GREAT NECK, NY – Community National Bank (CNB) (stock symbol CBNY, OTCBB), Long Island’s fastest growing commercial community bank, recently promoted Conrad J. Gunther, Jr. of Cold Spring Harbor, NY to the position of Executive Vice President and Senior Loan Officer, at CNB’s corporate office in Great Neck, NY.

Formerly Senior Vice President and Senior Loan Officer at CNB, Conrad Gunther Jr. is responsible for all commercial lending for the Bank. Before working for CNB, he was President and owner of E-Billsolutions, Inc. (EBS), a sales and marketing organization that sold credit card processing services and was also President of C.J. Gunther & Associates, which provided financial and management consulting.

Chairman, President and CEO of Community National Bank, Stuart Lubow, said, “Since joining CNB, Mr. Gunther has demonstrated not just strong financial skills, but impressive leadership ability, as well. While all CNB employees are highly qualified, customer-service driven professionals, Conrad’s performance has been truly outstanding.”

Community National Bank is a Long Island-based independent commercial bank offering a full range of modern financial services, backed by state-of-the-art technology. In addition to residential mortgages, home equity lines of credit, commercial mortgages and business loans and lines of credit, the bank provides a complete selection of traditional personal and commercial banking products such as no-fee individual and business checking accounts, IRA accounts, and statement and passbook savings.

Other features include extended lobby hours weekdays plus both Saturday and Sunday hours, 24-hour ATM service, free internet banking, and much more. Community National Bank also offers DeskTop Banker, a service that allows local merchants to deposit checks electronically, without leaving their store or office. As a Small Business Administration (SBA) preferred lender, CNB also offers special loan and financial management programs designed to help small and medium size businesses succeed. In addition to its corporate office in Great Neck, CNB has branch offices in Garden City, Woodbury, Oceanside, Huntington, New Hyde Park and Rockville Centre.

Community National Bank is a member of the FDIC and is an Equal Housing/Equal Opportunity Lender. For more information about Community National Bank contact Donna Frasco, First Vice President, Retail Division of Community National Bank at 516-498-9111 or visit the Bank’s website at www.cnbny.com.

GREAT NECK, NY, December 21, 2010 – While other banks are scaling back on small business lending, Community National Bank (CBNY.OB) the fastest growing community bank on Long Island, continues to fill the void left by other larger institutions and is growing in the area of small and medium size business banking. CNB recently received the Bronze Award for SBA lending presented by the Small Business Administration - New York district. In addition, for the second year in a row, CNB was honored by the Long Island Development Authority (LIDC) with the Community Based Lender Award. The LIDC recognized CNB for its significant contributions to the economic development of Long Island’s business community.

“As we all know, small and medium size business is the engine that drives our economy both here on Long Island and nationally. We appreciate being acknowledged for our support and will continue to provide fiscally responsible loans to Long Islands business community,” said Stuart Lubow, Community National Bank’s Chairman, President & CEO.

Community National Bank continues to solidify its growing stature in the commercial banking marketplace as is evidenced by CNB’s asset growth. As of September 30, 2009, CNB’s assets have grown to $403.8 million from $340.4 million at December 31, 2008. In addition, deposits have increased to $348.0 million from $280.9 million at December 31, 2008. CNB’s net interest margin continues to improve and CNB expects to be profitable for the year ending December 31, 2009.

During these stressful economic times, CNB continues to grow its niche business of providing customer centric relationship banking to small and medium size businesses within its market place. CNB continues to gather momentum and has recently hired several highly qualified middle market loan and relationship officers from larger institutions that management anticipates will enhance CNB’s growth. CNB continues to position itself to take advantage of opportunities that we believe will be available during 2010, including continued growth in middle market and small business lending as customers continued to be disenfranchised by their current institutions and seek the customer service and professionalism of CNB’s business banking team.

As of September 30, 2009, CNB had a tangible common equity ratio of 10.91%, a tier 1 leverage ratio of 11.08% and tier 1 risk based and total risk based capital ratios of 17.1% and 18.2%, respectively. These ratios substantially exceed those required for CNB to be considered well capitalized. CNB believes that in these economic times it is prudent to continue to maintain these significantly higher capital ratios. Given the current regulatory environment, CNB, as a relatively new bank that has displayed significant growth with a focus on business banking, anticipates it will be necessary to maintain a minimum tier 1 leverage ratio of 10%. Because CNB currently exceeds these levels and expects to be profitable for 2009, CNB anticipates it will be able to prudently continue its growth strategy in 2010 and beyond while maintaining these higher capital ratios.

