Equity Bancshares, Inc. (NASDAQ: EQBK) parent company of Equity Bank, announces partnerships with Southwest Kansas bank First National Bank of Liberal/Hugoton and Adams Dairy Bank of Blue Springs, Missouri. The mergers allow Equity to add Southwest Kansas as a new region in its home state and expand its presence in the Kansas City metro area. The mergers are expected to close simultaneously in the second quarter of 2018.
"We've been fortunate to work with strong community banks in our four states to deliver an outstanding banking experience to customers in diverse markets. The addition of First National Bank is key for our expanding Western Kansas footprint and represents the addition of the market leader in Southwest Kansas," said Brad Elliott, Chairman and CEO of Equity Bank. "In the competitive Kansas City market, Adams Dairy matches up extremely well with our commercial philosophy, and represents our dedication to entrepreneurship. Together, the mergers indicate our continued commitment to our strategy of entering stable, core deposit markets and continuing to strengthen our metropolitan presence."
Equity Bank, who reported $3.0 billion in consolidated assets as of November 10, 2017, expects to add six new locations to its 42 locations throughout Kansas, Missouri, Arkansas, and Oklahoma. Upon completion of the merger with First National and Adams Dairy Bank, Equity expects to have approximately $3.5 billion in total assets.