Contact [emailprotected] to report inaccurate info or to request offers be included in this website. The following banks and credit unions have the highest CD rates for 12 months. About Community Bancorp and Community National. Community National Bank and Trust provide money-saving products, including competitive CD rates, checking accounts, and savings accounts. No reviews have been left for this bank yet.
Fixed annuities offer a guaranteed return for a set amount of years, similar to a CD. Expand the listing to see APYs for other deposit amounts. Neither Quarry City nor Community undertake any obligation to update any forward-looking statement to reflect circumstances or events that occur after the date the forward-looking statements are made, except as required by law. Therefore, management of Quarry City or Community can give no assurance that the results contemplated in the forward-looking statements will be realized. Both institutions share the principles of caring for their employees, the communities they serve and providing high quality products and services to their customers. The following banks and credit unions have the highest CD rates for 3 years. Although management believes that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove to be inaccurate. The Annuity Expert is a licensed annuity broker and insurance agency since 2008. The following banks and credit unions have the highest CD rates for 5 years. ", Steve Andrew, President and Chief Executive Officer of Quarry City, said, "We are excited to partner with Community National, a leading community bank. However, if you do have a condition, please contact us to help you find a policy. Examples include losing control over your money, poor growth performance, or less monthly income. When typing in this field, a list of search results will appear and be automatically updated as you type. And do not try to skip the medical exam; you will likely be denied coverage if you do so. from 8 AM - 9 PM ET. The following banks and credit unions have the highest CD rates for 24 months. The following banks and credit unions have the highest CD rates for 3 months. Daniel Mildfelt, President and Chief Executive Officer of Community Bancorp and Community National, said, "We are pleased with the opportunity to welcome Quarry City and its employees and customers to Community National.
With that said, we offer a pressure-free environment with no unwanted calls or emails. This guide will compare the Community National Bank and Trust rates to CD, money market, and savings account rates from the USAs top banks. We currently anticipate that the transaction will close in the third quarter of 2022. Learn the differences and benefits between Fixed Annuities and Certificate of Deposits (CD). We make a predetermined commission from the insurance company (not you) if you purchase life insurance through The Annuity Expert.
All subsequent written and oral forward-looking statements attributable to Quarry City or Community or any person acting on their behalf are expressly qualified in their entirety by the cautionary statements above. This is good news for our community as Community National will continue to maintain our Warrensburg office and the Bank will have significantly more financial strength.". An annuity is an insurance policy guaranteed by the insurance companys claims-paying ability. Find the highest interest rates for your savings ranging from 3 months to 5 years. * The APY shown varies based on the deposit amount. The all-cash aggregate merger consideration for the transaction, after accounting for all of the estimated transaction costs on a tax-effected basis, is estimated to be $10.37 million, subject to further adjustment as provided in the definitive agreement. Fixed Annuities and Certificate of Deposits (CD), When Can I Retire And How Long Will My Money Last, How To Invest In Stocks For Retirement Safely, How To Avoid Paying Taxes on An Inheritance, How To Protect 401k and IRA Against a Stock Market Crash, How To Keep Up With Inflation in Retirement, Converting Retirement Plans Into Income Efficiently, Paying Healthcare and Long-Term Care Costs. The merger will provide an opportunity for our customers to join a much larger, yet community bank-oriented, banking network, with expanded products and services, while employees will benefit from the opportunity to work for a growing community bank. Quarry City is being advised by The Capital Corporation as financial advisor and Luse Gorman, PC as legal counsel. Quarry City is a Missouri-chartered savings association which 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. Community National Bank & Trust has a B+ health rating. We are not Community National Bank & Trust; we are a rate comparison website and cannot provide official rates or promotions. There are zero fees to manage the annuities as well. We are not affiliated with the financial institutions included in this website. About Quarry City Savings and Loan Association.
We have been recognized as an authority of insurance by: Our goal is to provide you with the best life insurance coverage at the cheapest cost to you. Community National Bank & Trust is a community bank, headquartered in Chanute, Kansas with 39 locations in Kansas, Missouri and Oklahoma. As a result, Quarry City shareholders should not assume they will receive $25.42 per share upon closing of the transaction.