ABOUT COMMUNITY NATIONAL BANK
Community National Bank is a Long Island based independent commercial bank and operates seven locations in Nassau and Suffolk counties. We offer a full range of modern financial services, backed by state-of-the-art technology. In addition to commercial loans, commercial mortgages, small business loans and lines of credit, residential mortgages, CNB also provides a complete selection of traditional personal and commercial deposit products such as no fee individual and business checking accounts, IRA accounts and statement savings.

Cautionary Statement about Forward-Looking Statements
This release contains certain “forward looking statements” about CNB which, to the extent applicable, are intended to be covered by the safe harbor for forward looking statements provided under the Federal securities laws and, regardless of such coverage, you are cautioned about. Examples of forward-looking statements include but are not limited to, estimates with respect to our 2009 earnings, CNB’s financial condition and capital ratios, results of operations and the CNB’s outlook and business. Forward-looking statements are not historical facts. Such statements may be identified by the use of such words as “may,” “believe,” “expect,” “anticipate,” “plan,” “continue,” or similar terminology. These statements relate to future events or our future financial performance and involve risks and uncertainties that may cause our actual results, levels of activity, performance or achievements to differ materially from those expressed or implied by these forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we caution you not to place undue reliance on these forward-looking statements. Factors which may cause our forward looking statements to be materially inaccurate include, but are not limited to, a unexpected deterioration in our loan portfolio, unexpected increases in our expenses, greater than anticipated growth, unanticipated regulatory action, unexpected changes in interest rates, a loss of key personnel, an unanticipated loss of existing customers, competition from other institutions causing us unanticipated changes in our deposit or loan rates, increases in FDIC insurance costs and unanticipated adverse changes in our customers’ economic conditions or economic conditions in our local area generally.

Forward-looking statements speak only as of the date of this press release We do not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Community National Bank Appoints Frank Trifaro as New Branch Manager,    VP of its Oceanside Branch

GREAT NECK, NY – Community National Bank (CNB) (stock symbol CBNY, OTCBB), Long Island’s fastest growing commercial community bank, announces the appointment of Frank Trifaro as the new Branch Manager, Vice President of its Oceanside branch located at 3121 Long Beach Road. A West Babylon resident, Mr. Trifaro will be responsible for managing day-to-day operations, expanding existing business relationships and developing new ones, and providing an exceptional customer experience.

Prior to joining Community National Bank, Frank was a Branch Manager for both Washington Mutual and HSBC Bank.

Mr. Trifaro received his Bachelor’s degree in Business Management from Hofstra University. He is a member of the Oceanside and Long Beach Chambers of Commerce. He is also currently a member of Business Network International (BNI) and the Oceanside Rotary.

Stuart Lubow, Chairman, President, and CEO of Community National Bank, said, “Mr. Trifaro has the skills and experience to effectively manage our Oceanside branch. At CNB, we pride ourselves on attracting the highest quality employees. We welcome Mr. Trifaro to our team of banking professionals and look forward to working with him.”

Community National Bank is a Long Island-based independent commercial bank offering a full range of modern financial services, backed by state-of-the-art technology. In addition to residential mortgages, home equity lines of credit, commercial mortgages and business loans and lines of credit, the bank provides a complete selection of traditional personal and commercial banking products such as no-fee individual and business checking accounts, IRA accounts, and statement and passbook savings.

Other features include extended lobby hours weekdays plus both Saturday and Sunday hours, 24-hour ATM service, free internet banking, and much more. Community National Bank also offers DeskTop Banker, a service that allows local merchants to deposit checks electronically, without leaving their store or office. As a Small Business Administration (SBA) preferred lender, CNB also offers special loan and financial management programs designed to help small and medium size businesses succeed.

Community National Bank is a member of the FDIC and is an Equal Housing/Equal Opportunity Lender. For more information about Community National Bank contact Donna Frasco, Senior Vice President, Chief Retail Officer of Community National Bank at 516-498-9111 or visit the Bank’s website at www.cnbny.com.

