Community Bancorp (CMTV) 8-K/A Financial Statements and Exhibits

Exhibit 99.3

UNAUDITED PRO FORMA COMBINED FINANCIAL STATEMENTS

The following tables present unaudited pro forma combined financial statements for Community Bancorp. and its Subsidiary, Community National Bank (the Company) and LyndonBank that has been prepared to give you a better picture of the possible financial position of the combined company. In presenting the pro forma balance sheet information, we assumed that the Company and LyndonBank had been merged as of the balance sheet date of September 30, 2007. In presenting the pro forma income statement information, we assumed that the Company and LyndonBank had been merged as of the period beginning on January 1, for each calendar period presented. This information is known as "pro forma" information and has been prepared by combining certain selected historical information about the Company and LyndonBank together. This pro forma information has been prepared for illustrative purposes only. For purposes of this pro forma presentation, it has been assumed that $26,717,823 in cash will be paid to LyndonBank shareholders in exchange for all of the issued and outstanding shares of LyndonBank common stock. You should not rely on this information as being indicative of the financial results the combined company would have had if the merger had already been completed or will have in the future. This information should be read in conjunction with the respective consolidated financial statements of the Company and LyndonBank, and the respective related notes.

     The following preliminary unaudited pro forma condensed combined balance sheet as of September 30, 2007 combines the September 30, 2007 balance sheets of the Company and LyndonBank assuming the merger was completed on September 30, 2007.

Preliminary Unaudited Pro Forma condensed Combined Balance Sheet
September 30, 2007	Community
	Bancorp. &						Pro Forma Adjustments					Pro Forma
	Subsidiary			LyndonBank			Debit		Credit			Combined
Assets
Cash and due from banks	$	7,609,332		$	8,058,116		$	15,387,000	$	26,717,823	(1)(2)	$	4,336,625
Federal funds sold and overnight deposits		12,389,462			3,901,284								16,290,746
Investments held-to-maturity		29,431,718			0								29,431,718
Investments available-for-sale		25,074,048			24,330,330								49,404,378
Restricted equity securities		2,450,150			1,006,700								3,456,850
Loans held-for-sale		982,576			0								982,576
Gross loans		255,926,578			102,545,992			784,000		92,000	(3)(10)		359,164,570
Allowance for loan losses		(2,321,409	)		(971,019	)							(3,292,428	)
Deferred loan fees-net		(490,826	)		3,228								(487,598	)
Net loans		253,114,343			101,578,201								355,384,544
Bank premises & equipment, net		12,072,266			4,538,247								16,610,513
Accrued interest		1,755,545			688,460								2,444,005
BOLI		0			3,526,604								3,526,604
Other assets		5,928,109			264,246			692,601		596,000	(11)(4)		6,288,956
Core deposit intangibles		0			0			4,161,000			(5)		4,161,000
Goodwill		0			0			8,754,608			(6)		8,754,608
Total assets	$	350,807,549		$	147,892,188							$	501,073,123
Liabilities:
Deposits:
Non-interest bearing	$	167,194,946		$	17,087,005							$	184,281,951
Interest bearing		134,843,845			96,775,251			702,000			(7)		230,917,096
		302,038,791			113,862,256								415,199,047
Repurchase agreements		14,212,876			6,562,000								20,774,876
Fed funds purchased/other advances		40,000			12,000,000								12,040,000
Capital lease obligations		0			950,287								950,287
Subordinated debentures		0			0					12,887,000	(1)		12,887,000
Accrued interest & other liabilities		2,653,456			286,051					1,919,980	(8)		4,859,487
Total liabilities		318,945,123			133,660,594								466,710,697
Common stock		11,481,838			653,400			653,400			(9)		11,481,838
Preferred stock		0			0					2,500,000	(1)		2,500,000
Additional paid-in capital		24,818,896			2,138,439			2,138,439			(9)		24,818,896
Retained earnings (deficit)		(1,749,560	)		14,210,059			14,210,059			(9)		(1,749,560	)
Treasury stock		(2,622,777	)		(2,259,270	)				2,259,270	(9)		(2,622,777	)
Accumulated other comprehensive loss		(65,971	)		(511,034	)				511,034	(9)		(65,971	)
Total shareholders' equity		31,862,426			14,231,594								34,362,426
Total liabilities & shareholders' equity	$	350,807,549		$	147,892,188							$	501,073,123

(1)	Trust preferred securities and non-cumulative stock issued to fund a portion of the transaction.
(2)	Cash paid for transaction.
(3)	Loans estimated fair value adjustment will be amortized over the remaining life of the loan portfolio.
(4)	Estimated purchase accounting accruals related to legal, accounting, and investment banking fees associated with the merger transaction.
(5)	Core deposit intangible on transaction account at December 31, 2007 will be amortized over 10 years using an accelerated method.
(6)	Estimated goodwill as a result of the merger transaction, calculated as follows:

Cash at closing	$	26,717,823
Acquisition costs		596,000
Net premium received from sale of branch		(600,601	)
Total purchase price		26,713,222
Less shareholders' equity of LB 9/30/07		(14,231,594	)
Equals Premium paid over book		12,481,628
Less core deposit intangible, adjusted for tax		(2,746,260	)
Less: net Loan fair value adj., adjusted for tax		(517,440	)
Less: net fair value of CDs, adjusted for tax		(463,320	)
Goodwill	$	8,754,608

(7)	Certificate of deposit fair value adjustment will be amortized over the remaining life of the CD portfolio.
(8)	Estimated deferred tax accrual related to fair value adjustment.
(9)	Under the purchase method of accounting, the equity accounts of LyndonBank are eliminated.
(10)	Fair value of loans sold on acquisition date.
(11)	Premium received on deposits sold on acquisition date.
	Bank premises and equipment will be adjustment to fair value based on updated appraisals.

