express

purpose

of

protecting

Community

Bancorp

and

PSLRA's

safe

harbor

provisions.

Forward Looking Information

3

Issuer:

Community Bancorp

NASDAQ Symbol:

CBON

Shares Outstanding (9/30/06):             7,396,109

52 Week High/Low (10/30/06):

$34.31

to $28.87 per Share

Market Capitalization Range:             $214 Million to $254 Million

Stock Summary

SBA Funded Property

4

•

Community Bancorp, with $1.1 billion dollars in assets, is the bank holding company for

Community Bank of Nevada, one of the largest community banks serving the greater Las Vegas

market and Cactus Commerce Bank, serving the greater Phoenix metropolitan area

•

Provides a complete array of commercial banking products and services to small-to medium-sized

businesses

•

We have been a consistent, high performing institution

Assets (Five Year CAGR)

26%

Net Income (Five Year CAGR)

24%

Return on assets (Five Year Average)   1.21%

Return on equity (Five Year Average)   15.7%

3Q 06 ROA

1.20%

3Q 06 ROE

10.43%

•

Asset

Quality

-

non-performing

loans

to

total

loans

(1)

-

0.13%

•

Human Capital -

experienced management team at

every level of key responsibilities

Company Overview

(1)  Non-performing loans are defined as loans that are past due 90 days or more plus loans placed in non-accrual status and restructured loans.

5

•

On October 13, 2006 Community Bancorp announced the completion

of the acquisition of Valley Bancorp, effective close of business on

October 13, 2006

•

The stockholders of Valley Bancorp approved the transaction on

October 6, 2006   

•

The stockholders of Community Bancorp approved the transaction on

October 9, 2006

•

Valley Bancorp has been merged into Community Bancorp.  Valley

Bank was merged with and into Community Bank of Nevada.  The

combined

institutions’

total

assets

are

$1.5

billion*

•

The combined institutions have 14 branches serving the growing

communities of Clark and Nye Counties

Acquisition Profile

*Source:

Filed

S-4

Unaudited

Proforma

for

six

months

ended

June

30,

2006

6

Acquisition Profile

•

The total value of the transaction was $137.4 million, including

cancellation of options for Valley Bancorp stock

•

Valley Bancorp shareholders received $46.00 per share of common

stock they owned, paid in a consideration mix approximately of 75%

Community Bancorp common stock and 25% cash

7

Unaudited

Pro Forma Combined

Balance Sheet

As of June 30, 2006

Source: Form S-4

Balance Sheet (in $000s)

Community

Bancorp

Valley

Bancorp

Pro Forma

Adjustment

Pro Forma

Combined

Net Loans

793,598

$  

328,341

$

-

1,121,939

$

Total Assets

1,009,513

440,664

57,625

1,507,802

Total Deposits

793,433

377,548

-

1,170,981

Total Liabilities

895,341

395,230

-

1,290,571

Total Stockholders' Equity

114,172

45,434

57,625

217,231

Total Liabilities & Stockholders' Equity

1,009,513

440,664

57,625

1,507,802

8

Unaudited

Pro Forma Combined

Statement of Income

For the six months ended June 30, 2006

Source: Form S-4

Income Statement (in $000s)

Community

Bancorp

Valley

Bancorp

Pro Forma

Adjustment

Pro Forma

Combined

Total interest and dividend income

35,959

$    

15,878

$ 

(977)

$     

50,860

$ 

Net interest income

23,674

10,450

(977)

33,147

Net interest income after provisions for loan losses

22,067

10,171

(977)

31,261

Income before income taxes

10,851

5,547

(1,507)

14,891

Net Income

7,188

3,640

(995)

9,833

Basic earnings per share

0.97

1.29

0.92

Diluted earnings per share

0.96

1.23

0.91

9

Acquisition Profile

•

Effective September 30, 2006, Community Bancorp acquired 100% of

the outstanding common stock of Cactus Commerce Bank,

headquartered in Glendale, Arizona

•

Cactus Commerce Bank, founded in 2003, is a commercial bank with

assets of approximately $52 million (9/30/06) serving the greater Phoenix

metropolitan area

•

Cactus Commerce Bank is now a wholly owned subsidiary of

Community Bancorp

•

This is the first acquisition for Community Bancorp outside of Nevada,

and is consistent with the Company’s strategy to expand into other   

high growth markets in Arizona and California

10

* According to Clark County Comprehensive Planning, UNLV CBER

NV Branch Locations and Market Area

Current Locations

•

Fourteen full service offices located

throughout the greater Las Vegas Area

•

Between 2001 and 2005 Clark County’s

population grew by approximately 5% per

year compared to the national average of

1.2%*

•

In 2005 Clark County reached a

population of 1,815,700

•

According to FDIC, deposits in Clark

County grew from $15 billion to $34 billion

between June 2001 and June 2005, a

compound annual growth rate of 22%

Approved Location

11

AZ Branch Location and Market Area

Cactus Commerce Bank Locations

•

One full service office located in

Phoenix, AZ (1 planned in Fountain Hills

region for 4th

Quarter 2006)

