Quarry City Savings and Loan Association and Community Bancorp, Inc. and Community National Bank & Trust Announce Expected Final Merger Review and Expected Merger Closing Date

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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 Chanut, Kansas (collectively, “Community”) and Quarry City Savings and Loan Association (“Quarry City”) (OTC Expert Market: “QRRY”), a Missouri Savings association based in Warrensburg, Missouri, announced today that they have received all necessary regulatory approvals to complete Quarry City’s merger with and into Community. In addition, Quarry City has received the necessary approvals from its shareholders. Accordingly, the merger is expected to be completed by close of business September 23, 2022.

The transaction is expected to result in a cash payment of $25.36 per share to Quarry City shareholders. It is expected that the exchange agent, Computershare Trust Company, NA (“Computershare”), will begin paying the Merger Consideration to Quarry City shareholders on or about the date September 26, 2022. Quarry City shareholders with questions about receiving the merger consideration should contact Computershare at (800) 546-5141.

Quarry City has been advised by The Capital Corporation as financial advisor and Luse Gorman, PC as legal counsel. Community National was advised by Minter & Pollak, LC.

Through Community Bancorp and Community National

Community National Bank & Trust is a community bank headquartered in Chanut, Kansas with 39 locations in Kansas, Missouri and Oklahoma. Community National Bank & Trust offers a wide range of unique checking account products, internet and mobile banking, savings, diversified lending in the areas of residential, farm, commercial and consumer credit, leasing, commercial cash management and trustee services.

About Quarry City Savings and Loan Association

Quarry City is a Missouri-chartered savings company offering financial services to individuals, families and businesses through its full service office in Warrensburg, Missourithat is the county seat of Johnson Countyis located in the central west Missouri. Quarry City operates continuously Warrensburg, Missouri since its inception in 1890.

SOURCE Quarry City Savings & Loan

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