Equity Bancshares in Wichita, Kan., is selling $80 million by selling common stock.
The company said in a press release that it will sell about 1.8 million shares at $44.50 each. It could sell another 270,000 shares if there is enough demand. The offering should close on Dec. 4.
Proceeds will be used to support continued growth, including potential acquisitions, investments in Equity Bank to support organic growth, and the potential repayment of subordinated debt.
Stephens is the sole book-running manager. D.A. Davidson, Hovde Group, Keefe, Bruyette & Woods and Piper Sandler are co-managers.