FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person * JAMISON EDWARD M   2. Issuer Name and Ticker or Trading Symbol Community Bancorp [CBON] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) PRESIDENT/C.E.O. (Last) (First) (Middle) 400 S. 4TH STREET, SUITE 215 3. Date of Earliest Transaction (Month/Day/Year) 06/15/2006 (Street) LAS VEGAS, NV 89101 4. If Amendment, Date Original Filed(Month/Day/Year) 06/19/2006 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

STOCK OPTIONS

$ 30.6

06/15/2006

06/15/2006

A

20,000

06/15/2006

06/15/2016

COMMON STOCK

20,000

$ 30.6

94,000

D

STOCK OPTIONS

$ 30.6

06/15/2006

06/15/2006

A

20,000

06/15/2007(1)

06/15/2016

COMMON STOCK

20,000

$ 30.6

114,000

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
JAMISON EDWARD M 400 S. 4TH STREET, SUITE 215 LAS VEGAS, NV 89101	X		PRESIDENT/C.E.O.

Signatures

/s/ EDWARD M. JAMISON		07/03/2006
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	20% OF OPTIONS GRANTED BECOME EXERCISABLE AT THE END OF EACH YEAR FOLLOWING THE GRANT DATE
Remarks: On June 15, 2006, Mr. Jamison was granted an option to acquire a total of 40,000 shares of common stock.  Of the total shares, 20,000 were granted as non-qualified stock options with immediate vesting.  The additional 20,000 were granted as incentive stock options with a vesting schedule of 20% each year following the grant date and will be fully exercisable on June 15, 2011.  This amended Form 4 is being filed to correctly state the types of options granted.

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