•

The projections indicate that the top five

fastest-growing states between 2000 and

2030 would be 1. Nevada (114%) and    

2. Arizona (109%)

•

In 2005 Phoenix, AZ reached a

population of 3,635,528

*According to US Census, FDIC

**Proposed Market Area

Approved Location

12

Source: SNL Securities 6/30/05

Deposit Market Share

COUNTY: Clark, NV

2005

2005

Total

Total

2005

Deposits

Market

2005

2005

Branch

in Market

Share

Rank

Institution

Type

Count

$000

(%)

1

Citigroup Inc. (NY)

Bank

13

6,663,054

23.36

2

Bank of America Corp. (NC)

Bank

50

5,986,101

20.98

3

Wells Fargo & Co. (CA)

Bank

68

4,797,414

16.82

4

Zions Bancorp. (UT)

Bank

48

1,926,091

6.75

5

Western Alliance Bancorp (NV)

Bank

5

1,251,452

4.39

6

U.S. Bancorp (MN)

Bank

35

1,240,783

4.35

7

Washington Mutual Inc. (WA)

Thrift

34

950,744

3.33

8

Marshall & Ilsley Corp. (WI)

Bank

1

841,842

2.95

9

Community Bancorp (NV)

Bank

9

651,696

2.28

10

First NB Holding Company (AZ)

Bank

6

518,029

1.82

11

Silver State Bancorp (NV)

Bank

9

493,839

1.73

12

Golden West Financial (CA)

Thrift

2

429,565

1.51

13

Capitol Bancorp Ltd. (MI)

Bank

4

286,358

1

14

Intermountain First Bancorp (NV)

Bank

1

285,288

1

15

Irwin Financial Corp. (IN)

Bank

1

254,828

0.89

16

Colonial BancGroup Inc. (AL)

Bank

7

208,915

0.73

17

Sun West Capital Corp. (NV)

Bank

3

202,303

0.71

18

Central Financial Corp. (KS)

Bank

3

187,123

0.66

19

Business Bank Corporation (NV)

Bank

4

185,572

0.65

20

BNP Paribas Group

Bank

7

184,996

0.65

21

Valley Bancorp (NV)

Bank

3

160,950

0.65

Deposit Market Share

13

•

Continue to develop low-cost funding sources

•

Continue to actively manage interest rate and market risks

–

Closely monitor volume and maturity of our rate sensitive assets

to our interest

sensitive liabilities

•

Diversify our revenue source

–

Increase number of products being sold to each of our client

relationships

•

Maintain high asset quality by continuing to utilize rigorous loan underwriting

standards and credit risk management practices

•

Continue to recruit, retain and train our officers and employees

•

Continue to enhance our risk management

•

Continue to improve our efficiency ratio

Operating Strategies

14

* Community Bancorp was founded in 2002

Management

Position

Edward M. Jamison

Lawrence K. Scott

Cathy Robinson

Tom McGrath

Barry Hulin

Chairman, President & Chief Executive Officer

EVP and Chief Operating Officer

EVP and Chief Financial Officer

EVP and Chief Risk Manager

EVP and Corporate Relations

Years of

Experience

33+

23+

30+

30+

40+

Years with

CBON

11+

4+

10+

1

1

Experienced Management –

Community Bancorp

15

* Community Bank of Nevada was founded in 1995

Management

Position

Edward M. Jamison

Lawrence K. Scott

Cathy Robinson

Don F. Bigger

Bruce Ford

Founder and Chief Executive Officer

President and Chief Operating Officer

EVP and Chief Financial Officer

EVP and Chief Credit Administrator

EVP and Chief Credit Officer

Years of

Experience

34+

23+

30+

21+

21+

Years with

CBON

11+

4+

10+

3+

1+

Experienced Management –

Community Bank of Nevada

16

Management

Position

Jerry Ernst

Kathy Gimbel

President and Chief Executive Officer

EVP and Chief Financial Officer

Years of

Experience

Experienced Management –

Cactus Commerce Bank

* Cactus Commerce Bank was founded in 2003

31+

30+

17

•

To capitalize on organic growth opportunities in Las Vegas and Phoenix

–

Open the 15

th

branch for Community Bank of Nevada in the northwest Las

Vegas area for the second quarter 2007 and plans to open two additional

branches per year through 2008

–

Open the 2

nd

branch in the greater Phoenix area for Cactus Commerce Bank

in the fourth quarter of 2006 with plans to open two additional branches per

year through 2008

•

Acquire other community banks or organize de novo banks in markets that offer

regional continuity, such as in the high-growth markets in Southern California

(Inland Empire)

