Submitted
Equity Bancshares, Inc. (NYSE: EQBK) (“Equity” or the “Company”), the Wichita-based holding company of Equity Bank, announced the completed acquisition of KansasLand Bancshares, Inc. (“KansasLand”), the parent company of KansasLand Bank. With this acquisition, Equity has added to its existing presence in Quinter, Kansas and expanded into Americus, Kansas.
“We are delighted to welcome KansasLand customers and team members into our organization,” said Equity Bank CEO Rick Sems. “This acquisition is a testament to our commitment to growth in our home state of Kansas, and we look forward to serving our new customers while continuing to deliver for our shareholders.”
KansasLand’s locations open as Equity Bank on July 2. The Company expects to consolidate the core and digital banking systems late in the third quarter.
Equity announced the merger with KansasLand 71 days ago on April 22, 2024. Equity has approximately $5.3 billion in proforma consolidated assets and operates 74 locations in Kansas, Missouri, Arkansas, and Oklahoma. Equity’s Kansas franchise now includes 37 banks.
The combination with KansasLand brings Equity’s total strategic transactions to 23 since the Company’s founding in 2002, including 11 whole-bank acquisitions since the Company’s initial public offering in 2015.
“This partnership aligns with our vision and strategy, and we are eager to integrate our teams and offer even greater value to our customers in these markets,” said Equity Bancshares, Inc. Chairman & CEO, Brad Elliott.