March 24, 2022

On March 22, 2022, Quarry City Savings and Loan Association, Warrensburg, Missouri, entered into a definitive agreement to be acquired by Community Bancorp, Inc., Chanute, Kansas, and its wholly owned subsidiary, Community National Bank & Trust. Quarry City will merge with and into Community National in an all-cash transaction valued at approximately $10.4 million.

Quarry City Savings and Loan Association is a Missouri savings association with approximately $71.3 million in assets and one full-service banking office in Warrensburg, Missouri.

Community Bancorp, Inc. has approximately $2.1 billion in consolidated assets and 39 locations in Kansas, Missouri and Oklahoma.

Luse Gorman is serving as legal counsel to Quarry City Savings and Loan Association in the transaction. The Luse Gorman team consists of Steven Lanter, Thomas Hutton and Beverly White.

Luse Gorman has acted as counsel on more than 100 bank M&A transactions during the past five years and more bank M&A transactions than any other law firm in the nation over the past 20 years. To learn more about our mergers and acquisitions practice, please visit our website.