•

Utilize expanded branch presence and increase penetration of the

professional

and business services industries to increase core deposits

•

Leverage market conditions, branch network and human capital to maintain

above peer market levels of growth and profitability

•

Continue to enhance previous commitments to internal controls to

maintain sound risk management while experiencing high growth volume

Growth Strategies

18

0

200

400

600

800

1000

1200

1400

1600

1800

2000

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

Clark County Total Population (000)

1

0

4

0

1

2

4

6

1

3

2

1

1

4

2

8

1

4

9

8

1

5

7

8

1

6

4

1

1

7

4

7

1

8

1

5

1

1

8

8

1

1

1

9

Source:

Clark

County

ComprehensivePlan-

2006

&

2007

are

forecasts;

FDIC

Our Market Place –

Las Vegas, NV

1

8

8

7

1

9

5

6

4.9%

4.6%

4.7%

3.1%

2.1%

Clark County NV

Q106

2005

2004

2003

2002

TOTAL EMPLOYMENT GROWTH (NEVADA)

19

Our Market Place –

Las Vegas, NV

$7.0 Billion Project

MGM CityCentre

$1.6 Billion Project

Las Vegas Sands Corp.

The Palazzo

$1.7 Billion Project

$4.0 Billion Project

Boyd Gaming

Echelon Resort

Encore at

Wynn Las Vegas

TOTAL CONSTRUCTION COSTS -

$19.3 BILLION

$5.0 Billion Project

Harrah’s Entertainment

20

Economic Drivers –

Las Vegas, NV

21

0

500

1000

1500

2000

2500

3000

3500

4000

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

Greater Phoenix Total Population (000)

2

6

3

5

2

9

1

3

3

0

2

7

3

1

9

2

3

2

5

9

3

3

9

7

3

5

2

4

3

6

4

9

3

7

6

4

2

8

0

6

2

7

2

1

Source: GPEC-

2006 & 2007 are forecasts; FDIC

Our Market Place –

Phoenix, AZ

3

8

7

9

4.7%

4.1%

3.6%

1.7%

1.4%

Maricopa County, AZ

Q106

2005

2004

2003

2002

TOTAL EMPLOYMENT GROWTH (ARIZONA)

22

Our Market Place-

Las Vegas, NV & Phoenix, AZ

24.47

1

Phoenix, AZ

2.40

6

4.47

5

47.90

3

Orlando, FL

2.44

4

4.70

4

19.92

15

Austin, TX

1.90

9

4.78

3

32.09

8

Las Vegas, NV

4.18

2

6.17

2

7.18

34

Naples, FL

5.73

1

6.24

1

05-’10 (000’s)

05-’10 Rank

MSA

00-’05 (%)

00-’05

Rank

05-’10 (%)

05-’10

Rank

Absolute Annual Growth

Annual Growth Rate

IRR-Viewpoint 2006 Integra Realty Resources, INC

Top 5 Markets

TOTAL EMPLOYMENT GROWTH

59.21

11

Orlando, FL

3.2

4

3.08

5

120.05

3

Phoenix, AZ

3.41

3

3.13

4

49.97

13

Austin, TX

3.13

5

3.42

3

80.46

8

Las Vegas, NV

4.82

1

4.65

2

16.45

31

Naples, FL

4.64

2

5.25

1

05-’10 (000’s)

05-’10 Rank

MSA

00-’05 (%)

00-’05

Rank

05-’10 (%)

05-’10

Rank

Absolute Annual Growth

Annual Growth Rate

IRR-Viewpoint 2006 Integra Realty Resources, INC

Top 5 Markets

POPULATION GROWTH

23

24.97

25.39

50,887

2

13.79

2

14.65

5,882,500

Arizona

18.49

19.33

53,239

1

20.82

1

22.53

2,448,536

Nevada

Projected

HH Income

Change

2005-2010

(%)

HH Income

Change

2000-2005

(%)

Medium

HH

Income

2005

($)

