M&A Deal Summary

Community National Bank & Trust Acquires Quarry City

On March 22, 2022, Community National Bank & Trust acquired financial services company Quarry City for 10M USD

Acquisition Highlights
  • This is Community National Bank & Trust’s 1st transaction in the Financial Services sector.
  • This is Community National Bank & Trust’s largest (disclosed) transaction.
  • This is Community National Bank & Trust’s 1st transaction in the United States.
  • This is Community National Bank & Trust’s 1st transaction in Missouri.

M&A Deal Summary
Date 2022-03-22
Target Quarry City
Sector Financial Services
Buyer(s) Community National Bank & Trust
Deal Type Merger
Deal Value 10M USD
Advisor(s) The Capital Corp. (Financial)
Luse Gorman (Legal)

Target

Quarry City

Warrensburg, Missouri, United States
website
Quarry City offers financial services to individuals, families, and businesses through its full-service office located in Warrensburg, Missouri, which is the County Seat of Johnson County, located in west-central Missouri.

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Buyer(S) 1

Buyer

Community National Bank & Trust

Chanute, Kansas, United States

website

Category Company
Sector Financial Services
DESCRIPTION

Community National Bank & Trust offers a wide array of unique checking account products, internet, and mobile banking, savings, diversified lending in residential, agricultural, commercial, and consumer lending, leasing, commercial cash management, and trust services. Community National Bank & Trust is based in Chanute, Kansas.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Merger) 1 of 1
State (Missouri) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal