Strategic Insights into Banking & Fintech

Equity Bancshares beefing up in Kansas with latest deal

Equity Bancshares beefing up in Kansas with latest deal

Equity Bancshares in Wichita, Kan., is bolstering operations in its home state with an agreement to buy American State Bancshares in Wichita. The $4.2 billion-asset Equity said in a press release Monday that it will pay $73.6 million in stock for the parent of the $779 million-asset American State Bank. About $6.6 million of American State preferred stock will be redeemed when the deal closes. The deal, which is expected to close

May 17, 2021