Community National Bank will also receive the Long Island Development Corporation’s Community Based Lender Award for 2009

GREAT NECK, NY – Community National Bank (CNB) (stock symbol CBNY, OTCBB), Long Island’s fastest growing commercial community bank, will be awarded the 2009 Bronze Award by the U.S. Small Business Administration (SBA). The awards ceremony will be held on November 17th at the Harvest Room in Queens, New York.

The Bronze Award is presented by the SBA to lenders issuing between $5 and $8 million in district loans during the fiscal year. Community National Bank issued $6.75 million in district loans during 2009.

“Community National Bank is being honored by the SBA for providing much needed capital loans to Long Island’s small businesses,” says Ron Goldstein, Supervisor of Lender Relations at the U.S. Small Business Administration. “By facilitating the growth of its local businesses, Community National Bank helps to strengthen the Long Island community at large.”

Community National Bank is also being honored, for the second year in a row, by the Long Island Development Corporation (LIDC) with the Community Based Lender Award for 2009. The LIDC recognizes CNB for its significant contributions to the economic development of Long Island’s small business community.

“We are most honored to receive both the SBA’s 2009 Bronze Award and the LIDC’s Community Based Lender Award for 2009,” says Stuart Lubow, Chairman, President, and CEO of Community National Bank. “We appreciate being acknowledged for our support and will continue providing fiscally responsible loans to Long Island’s thriving business community.” Community National Bank is a Long Island-based independent commercial bank offering a full range of modern financial services, backed by state-of-the-art technology. In addition to residential mortgages, home equity lines of credit, commercial mortgages and business loans and lines of credit, the bank provides a complete selection of traditional personal and commercial banking products such as no-fee individual and business checking accounts, IRA accounts, and statement and passbook savings.

Other features include extended lobby hours weekdays plus both Saturday and Sunday hours, 24-hour ATM service, free internet banking, and much more. Community National Bank also offers DeskTop Banker, a service that allows local merchants to deposit checks electronically, without leaving their store or office. As a Small Business Administration (SBA) Preferred Lender, CNB also offers special loan and financial management programs designed to help small and medium size businesses succeed.

Community National Bank is a member of the FDIC and is an Equal Housing/Equal Opportunity Lender. For more information about Small Business Lending at Community National Bank contact Michael D. Ogus, VP of Small Business Lending at the Huntington Commercial Loan Center at (631) 935-1611 (ext. 209) or visit the Bank’s website at www.cnbny.com.

GREAT NECK, NY – Community National Bank (CNB) (stock symbol CBNY, OTCBB), Long Island’s fastest growing commercial community bank, announces the appointment of Scott D. McGrath as the new Branch Manager, Vice President of its Rockville Centre branch located at 333 Merrick Road. An East Meadow resident, Mr. McGrath will be responsible for managing the daily processes and staff of the branch, offering exceptional service to clients, and developing new business.

Prior to joining CNB, Mr. McGrath was a Business Development Officer at Sterling National Bank, a Group Director at Signature Bank and a Branch Manager for Republic National Bank (now HSBC).

Mr. McGrath received his Bachelor’s degree in Banking and Finance from Hofstra University. He is a member of the “Preferred Providers Network” networking group in Jericho, NY and is planning to join The Rockville Centre Chamber of Commerce and Business Network International (BNI).

Stuart Lubow, Chairman, President, and CEO of Community National Bank, said, “Mr. McGrath has the experience and skill set to manage our Rockville Centre branch and the drive to guide the branch on its path to continuing success. We look forward to working with him and welcome him to our team.”

Community National Bank is a Long Island-based independent commercial bank offering a full range of modern financial services, backed by state-of-the-art technology. In addition to residential mortgages, home equity lines of credit, commercial mortgages and business loans and lines of credit, the bank provides a complete selection of traditional personal and commercial banking products such as no-fee individual and business checking accounts, IRA accounts, and statement and passbook savings.

Other features include extended lobby hours weekdays plus both Saturday and Sunday hours, 24-hour ATM service, free internet banking, and much more. Community National Bank also offers DeskTop Banker, a service that allows local merchants to deposit checks electronically, without leaving their store or office. As a Small Business Administration (SBA) preferred lender, CNB also offers special loan and financial management programs designed to help small and medium size businesses succeed.

