EXHIBIT 99.1
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        REPORT OF PREDECESSOR INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS
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  THIS IS A COPY OF A PREVIOUSLY ISSUED ARTHUR ANDERSEN LLP AUDITOR'S REPORT
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                 THE REPORT HAS NOT BEEN REISSUED BY ANDERSEN
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[The following report appears on Arthur Andersen LLP letterhead]



Report of Independent Public Accountants


To the Board of Directors and Stockholders
of Community Bancorp, Inc.:

     We have audited the accompanying  consolidated  balance sheets of Community
Bancorp,  Inc. (a  Massachusetts  Corporation) and subsidiary as of December 31,
2001 and 2000, and the related consolidated statements of income,  comprehensive
income,  stockholders'  equity  and cash flows for the three  years then  ended.
These consolidated  financial statements are the responsibility of the Company's
management.  Our  responsibility is to express an opinion on these  consolidated
financial statements based on our audits.

     We conducted our audits in accordance  with  auditing  standards  generally
accepted in the United States.  Those standards require that we plan and perform
the audit to obtain reasonable  assurance about whether the financial statements
are free of material misstatement. An audit includes examining, on a test basis,
evidence supporting the amounts and disclosures in the financial statements.  An
audit also includes  assessing the accounting  principles  used and  significant
estimates  made by  management,  as well as  evaluating  the  overall  financial
statement  presentation.  We believe that our audits provide a reasonable  basis
for our opinion.

     In our opinion,  the consolidated  financial  statements  referred to above
present fairly, in all material  respects,  the financial  position of Community
Bancorp,  Inc. and  subsidiary as of December 31, 2001 and 2000, and the results
of their  operations  and their cash flows for the three  years then  ended,  in
conformity with accounting principals generally accepted in the United States.



                                             /s/ Arthur Andersen LLP

Boston, Massachusetts
January 18, 2002