Community posts record profits

LAKEWOOD RANCH — Community Bank & Co. earned a net income of $1.6 million in the second quarter of 2011, its highest earnings total.

The Lakewood Ranch-based bank says its acquisition of First Community Bank of America helped fuel that earnings growth. Additionally, assets grew past $760 million; deposits are now just slightly less than $600 million; and the bank's loan portfolio is roughly $530 million.

Last week, Community Bank hired 22 new employees at a job fair in St. Petersburg. The new additions will give the bank 166 total employees by the end of the third quarter.