Community National Bank is a member of the FDIC and is an Equal Housing/Equal Opportunity Lender. For more information about Community National Bank contact Donna Frasco, Senior Vice President, Chief Retail Officer of Community National Bank at 516-498-9111 or visit the Bank’s website at www.cnbny.com.

Marie McGrade (left) and husband, Thomas McGrade of Lynbrook, NY, stand with their prize, a 42” HDTV, from the Community National Bank’s Step into Spring Sweepstakes, held at the grand opening of the Bank’s Rockville Centre branch.

GREAT NECK, NY

Top Winner Community National Bank’s (CNB) Chairman, President & CEO, Stuart Lubow (right) congratulates Rockville Centre resident, Leonard Goodstein, the $250 grand prize winner at CNB’s Rockville Centre, Long Island branch grand opening on May 2nd.

A Check for the PBA Community National Bank’s (CNB) Chairman, President & CEO, Stuart Lubow (third from left) presents a $250 check to the Rockville Centre Police Benevolent Association’s VP, Scott Lambert (second from left) during the CNB’s Rockville Centre, Long Island branch grand opening on May 2nd. They are flanked by Rockville Centre Mayor, Mary W. Bossart (far left) and CNB’s Rockville Centre branch manager, Joe Passeggiata (far right.)

Community National Bank Ribbon Cutting Various local dignitaries, county executives and chamber members commemorated the grand opening of the Community National Bank’s Rockville Center, Long Island branch with a ribbon cutting on May 1st. CNB was presented with a certificate of recognition and a citation from the Town of Hempstead and a Nassau County Office of the Executive citation, as well.

GREAT NECK, NY – Community National Bank (CNB) (stock symbol CBNY, OTCBB), Long Island’s fastest growing commercial community bank, held its well-attended Rockville Centre branch grand opening on Saturday, May 2nd. Located at 333 Merrick Road in Rockville Centre, the bank is CNB’s seventh branch on Long Island. In addition to souvenirs, gifts, refreshments and entertainment, the grand opening featured a special 2.25% APY for opening a statement savings account with a minimum deposit of $100, guaranteed until June 30th, and special grand opening rates for its 6- and 9-month CDs, with a minimum deposit of $500. The new Rockville Centre branch manager is Joseph P. Passeggiata.

The first 200 adults to attend received a handsome travel mug, some of which contained $1 to $250 cash. The big winners were Leonard Goodstein who won $250 and Raymond Dixon who won $100, both Rockville Centre residents.

The grand opening also kicked off the month-long Step into Spring Sweepstakes for the grand prize of a 42” HDTV.

“Rockville Centre is a great town for Community National Bank and we are happy to have finally found a location where we can put down roots and become part of the fabric of this flourishing community,” said CNB Chairman, President and CEO, Stuart Lubow.

Located in a free standing 3,400 sq. ft. building, the Community National Bank in Rockville Centre has ample parking, two drive-throughs, free online banking with bill pay, a 24-hour ATM and extended lobby hours on weekdays as well as Saturday and Sunday hours. In addition to its corporate office in Great Neck, CNB has branch offices in Garden City, Woodbury, Oceanside, Huntington and New Hyde Park.

Community National Bank is a Long Island-based, independent commercial bank offering a full range of modern financial services, backed by state-of-the-art technology. In addition to residential mortgages, home equity lines of credit, commercial mortgages, business loans and lines of credit, the bank provides a complete selection of traditional personal and commercial banking products such as no-fee individual and business checking accounts, IRA accounts, and statement savings accounts.

CNB also offers DeskTop Banker, a service that allows local merchants to deposit checks electronically, without leaving their store or office. As a Small Business Administration (SBA) preferred lender, CNB is also able to offer special loan and financial management programs designed to help small and medium size businesses succeed.

Community National Bank is a member of the FDIC and is an Equal Housing/Equal Opportunity Lender. For more information about Community National Bank contact Donna Frasco, Senior Vice President, Chief Retail Officer of Community National Bank at 516-498-9111 or visit the Bank’s website at www.cnbny.com.