     The following preliminary unaudited pro forma condensed combined statement of income for the nine months ended September 30, 2007 combines the statements of income of the Company and LyndonBank assuming the merger was completed on January 1, 2007

For the Nine Months Ended September 30, 2007
	Community									Proforma
	Bancorp.				Proforma Adjustments					Combined
	& Subsidiary		LyndonBank		Debit		Credit			Company
Interest and dividend income
Loans, including fees	$	14,406,502	$	6,242,869	$	147,000			(1)	$	20,502,371
Investment income		1,639,471		1,101,739				21,943	(2)		2,763,153
Total interest and dividend income		16,045,973		7,344,608							23,265,524
Interest Expense:
Deposits		5,774,457		2,421,095		819,150			(3)		9,014,702
Other borrowings		331,330		658,473		871,318			(4)		1,861,121
Total interest expense		6,105,787		3,079,568							10,875,823
Net interest and dividend income		9,940,186		4,265,040							12,389,701
Provision for loan losses		122,500		30,000							152,500
Net interest and dividend income after
the provision for loan losses		9,817,686		4,235,040							12,237,201
Noninterest income:
Service charges on deposits accounts		1,031,526		417,865							1,449,391
Securities, gains, net		0		51,449							51,449
Gain on sales of loans		0		150							150
Increase in cash surrender value of bank
owned life insurance		0		94,783							94,783
Other income		1,676,660		336,151							2,012,811
Total noninterest income		2,708,186		900,398							3,608,584
Noninterest expense:
Salaries and employee benefits		4,771,326		2,337,317							7,108,643
Occupancy and equipment expense		1,776,935		1,269,999							3,046,934
Other operating expenses		3,004,450		1,049,866							4,054,316
Total noninterest expenses		9,552,711		4,657,182							14,209,893
Income before income taxes		2,973,161		478,256							1,635,892
Income tax (benefit) expense		512,850		55,721				617,279	(5)		(48,708)
Net income	$	2,460,311	$	422,535						$	1,684,599
Net income per share of common stock	$	0.56	$	0.40						$	0.39
Shares outstanding		4,357,565		1,058,132							4,357,565

     The following preliminary unaudited pro forma condensed combined statement of income for the year ended December 31, 2006 combines the statements of income of the Company and LyndonBank assuming the merger was completed on January 1, 2006

For the Year Ended December 31, 2006
					Proforma Adjustments					Proforma
										Combined
	Community		LyndonBank		Debit		Credit			Company
Interest and dividend income
Loans, including fees	$	18,471,445	$	7,355,319	$	196,000			(1)	$	25,630,764
Investment income		2,504,399		1,643,416				29,257	(2)		4,177,072
Total interest and dividend income		20,975,844		8,998,735							29,807,836
Interest Expense:
Deposits		6,684,827		2,574,733		1,092,200			(3)		10,351,760
Other borrowings		1,018,261		619,471		1,161,757			(4)		2,799,489
Total interest expense		7,703,088		3,194,204							13,151,249
Net interest and dividend income		13,272,756		5,804,531							16,656,587
Provision for loan losses		137,500		0							137,500
Net interest and dividend income after
the provision for loan losses		13,135,256		5,804,531							16,519,087
Noninterest income:
Service charges on deposits accounts		1,322,360		562,353							1,884,713
Securities, gains, net		56,875		0							56,875
Gain on sales of loans		0		11,040							11,040
Increase in cash surrender value of bank
owned life insurance		0		118,956							118,956
Other income		1,744,941		363,421							2,108,362
Total noninterest income		3,124,176		1,055,770							4,179,946
Noninterest expense:
Salaries and employee benefits		6,261,405		3,157,769							9,419,174
Occupancy and equipment expense		2,180,336		1,062,679							3,243,015
Other operating expenses		3,712,629		1,528,418							5,241,047
Total noninterest expenses		12,154,370		5,748,866							17,903,236
Income before income taxes		4,105,062		1,111,435							2,795,797
Income tax (benefit) expense		729,614		112,000				823,038	(5)		18,576
Net income	$	3,375,448	$	999,435						$	2,777,221
Net income per share of common stock	$	0.82	$	0.95						$	0.68
Average shares outstanding		4,097,577		1,057,591							4,097,577

Community Bancorp anticipates it will incur conversion and integration charges.  Community Bancorp further anticipates realizing cost savings from the consolidation of operational functions.  These adjustments are not included in these unaudited pro forma combined statements of income.

(1)	Loans estimated fair value adjustment will be amortized over the remaining life (4 years) of the loan portfolio.
(2)	Trust preferred security interest received on common securities as a result of the trust preferred securities issued to fund a portion of the transaction.
(3)	Amortization of core deposit intangible using a double-declining method over 10 years, and assuming the transaction closed on January 1, 2007.  A time deposit fair value adjustment is also being amortized over the average life (2.7 years) of the portfolio.
(4)	Interest on trust preferred securities issued ($12,887,000 x 7.56% annual rate) and interest on non-cumulative stock issued ($2,500,000 x 7.50%) to fund a portion of the transaction.
(5)	Tax effects of the pro forma adjustments.