Exhibit 99.1

                    PRESS RELEASE

Lexington, Tennessee - December 2, 1999 - Community National
Corporation ("CNC") and Community National Bancorp, Inc.
("Bancorp") announced today the execution of an Agreement to
Merge.  CNC is the parent company of Community National Bank of
Tennessee, with its principal offices located in Lexington,
Tennessee.  Bancorp is a newly-formed entity, organized to
facilitate the acquisition of CNC by a group of individuals,
some of whom are currently shareholders of CNC (the "Investor
Group").  CNC had approximately $39.8 million in assets and $8.6
million of stockholders' equity at September 30, 1999.

Under the Agreement, Bancorp will merge with and into CNC.  Each
share of Bancorp common stock will be exchanged for one share of
CNC common stock.  CNC shareholders who are members of the
Investor Group will retain their shares of CNC stock.
Shareholders who are not members of the Investor Group will
receive $14.75 in cash per share of CNC stock.  It is
anticipated that shareholders holding approximately 471,000
shares of stock will receive cash in the transaction, resulting
in aggregate cash consideration of approximately $7 million.  It
is also anticipated that the transaction will result in the
surviving company being a privately-held corporation, no longer
subject to Securities and Exchange Commission reporting
requirements under the Securities Exchange Act of 1934.

CNC Chairman, Arba Taylor said, "We believe the merger to be in
the best interests of our shareholders and our customers.  We
are confident that CNC will continue to provide the same high
level of service enjoyed by our customers for over the past 38
years."

Community National Bank of Tennessee will continue to operate
its present locations under the Community Bank name.

The merger of CNC and Bancorp is subject to approval by CNC
shareholders and federal bank regulators.  CNC and Bancorp
anticipate the proposed combination will occur by
March 31, 2000.

CNC's common stock is traded on the over the counter market with
quotations available through the OTC electronic bulletin board
with the symbol "CNLK."

This announcement is neither an offer of securities nor
solicitation of proxies.  Proxies will only be solicited
pursuant to a definitive proxy statement to be mailed to the CNC
shareholders at a later date.

For more information, contact Arba Taylor of Community National
Corporation at (901) 968-6624.