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 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.