Quarry City Savings and Loan Association and Community Bancorp, Inc. and Community National Bank & Trust Announce Expected Final Merger Consideration and Expected Merger Closing Date
CHANUTE, Kan. and WARRENSBURG, Mo., September 20, 2022 /PRNewswire/ — Community Bancorp, Inc., the bank holding company of Community National Bank & Trust, a national bank headquartered in Chanute, Kansas (collectively, the “Community”) and Quarry City Savings and Loan Association (“Quarry City”) (OTC Expert Market: “QRRY”), a Missouri savings association headquartered in Warrensburg, Missouri, announced today that they have received all necessary regulatory approvals to complete the merger of Quarry City with and into Community. In addition, Quarry City has received the required approval from its shareholders. Accordingly, the merger is expected to be consummated at the close of business on September 23, 2022.
The transaction is expected to result in the payment of $25.36 per share in cash to Quarry City shareholders. It is expected that the exchange agent, Computershare Trust Company, NA (“Computershare”), will commence payment of the Merger Consideration to Quarry City shareholders on or about September 26, 2022. Quarry City shareholders with questions about receipt of merger consideration should contact Computershare at (800) 546-5141.
Quarry City was advised by The Capital Corporation as financial advisor and Luse Gorman, CP as a legal adviser. Community National was advised by Minter & Pollak, LC.
About Community Bancorp and Community National
Community National Bank & Trust is a community bank, headquartered in Chanute, Kansas with 39 locations in Kansas, Missouri and Oklahoma. Community National Bank & Trust offers a wide range of unique products from checking accounts, internet and mobile banking, savings, diversified loans in residential, agricultural, commercial and consumer loans, leasing, commercial cash management and fiduciary services.
About Quarry City Savings and Loan Association
Quarry City is a Missouri-licensed savings association that provides financial services to individuals, families and businesses through its full-service office located in Warrensburg, Missouriwhich is the county seat of Johnson Countylocated in the mid-west Missouri. Quarry City operated continuously in Warrensburg, Missouri since its founding in 1890.
SOURCE Quarry City Savings and Loan