ABA-Equity to purchase Kansasland, Skyline to buy Johnson County Bank
April 24, 2024 at 03:30 pm IST
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OCC sees need for regulatory reform in bank merger process.
Equity Bancshares in Wichita, Kansas, has agreed to buy Kansasland Bancshares in Quinter. The $5.2 billion-asset Equity said in a news release that it will gain two branches and $43 million of deposits from buying the $55 million-asset Kansasland Bank. The price wasn't disclosed.
Skyline Bankshares in Independence, Virginia., has agreed to buy Johnson County Bank in Mountain City, Tennessee. The $1 billion-asset Skyline will pay $25 million in cash for the $152 million-asset Johnson County Bank. The deal is expected to close in the second half of this year.
Equity Bancshares, Inc. is a bank holding company for Equity Bank (the Bank). The Bank provides a range of financial services primarily to businesses and business owners as well as individuals through its network of approximately 82 branches located in Arkansas, Kansas, Missouri and Oklahoma. The Bankâs operations involve the delivery of loan and deposit products to its customers. It offers commercial banking products and other services, including lending activities, deposit products, and other products and services. The Bank offers a suite of online banking solutions, including access to account balances, online transfers, online bill payment and electronic delivery of customer statements, mobile banking solutions for iPhone and Android phones, including remote check deposit with mobile bill pay. Its commercial treasury management services include balance reporting, transfers between accounts, wire transfer initiation, automated clearing house (ACH) origination and stop payments.
EQUITY BANCSHARES, INC. 