Business

Equity Bank has two acquisitions in the works

Equity Bank’s headquarters at Rock and Kellogg in Wichita.
Equity Bank’s headquarters at Rock and Kellogg in Wichita. File photo

The Wichita-based holding company of Equity Bank has received regulatory approval for acquisition of an Arkansas-based bank, and said it plans to acquire another bank, this one based in Kansas.

Equity Bancshares said regulators approved its acquisition of $495-million-asset Community First Bancshares in Harrison, Ark., which allows Equity to close on the deal that will add five branches on Nov. 10.

Equity also announced plans to acquire Hoxie-based Prairie State Bancshares, the holding company of State Bank, which has $149 million in assets and three branches in Hoxie, Grinnell and Quinter.

Equity expects its assets to be $2.2 billion with 37 branches in Arkansas, Kansas and Missouri once the Community First and Prairie State deals are completed.

Jerry Siebenmark: 316-268-6576, @jsiebenmark

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