Community Bancorp in Chanute, Kan., has agreed to buy Quarry City Savings and Loan Association in Warrensburg, Mo. The parent of the $1.9 billion-asset Community National Bank & Trust said in a press release Tuesday that it will pay $10.4 million in cash for the $71.3 million-asset Quarry City, subject to adjustment. The deal is expected to close in the third quarter. "We are pleased with the opportunity to welcome Quarry City

Several bank mergers have been disclosed by the Federal Reserve. The Fed listed the pending transactions in a pair of public notices.Northeast Kansas Bancshares in Overland Park has agreed to acquire Bank of Orrick in Missouri.Community Bancshares of America, a group formed to buy banks, acquired Northeast Kansas Bancshares, the parent of the $115 million-asset Kendall Bank, to advance that strategy. Bank of Orrick has $43.6 million of assets. First Artesia Bancshares

Loyola University Maryland has hired a former bank CEO as the next dean of is business school. The university said in a press release that Mary Ann Scully will join the Rev. Joseph A. Sellinger, S.J., School of Business and Management on July 1. Scully co-founded Howard Bank and was its chairman and CEO for 18 years. The $2.6 billion-asset bank was sold to F.N.B. Corp. earlier this year. She earned an MBA in

A proposed bank in Colorado has a business plan that involves dealing in precious metals. Organizers of the proposed Battle Bank in Avon said in their application with the Federal Deposit Insurance Corp. that the de novo plans to offer clients opportunities to buy, sell, take delivery of, and store non-FDIC insured precious metals. The bank would also originate loans backed by precious metals. Those metals could include gold, silver, platinum and

EntreBank has opened in Bloomington, Minn., just seven months after filing its application with the Federal Deposit Insurance Corp.The de novo opened after receiving conditional approval from the FDIC in January and raising nearly $45 million of initial capital, exceeding what was stipulated in the agency's order.Organizers applied with the FDIC for deposit insurance in August. They changed the proposed bank’s name from Brava Bank to EntreBank. The bank is as a unit of Entrepreneurs Bancshares.

Everett Co-operative Bank in Massachusetts is planning to convert from a mutual to a stock-owned company. The $733 million-asset mutual recently filed an application with the Federal Reserve tied to the planned conversion. It would operate as a unit of ECB Bancorp. ECB said in a prospectus that it plans to sell 7.9 million to 12.2 million shares of common stock. Net proceeds would likely range from $76.4 million to

Amalgamated Financial in New York said Amalgamated Bank of Chicago could pursue compensatory damager after their proposed merger fell through. The $6.9 billion-asset Amalgamated Financial announced in February that it had pulled its application to buy the $1 billion-asset Amalgamated Bank for $98.1 million in cash. The New York bank said it withdrew the application “due to an inability to obtain” regulatory approval. Amalgamated in Chicago had a different take when the

Liberty Bank in Middletown, Conn., created a checking account that replaces overdraft fees with a monthly maintenance fee. The $7.4 billion-asset bank said in a press release that the BankSmart product is designed to connect with more underbanked and unbanked consumers. The product includes free 24-hour in network ATM and online banking access, free monthly e-statements and a debit MasterCard, among other things. Liberty will waive the $3.95 monthly fee for customers