Rank

in

US

Projected

Population

Change

2005-2010

(%)

Rank

in

US

Population

Change

2000-2005

(%)

Total

Population

2005

(Actual)

State

*Growth percentage inset in state outline is projected 5-year growth

Source: SNL DataSource

Growth Characteristics

24

Migration by State

74.3

316,148

112.9

480,272

187.2

796,420

Arizona

2

151.5

233,934

150.3

232,189

301.8

466,123

Nevada

1

Rate

Number

Rate

Number

Rate

Number

Area

Rank

Net Migration

Out Migration

In Migration

Arizona Migration

Positive net migration with less than 30,000 gross migration

Negative net migration

Largest source of net migration

Other major sources of net migration (>30,000)

Other major source of gross in migration (<10,000)

Nevada Migration

Source: US Census Bureau

State of migration

26

$573,961

$463,431

$400,571

($000)

$892,708

CAGR = 32%

$1,009,513

2003

2002

2004

3Q 2006

Strong Asset Growth

2005

3Q 06

As of 12/31/05

$892,708

1H 06

$1,121,565*

*Includes Cactus Commerce Bank, not Valley Bancorp

27

$806,873

CAGR = 35.3%

($000)

$663,407

$350,082

$293,535

$403,270

2005

2003

2002

2004

3Q 2006

Loan Growth

$912,805*

$663,407

3Q 06

As of 12/31/05

1H 06

*Includes Cactus Commerce Bank, not Valley Bancorp

28

As of September 30, 2006*

Loan Portfolio

Other

15%

Retail

37%

Office

38%

Industrial

10%

Construction

55%

Commercial Real Estate

26%

Consumer & Other

1%

Residential Real Estate

4%

Commercial

14%

Residential

32%

Other

3%

Industrial

16%

Office

19%

Retail

30%

*Includes Cactus Commerce Bank, not Valley Bancorp

29

As of June 30, 2006*

Construction

55%

Commercial Real Estate

26%

Consumer & Other

1%

Residential Real Estate

3%

Commercial

15%

Loan Portfolio

*Does not include Cactus Commerce Bank or Valley Bancorp

Other

17%

Retail

28%

Office

34%

Industrial

21%

Residential

36%

Other

2%

Industrial

16%

Office

19%

Retail

27%

30

($000)

CAGR = 26.5%

$725,088

$403,713

$476,252

$351,584

2005

2003

2002

2004

3Q 2006

Deposit Growth

$793,433

$849,526*

3Q 06

As of 12/31/05

1H 06

$725,008

*Includes Cactus Commerce Bank, not Valley Bancorp

31

Interest Bearing Demand

4%

Money Market

42%

Savings

2%

Time Certificates

21%

Wholesale Deposits

10%

Non-interest Bearing

Demand

21%

Deposit Mix

As of September 30, 2006*

*Includes Cactus Commerce Bank, not Valley Bancorp

32

Interest Bearing Demand

5%

Money Market

43%

Savings

1%

Time Certificates

20%

Wholesale Deposits

9%

Non-interest Bearing

Demand

22%

Deposit Mix

As of June 30, 2006*

* Does not include Cactus Commerce Bank or Valley Bancorp

33

($000)

0.14%

0.13%*

1.00%

0.78%

1.99%

2005

2003

2002

2004

3Q 2006

Credit Quality

NPAs to Total Loans & OREO

*Includes Cactus Commerce Bank, not Valley Bancorp

34

($000)

$10,065

$3,763

$5,215

$5,421

$3,425

2005

2003

2002

2004

3Q 2006

Gains in Net Income

$4,725

$10,245*

$3,057

*Excludes Cactus Commerce Bank and Valley Bancorp

35

11.4%

12.1%*

17.8%

15.1%

19.1%

2005

2003

2002

2004

3Q 2006

Consistently Profitable ROE

*Excludes Cactus Commerce Bank and Valley Bancorp

36

Balance Sheet (in $000s)

3Q 2006*

2005

2004

2003

2002

Assets

1,121,565

$

892,708

$

573,961

$

463,431

$

400,571

$

Gross Loans

912,805

663,407

403,270

350,082

293,535

Allowance for Loan Losses

11,150

8,117

6,133

5,409

4,688

Deposits

849,526

725,088

476,252

403,713

351,584

Equity

118,175

106,749

77,553

32,201

27,212

Ratios

Average Equity to Average Assets

11.66%

12.60%

6.86%

6.70%

6.94%

Leverage Ratio

12.76%

13.09%

16.91%

8.96%

8.84%

Tier 1 Risk-Based Capital Ratio

12.22%

14.20%

19.66%

11.18%

11.03%

Total Risk-Based Capital Ratio

17.67%

16.29%

20.92%

13.61%

14.14%

Allowance for Loan Losses to Total Loans

1.22%

1.22%

1.52%

1.55%

1.60%

Balance Sheet

*Includes Cactus Commerce Bank, not Valley Bancorp

37

Income Statement

*Excludes Cactus Commerce Bank and Valley Bancorp

Income Statement

(in $000s, except per share data)

3Q 06*

2Q 06

1Q 06

4Q 05

3Q 05

2Q 05

1Q 05

Interest and dividend income

20,727

$ 

19,263

$

16,696

$

15,394

$

12,561

$

9,676

$  

8,706

$

Interest expense

8,388

6,866

5,419

4,703

3,326

2,306

2,176

Net interest income

12,339

12,397

11,277

10,691

9,235

7,370

6,530

Provision for loan losses

1,517

625

982

269

725

91

Net interest income after

provision for loan losses

10,822

11,772

10,295

10,422

8,510

7,279

6,530

Non-interest income

618

554

528

803

677

419

376

Non-interest expense

6,381

6,623

5,675

7,027

5,421

4,641

3,423

Income before income taxes

5,059

5,703

5,148

4,198

3,766

3,057

3,483

Income tax expense

2,002

1,940

1,723

1,221

1,080

1,037

1,101

Net income

3,057

$   

3,763

$  

3,425

$ 

2,977

$ 

2,686

$ 

2,020

$  

2,382

$

EPS -

basic

0.41

$     

0.51

$    

0.46

$   

0.40

$   

0.38

$   

0.30

$    

0.35

$  

EPS -

diluted

0.41

$     

0.50

$    

0.46

$   

0.40

$   

0.38

$   

0.29

$    

0.35

$  

-

38

CAGR = 17%

$1.42

$0.50

$1.10

$1.10

$0.46

2005

2003

2002

2004

2006

EPS -

Diluted

$1.01

$1.37*

$0.41

*Excludes Cactus Commerce Bank and Valley Bancorp

39

(1)  Non-performing loans are defined as loans that are past due 90 days or more plus loans placed in non-accrual status and restructured loans.

Asset Quality

*Includes Cactus Commerce Bank, not Valley Bancorp

3Q 06*

Non-performing loans to total loans

(1)

0.13%

Non-performing assets to total assets

0.10%

Allowance for loan losses to total loans

1.22%

Allowance for loan losses to non-performing loans

957.1%

Allowance for loan losses to non-performing assets

957.1%

Net charge-offs to average loans

0.28%

OREO

NONE

40

•

Loan growth of 42.9% year-over-year

•

Quarter net income up 13.8% year-over-year

•

Quarter diluted earnings per share up 7.9% year-over-year

•

Deposit growth of 25.1% year-over-year

($mlns)

2005

2004

2003

2006*

2005

Assets

$892.7

$574.0

$463.4

$1,121.6

$842.6

Goodwill and Core Deposit Intangible

$24.8

$0.0

$0.0

$33.3

$23.3

Tangible Equity

$82.0

$77.6

$32.2

$84.9

$104.1

NPAs/Loans + OREO

0.14%

0.78%

1.00%

0.13%

0.19%

NCOs/Avg Loans (annualized)

0.01%

0.05%

0.31%

0.10%

0.03%

Net Income

$10.1

$5.4

$5.2

$3.1

$2.7

EPS- diluted

$1.42

$1.10

$1.10

$0.41

$0.38

Net Interest Margin

5.12%

4.65%

4.72%

5.32%

5.02%

Efficiency Ratio

56.8%

64.7%

56.6%

49.5%

54.8%

ROA

1.43%

1.04%

1.19%

1.41%

1.45%

ROE

11.4%

15.1%

17.8%

12.1%

11.4%

At or for Year Ended December 31,

Nine Months Ended September 30,

Summary

*Includes Cactus Commerce Bank, not Valley Bancorp

41

•

Excellent expansion opportunities in both Las Vegas, Phoenix

and other high growth markets

•

Consistent, high performance institution

–

Five year CAGR of assets and net income of 26% and 24%

respectively*

–

Five year average ROE and ROA of 15.7% and 1.21%

respectively*

•

Focus on business banking and total client relationships

•

Experienced management team with over 198 years

combined banking experience in the greater Las Vegas area

•

Diversification of markets with the addition of Arizona

Why invest with us?

*Excludes Cactus Commerce Bank and Valley Bancorp