CNB Opens its Seventh Branch, Located in Rockville Centre, on March 9th

GREAT NECK, NY – Community National Bank (CNB) (stock symbol CBNY, OTCBB), Long Island’s fastest growing commercial community bank, announces that it has just opened its seventh branch, located at 333 Merrick Road in Rockville Centre, Long Island on Monday, March 9th. The new branch manager is Joseph P. Passeggiata. A grand opening celebration is planned for early May. Please look for an announcement detailing the grand opening in April.

“We are proud to expand our branch network into Rockville Centre. It will be our seventh full-service branch on Long Island,” said CNB Chairman, President and CEO, Stuart Lubow. “At CNB we offer our customers the highly personalized service of a local, community bank with the high-tech products they expect. We look forward to serving the people and small and medium size businesses of Rockville Centre and to developing long-term relationships with them.”

Located in a free standing 3,400 sq. ft. building, the Community National Bank in Rockville Centre has ample parking, two drive-throughs, free online banking with bill pay, a 24-hour ATM and extended lobby hours on weekdays as well as Saturday and Sunday hours. In addition to its corporate office in Great Neck, CNB has branch offices in Garden City, Woodbury, Oceanside, Huntington and New Hyde Park.

Community National Bank is a Long Island-based, independent commercial bank offering a full range of modern financial services, backed by state-of-the-art technology. In addition to residential mortgages, home equity lines of credit, commercial mortgages, business loans and lines of credit, the bank provides a complete selection of traditional personal and commercial banking products such as no-fee individual and business checking accounts, IRA accounts, and statement and passbook savings.

CNB also offers DeskTop Banker, a service that allows local merchants to deposit checks electronically, without leaving their store or office. As a Small Business Administration (SBA) preferred lender, CNB is also able to offer special loan and financial management programs designed to help small and medium size business succeed.

Community National Bank is a member of the FDIC and is an Equal Housing/Equal Opportunity Lender. For more information about Community National Bank contact Donna Frasco, Senior Vice President, Chief Retail Officer of Community National Bank at 516-498-9111 or visit the Bank’s website at www.cnbny.com.

CNB Appoints William Cherry as New VP, Branch Manager of its New Hyde Park Branch

GREAT NECK, NY – Community National Bank (CNB) (stock symbol CNBNY, OTCBB), Long Island’s fastest growing commercial community bank, announces the appointment of William E. Cherry as the new VP, Branch Manager of its New Hyde Park branch located at 799 Hillside Avenue. Mr. Cherry will be responsible for managing the day-to-day operations of the branch, monitoring and evaluating sales results and productivity levels, cultivating new business development opportunities and ensuring quality customer service while maintaining operational compliance.

Prior to joining CNB, Mr. Cherry was Market Manager and Branch Manager at Bank of America, Business Banker and Branch Manager at Citibank, N.A. and Export Sales Manager at Bio-Rad Laboratories.

After graduating from Mineola High School, Mr. Cherry attended St. Leo University for business administration and took courses at Foundations in Financial Planning in New York, New York and Managing People in Miami, Florida.

Mr. Cherry is active in many business and civic associations including the Graham Avenue Civic Association, the Bedford Stuyvesant Restoration Revolving Loan Committee/ Flatbush Avenue BID Association, the Rosedale Boys and Girls Club of America/ Brooklyn Read Aloud Program and the 42nd Street Civic Association. He resides in West Hempstead.

Stuart Lubow, Chairman, President, and CEO of Community National Bank, said, “Mr. Cherry has the experience, drive and financial acumen to successfully manage and grow CNB’s New Hyde Park branch. We welcome him to our team and look forward to working with him.”

Community National Bank is a Long Island-based independent commercial bank offering a full range of modern financial services, backed by state-of-the-art technology. In addition to residential mortgages, home equity lines of credit, commercial mortgages and business loans and lines of credit, the bank provides a complete selection of traditional personal and commercial banking products such as no-fee individual and business checking accounts, IRA accounts, and statement and passbook savings.

Other features include extended lobby hours weekdays plus both Saturday and Sunday hours, 24-hour ATM service, free internet banking, and much more. Community National Bank also offers DeskTop Banker, a service that allows local merchants to deposit checks electronically, without leaving their store or office. As a Small Business Administration (SBA) preferred lender, CNB also offers special loan and financial management programs designed to help small and medium size businesses succeed.

