Just a few weeks ago Community Bancorp President Edward Jamison calmly informed me that the company was in excellent shape, all things considered, and that the fact it hadn’t yet filed its proper SEC documents was no cause for alarm.
"We can’t dispel every rumor," Jamison said. "All we can do is perform and move forward. … We’re facing challenges, but we feel pretty good about where we’re going."
Earlier this week, sources told me federal auditors had converged on several Community Bank branches.
Today, Community Bank in Nevada signed an agreement with federal and state entities to limit its land and commercial real estate loans and improve its loan policies and practices.
And that’s no rumor.
It makes me wonder if Jamison still feels pretty good about the direction the company is heading.