UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 314, 2009

COMMUNITY BANCORP
(Exact name of registrant as specified in its charter)


Nevada	000-51044	01-0668846
(State or other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

400 South 4th Street, Suite 215, Las Vegas, Nevada		89101
400 South 4th Street, Suite 215,Las Vegas, Nevada		89101
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s telephone number, including area code: (702) 878-0700

(Former name or former address if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

~~Section 8~~Item 1.03 – ~~Other~~Bankruptcy ~~Events~~ or Receivership.

~~Item~~On 8August 14, 2009, Community Bank of Nevada, the principal operating subsidiary of Community Bancorp Inc.01 ~~Other~~(the “Company”), ~~Events~~was closed by the State of Nevada Financial Institutions Division, and the Federal Deposit Insurance Corporation (“FDIC”) was appointed as receiver of the bank.

OnIn addition on August 314, 2009, Community ~~Bancorp (the “Company”) announced by press release that Community~~ Bank of ~~Nevada~~Arizona, ~~filed~~a ~~amended~~subsidiary ~~Reports~~ of ~~Condition~~the ~~and~~Company, ~~Income (“Call~~was ~~Reports”)~~closed ~~with~~by the ~~Federal Deposit Insurance Corporation for~~Arizona ~~the~~Department ~~fourth quarter~~ of ~~2008~~Financial Institutions, and ~~first~~the ~~quarter~~FDIC ofwas ~~2009.~~appointed ~~The~~as ~~second~~receiver ~~quarter 2009 reports were also filed. A copy~~ of the ~~press release is attached hereto~~bank.

~~Section~~The Company intends to file a voluntary petition in the United States Bankruptcy Court in Las Vegas in the near future, seeking relief under Chapter 97 –of ~~Financial~~Title 11 of the United States Code. The Chapter 7 bankruptcy filing is a ~~Statements~~result ~~and~~of ~~Exhibits~~the regulatory actions described above.

~~Item~~As ~~9.01~~a ~~Financial~~result ~~Statements~~of the FDIC being appointed receiver of Community Bank of Nevada and ~~Exhibits~~Community Bank of Arizona (jointly the “Banks”) on August 14, 2009 and the planned Chapter 7 bankruptcy filing, the Company has ceased all business activity and operations since the Banks were the Company’s only source of revenue. Upon filing of the petition, the court will appoint a bankruptcy trustee who will be responsible for liquidating the Company.

(Item 2.04 — Triggering Events that Accelerate or Increase a) ~~Not~~Direct ~~applicable~~Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement.

~~(b)~~The ~~Not~~planned ~~applicable~~Chapter 7 bankruptcy filing will cause an event of default under the terms of the indentures governing trust preferred securities issued by the Company’s unconsolidated special purpose business trusts.

~~(c)~~Subject ~~Not~~to ~~applicable~~certain notice and waiting requirements particular to the documentation of each trust, upon the occurrence of this event of default, the trustee or holders of not less than 25% in principal of the outstanding debentures of each trust may declare the entire principal, premium and any accrued unpaid interest immediately due and payable.

~~(d)~~The bankruptcy filing will also constitute an additional event of default pursuant to an outstanding $4.8 million installment loan. The ~~following~~Company ~~exhibits~~previously ~~are~~announced ~~included~~that ~~with~~it ~~this~~was ~~Report:~~in payment default on such note.

~~Exhibit~~Item 993.101 ~~Press~~Notice ~~Release~~of ~~dated~~Delisting ~~August~~or 3,Failure ~~2009~~to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

2On August 17, 2009, the Company received a NASDAQ Staff Determination letter (the “Letter”) confirming that NASDAQ was concerned about the Company’s ability to sustain compliance with all of the requirements for continued listing on NASDAQ principally due to the closure of Community Bank of Nevada and Community Bank of Arizona. As a result, NASDAQ Staff had made a determination to delist the Company’s common stock from The Nasdaq Stock Market. The Company does not intend to appeal the delisting decision. As a result, trading will be suspended on August 26, 2009. A Form 25-NSE will then be filed with the Securities and Exchange Commission, which will remove the Company’s common stock from listing and registration on The Nasdaq Stock Market.

~~Pursuant~~The toLetter ~~the requirements~~advised ofus that the ~~Securities~~Company’s ~~Exchange~~common ~~Act~~stock ofwould ~~1934,~~not ~~the~~be ~~registrant~~immediately ~~has~~eligible ~~duly caused this report~~ to betrade ~~signed~~ on ~~its~~the ~~behalf~~OTC byBulletin Board ~~the~~or ~~undersigned~~in ~~hereunto~~the ~~duly authorized~~“Pink Sheets.”

		COMMUNITY BANCORP
		(Registrant)
Date:	August 4, 2009
		/s/ Edward M. Jamison
		Edward M. Jamison, President, Chief Executive Officer and Chairman of the Board

Item 8.01 – Other Events.

3As of August 17, 2009: (i) the Company’s primary assets, excluding its investment in the Banks and its investments in the two special purpose business trusts (“Trusts”) which issued the trust preferred securities, which investments are expected to be written off completely, consisted primarily of cash and cash equivalents of approximately $746,000; (ii) the Company’s principal liabilities are $70.0 million of junior subordinated debentures (the “Debentures”) issued to the Trusts and $2.4 million in accrued and unpaid interest on the Debentures; and (iii) $4.8 million in an installment loan.

~~EXHIBIT INDEX~~SIGNATURE

ExhibitNumber		Description
Exhibit 99.1		Press Release dated August 3, 2009

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.



		COMMUNITY BANCORP

		(Registrant)

Date:	August 28, 2009


		/s/ Edward M. Jamison

		Edward M. Jamison, President, Chief Executive Officer and Chairman of the Board

Filing Compare · Community Bancorp