Equity Bancshares, Inc. has recently completed a merger with Kansasland Bancshares, Inc., expanding its presence in Kansas. With the acquisition, Equity has added to its existing presence in Quinter, Kansas and expanded into Americus, Kansas. The merger was announced 71 days ago and the locations opened as Equity Bank on July 2, 2024. Equity now operates 74 locations in Kansas, Missouri, Arkansas, and Oklahoma, with a total of 37 banks in its Kansas franchise.
Equity Bancshares, Inc. has approximately $5.3 billion in proforma consolidated assets. This marks the 23rd strategic transaction for Equity since its founding in 2002, including 11 whole-bank acquisitions since the company’s initial public offering in 2015.
The company expects to consolidate the core and digital banking systems late in the third quarter. According to Equity Bank CEO, Rick Sems, the acquisition aligns with their vision and strategy, and they are eager to integrate their teams and offer even greater value to their customers in these markets.
The market has reacted to these announcements by moving the company's shares 0.8% to a price of $35.17. If you want to know more, read the company's complete 8-K report here.