The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. The Annuity Expert is anonline insurance agency servicing consumers across the United States. With that said, we offer a pressure-free environment with no unwanted calls or emails. As of December 31, 2021, Quarry City reported $71.3 million in total assets and total equity capital of $9.6 million. Fixed annuities are almost identical to Certificates of Deposit (CDs) accounts and provide higher interest rates and penalty-free withdrawals for income. Consider a deferred annuity with a lifetime income rider if youre spending the interest from aCD or a fixed annuityto supplement your retirement income. Guaranteed crediting rates for the terms below: Fixed annuities are notFDICinsured but have similar protections for your money. The inclusion of this forward-looking information should not be construed as a representation by Quarry City or Community or any person that the future events, plans or expectations contemplated will be achieved. For example, Georgia insures up to $250,000 of the annuitys cash value per insured life if the insurance company becomes insolvent and can not fulfill its obligations to the insured. Disclaimer: This is a review. The following banks and credit unions have the highest CD rates for 4 years. Words such as, but not limited to, "believe," "expect," "anticipate," "estimate," "intend," "plan," "targets," "likely," "will," "would," "could," and similar expressions or phrases identify forward-looking statements. Community National Bank & Trust is headquartered in Chanute and is the 9th largest bank in the state of Kansas. The proposed transaction will merge Quarry City with and into Community National with Community National surviving the merger and Quarry City will cease to exist. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The Annuity Expert is not associated with a bank or credit union. This press release includes forward-looking statements that relate to the business and expected future events or future performance of Quarry City and Community and involve known and unknown risks, uncertainties and other factors that may cause its actual results, levels of activity, performance or achievements to differ materially from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Quarry City operates a full-service banking office in Warrensburg, Missouri. CHANUTE, Kan. and WARRENSBURG, Mo., March 22, 2022 /PRNewswire/ --Community Bancorp, Inc. ("Community Bancorp"), the bank holding company of Community National Bank & Trust ("Community National" and collectively with Community Bancorp, "Community"), a national bank with its principal office in Chanute, Kansas, have reached a definitive agreement with Quarry City Savings and Loan Association ("Quarry City") (OTC Pink: "QRRY"), a Missouri savings association headquartered in Warrensburg, Missouri, to acquire Quarry City. Each state insurance guarantee association protects consumers in the unlikely event the insurance company fails and defaults on its obligations to their consumers (limits vary per state). Always verify rates and promotions with the bank or credit union. My goal is to help you take the guesswork out of retirement planning or find the best insurance coverage at the cheapest rates for you. Some lifetime income riders offer a retirement income that increases to keep up with inflation, helps pay forlong-term care expenses, and offer anenhanced death benefitto help your beneficiaries. We have been recognized as an authority of annuities and insurance by: Not all annuities are created equally. Factors that could cause actual results to differ materially from management's projections, forecasts, estimates and expectations include, but are not limited to: fluctuation in market rates of interest and loan and deposit pricing, adverse changes in the national or regional economy as well as adverse economic conditions in the local market areas, including as a result of the coronavirus pandemic, the ability to complete the transaction and recognize the expected benefits and synergies, maintenance and development of well-established and valued client relationships and referral source relationships, and acquisition or loss of key production personnel. These annuities would offer a guaranteed income for life (even if the annuity ran out of money), removing the concern of making your money last in retirement and running out of money. We offer the largest selection of life insurance in the United States. The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Our goal is to provide you with the best income in retirement and/or consistently grow your retirement savings while protecting your principal and offering control over your nest egg. Be the first to review. When applying for life insurance online, please be careful. Our service is free of charge to you. How Much Should I Have in Retirement at 40? Information provided is written by a financial professionalnot a content writer with no financial experience. Finance, MSN, SmartAsset, Entrepreneur, Bloomberg, The Simple Dollar, U.S. News and World Report, and Womens Health Magazine. We offer the largest selection of annuities in the United States. See how much money you can save with a 3-month CD today! 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. This is because if you have been declined coverage by an insurance company, most companies will not consider you for two years. We make a predetermined commission from the insurance company (not you) if you purchase an annuity through The Annuity Expert. Important Cautionary Notes Regarding Forward-Looking Statements. Read more for additional annuity tips.
In fact, there are annuities that provide more harm than good which is why it is critical to use an annuity expert. Copyright (2022) LendingTree, LLC | All rights reserved.
The transaction is subject to customary closing conditions, including the receipt of approvals from the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency and the shareholders of Quarry City.
It was established in 1987 and as of March of 2022, it had grown to 444 employees at 39 locations. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Community National is being advised by Minter & Pollak, LC. Our customers should rest assured that they will continue to see the same friendly faces they always have except that now we will be able to offer additional cutting-edge products and services. Our service is free of charge to you. Why settle for less than 1% on your money when you can earn 3% and liquidity? However, fixed annuities are sold at most financial institutions. Disclaimer: I may receive a small referral fee if you purchase something using a link in this article. Community National Bank and Trust Savings Account Rates, Community National Bank and Trust CD Rates. Im a licensed financial professional focusing on annuities and insurance for more than a decade. Our goal is to help you find the highest interest rates for your retirement savings. The forward-looking statements are made as of the date of this press release. The insurance companies are members of thestate insurance guarantee associationsin each state where they do business. There are zero fees to manage the policy as well. My former role was training financial advisors, including for a Fortune Global 500 insurance company. The Annuity Expert is a licensed annuity broker and insurance agency since 2008. If you are healthy and do not have any medical conditions, getting coverage should not be a problem. As two community-minded banks, we are proud to strengthen our local impact and support new markets. Ive been featured in Time Magazine, Yahoo! Cision Distribution 888-776-0942 Quarry City currently estimates that, without any further adjustments, this will result in approximately $25.42 per share cash consideration to the current holders of Quarry City common stock. enhanced death benefitto help your beneficiaries.