Community National Bank is a member of the FDIC and is an Equal Housing/Equal Opportunity Lender. For more information about Community National Bank contact Donna Frasco, Senior Vice President, Chief Retail Officer of Community National Bank at 516-498-9111 or visit the Bank’s website at www.cnbny.com.

CNB Appoints Adrienne Greene as the New VP/Branch Manager of its Great Neck Headquarters

GREAT NECK, NY – Community National Bank (CNB) (stock symbol CNBNY, OTCBB), Long Island’s fastest growing commercial community bank, announces the appointment of Adrienne B. Greene to the position of VP/Branch Manager of its Great Neck headquarters. Ms. Greene will be responsible for the acquisition of customers by cultivating and maintaining relationships with businesses, municipalities, and members of the community.

Prior to joining CNB, Ms. Greene was Branch Manager at Commerce Bank, a Branch Manager, Small Business Relationship Manager, Business Development Officer and Workout Officer at J.P. Morgan Chase Bank, and an Adjunct Professor at Long Island University.

Ms. Greene has also been involved in numerous business, professional and civic organizations including the Great Neck Chamber of Commerce, the Great Neck Rotary, the Nassau County Council of Chambers representing Great Neck, and Junior Achievement.

Ms. Greene has a Paralegal degree, a Marketing degree and a Master’s of Business Administration degree from Long Island University.

Stuart Lubow, Chairman, President, and CEO of Community National Bank, said, “I am pleased to welcome Adrienne Greene to our professional team at Community National Bank. Her diversified banking experience, business organization affiliations and volunteer activities make her not only an asset to Community National Bank, but to the Great Neck community, as well.”

Community National Bank is a Long Island-based independent commercial bank offering a full range of modern financial services, backed by state-of-the-art technology. In addition to residential mortgages, home equity lines of credit, commercial mortgages and business loans and lines of credit, the bank provides a complete selection of traditional personal and commercial banking products such as no-fee individual and business checking accounts, IRA accounts, and statement and passbook savings.

Other features include extended lobby hours weekdays plus both Saturday and Sunday hours, 24-hour ATM service, free internet banking, and much more. Community National Bank also offers DeskTop Banker, a service that allows local merchants to deposit checks electronically, without leaving their store or office. As a Small Business Administration (SBA) preferred lender, CNB also offers special loan and financial management programs designed to help small and medium size businesses succeed.

Community National Bank is a member of the FDIC and is an Equal Housing/Equal Opportunity Lender. For more information about Community National Bank contact Donna Frasco, Senior Vice President, Chief Retail Officer of Community National Bank at 516-498-9111 or visit the Bank’s website at www.cnbny.com.

CNB Appoints Vita Scaturro, New VP and Branch Manager for CNB’s Huntington, Long Island Branch

GREAT NECK, NY – Community National Bank (CNB) (stock symbol CBNY, OTCBB), Long Island’s fastest growing commercial community bank, recently appointed Vita M. Scaturro as the new Vice President and Branch Manager for CNB’s Huntington, Long Island branch.

A 20 year resident of Huntington Station, Vita will be responsible for cultivating and maintaining relationships in the Huntington community with businesses, municipalities, and members of the community.

Prior to joining Community National Bank, Ms. Scaturro held a number of positions with Chase Bank including Branch Manager, Small Business Relationship Manager, Credit Support Officer and Assistant Branch Manager. Vita has over 30 years experience in the financial industry, including areas of new business development, sales management, and staff development.

“Vita Scaturro’s impressive track record speaks for itself,” said Stuart Lubow, Chairman, President and CEO of Community National Bank. “She is a results-driven, motivational leader with a special talent for building cooperative and productive work environments that foster achievement of corporate goals. We are proud that Vita is now part of the Community National Bank team.”

Ms. Scaturro attended Baruch College and the Chase Manhattan Bank Credit Training program. She also took courses for selling New York health & life insurance and achieved NASD Series 6 certification. Vita Scaturro is on the Board of Directors for the Huntington Chamber of Commerce Diversity Council.

Community National Bank is a Long Island-based independent commercial bank offering a full range of modern financial services, backed by state-of-the-art technology. In addition to residential mortgages, home equity lines of credit, commercial mortgages and business loans and lines of credit, the bank provides a complete selection of traditional personal and commercial banking products such as no-fee individual and business checking accounts, IRA accounts, and statement and passbook savings.

Other features include extended lobby hours weekdays plus both Saturday and Sunday hours, 24-hour ATM service, free internet banking, and much more. Community National Bank also offers DeskTop Banker, a service that allows local merchants to deposit checks electronically, without leaving their store or office. As a Small Business Administration (SBA) preferred lender, CNB also offers special loan and financial management programs designed to help small and medium size businesses succeed.

Community National Bank is a member of the FDIC and is an Equal Housing/Equal Opportunity Lender. For more information about Community National Bank contact Donna Frasco, Senior Vice President, Chief Retail Officer of Community National Bank at 516-498-9111 or visit the Bank’s website at www.cnbny.com.

Community National Bank Raises $18.7 Million in Capital

GREAT NECK, NY – Community National Bank (OTC: CBNY) announced today that it has completed its secondary common stock offering, raising approximately $18.7 million in additional capital. The new capital will enable CNB to continue its growth strategy and allow the bank to take advantage of opportunities that may arise due to the recent turmoil in the financial market.

The company issued 1,871,000 shares at a price of $10.00 per share. The capital will raise Community National Bank’s tangible capital level to 15.06% and its tier 1 risk based capital to 20.87%.

Stuart Lubow, Chairman, President and CEO commented: “We are very pleased to have successfully completed this secondary common stock offering during this most difficult time. The additional capital will allow CNB to continue its growth strategy and branch expansion plans, as well as enable CNB to take advantage of potential opportunities that may arise.”

Mr. Lubow further commented that: “CNB has opened four new branches last year and expects to open its seventh location in Rockville Centre, NY in the first quarter of 2009. Community National Bank assets have grown to $308.8 million as of September 30, 2008 an increase of $69 million or 29% as compared to December 31, 2007. In addition, deposits and loans have increased 29% and 47% respectively during this period. Lastly, the bank’s loan and investment portfolios continue to display extremely high credit quality and as such the bank had no non-performing loans as of September 30, 2008.”

Founded in 2005, Community National Bank is a full service community commercial Bank providing a wide variety of financial products and services to businesses and individuals within its marketplace. Community National Bank is a member of the FDIC and is an Equal Housing/Equal Opportunity Lender. For more information about Community National Bank contact Stuart Lubow Chairman, President and CEO of Community National Bank at 516-498-9111 or visit the Bank’s website at www.cnbny.com.

Stuart H. Lubow Named Community National Bank Chairman

GREAT NECK, NY – The Board of Directors of Community National Bank (stock symbol CBNY, OTCBB), has announced that Stuart H. Lubow, the bank’s President and CEO, has been named CNB’s Chairman of the Board. Mr. Lubow succeeds the former Chairman, Michael E. Levin, who recently retired.

“I have thoroughly enjoyed starting and running the Community National Bank,” said Mr. Lubow. “Our hard work and dedication to providing cutting-edge services tailored to meet the financial needs of small and medium sized businesses, professionals and individuals in our neighborhoods have made CNB what it is today, Long Island’s fastest growing commercial community bank.”

In addition to naming Mr. Lubow Chairman, the CNB Board of Directors welcomed Christian Yegen, a real estate investor from Tenafly, NJ, who became the Board’s newest member on May 1st.

Community National Bank is a Long Island-based independent commercial bank offering a full range of modern financial services, backed by state-of-the-art technology. In addition to residential mortgages, home equity lines of credit, commercial mortgages and business loans and lines of credit, the bank provides a complete selection of traditional personal and commercial banking products such as no-fee individual and business checking accounts, IRA accounts, and statement and passbook savings.

Other features include extended lobby hours weekdays plus both Saturday and Sunday hours, 24-hour ATM service, free internet banking, and much more. Community National Bank also offers DeskTop Banker, a service that allows local merchants to deposit checks electronically, without leaving their store or office. As a Small Business Administration (SBA) preferred lender, CNB also offers special loan and financial management programs designed to help small and medium size businesses succeed.

Community National Bank is a member of the FDIC and is an Equal Housing/Equal Opportunity Lender. For more information about Community National Bank contact Donna Frasco, First Vice President, Retail Division of Community National Bank at 516-498-9111.