Equity looks to grow through Arkansas bank merger
The Wichita-based holding company of Equity Bank plans to merge with an Arkansas bank.
Equity Bancshares plans to merge with Community First Bancshares in Harrison, Ark., which operates five Community First Bank branches and has assets of $475 million.
Under a merger agreement, Equity would be the succeeding institution and increase its assets to more than $2 billion.
“We believe that this transaction continues Equity’s model of adding mid-size markets to supplement its metropolitan areas of Kansas City and Wichita,” Equity chief executive Brad Elliott said in a news release.
Equity operates 29 branches and offices in Kansas and Missouri.
Jerry Siebenmark: 316-268-6576, @jsiebenmark
This story was originally published July 15, 2016 at 2:32 PM with the headline "Equity looks to grow through Arkansas bank merger."