Community Banks of Northern California Breaks Ground August 24th on New Lathrop Branch

Tracy, CA, August 24, 2006 --(PR.com)-- Community Banks of Northern California, a leading community bank headquartered in Tracy, today announced that it will break ground on its new Lathrop branch with a groundbreaking ceremony on Thursday, August 24th from 5:00 – 6:00 P.M. This full-service branch, which will be managed by Don Jordan, will be the first community-oriented bank to open in the Lathrop area, and will provide local residents and small business with the banking products and services they need within walking distance of their homes or office. 

Expected to open its doors in the first part of 2007, the new 2,300-square-foot branch will be constructed at 210 Towne Centre Drive in Lathrop at the new Village Commercial development, which is located on the same street as Lathrop’s new city hall. The bank will be adjacent to several buildings, including the KB Homes Complex and Showroom. Small to medium-sized business, as well as local residents, will have access to complete banking services, including an ATM machine and drive-up banking. 

“Lathrop is a thriving area, and we’re proud to bring Community Banks of Northern California to the local community,” said Tom Havens, president and CEO. “We are committed to fulfilling customers' financial needs and providing added convenience for existing customers who live or work in the Lathrop area.” 

“Lathrop is an excellent community and we’re honored to be a part of the projected growth,” said Don Jordan, branch manager, Community Banks of Northern California, Lathrop. “Village Commercial fits well into our community philosophy, featuring pedestrian paths and a modern, yet very neighborly look and feel. It’s going to be a great place to conduct business, and we’re looking forward to helping our neighbors with their banking needs.”

About Community Banks of Northern California
Headquartered in downtown Tracy, Community Banks of Northern California has branch offices in Castro Valley and West Tracy, along with a loan production office in Rocklin, and is a wholly owned subsidiary of Colorado-based Community Bankshares, Inc. Community Banks of Northern California offers a wide range of financial services to consumers and small businesses, and is a competitive construction lender committed to reinvestment in the community, while adapting an array of financial products and services to meet the local community’s needs.

About Community Bankshares, Inc.
Community Bankshares, Inc. is a diversified financial services holding company and a community banking organization serving the states of California and Colorado, including Community Banks of Northern California and Community Banks of Colorado. Community Bankshares, Inc. also provides mortgage services through Affiliated Financial Groups, Inc. and Banker’s Mortgage Corporation.

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