SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d)
of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 11, 2019
EQUITY BANCSHARES, INC.
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of
incorporation or organization)
7701 East Kellogg Drive, Suite 300
|(Address of principal executive offices)||(Zip Code)|
Registrants telephone number, including area code: 316.612.6000
Former name or former address, if changed since last report: Not Applicable
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
☒ Emerging growth company
☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act
Item 7.01 Regulation FD Disclosure.
On February 11, 2019, Equity Bancshares, Inc. (the Company) announced that Equity Bank (Equity Bank), a wholly owned subsidiary of the Company, completed its acquisition and assumption of certain assets, deposits and other liabilities associated with two branch locations in Guymon, Oklahoma and one branch location in Cordell, Oklahoma on February 8, 2019, pursuant to a Branch Purchase and Assumption Agreement, dated September 21, 2018, between Equity Bank and MidFirst Bank (MidFirst), a federal savings association and subsidiary of Midland Financial Co. The press release announcing the closing of the transaction is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
As provided in General Instruction B.2 to Form 8-K, the information set forth in this Item 7.01, including Exhibit 99.1, shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act), or otherwise subject to the liabilities of that section, and such information shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits.
|99.1||Press Release issued by Equity Bancshares, Inc., dated February 11, 2019.|
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
|EQUITY BANCSHARES, INC.|
|DATE: February 11, 2019||By:||/s/ Gregory H. Kossover|
|Gregory H. Kossover|
|Executive Vice President and Chief Financial Officer|
Equity Bank Completes Acquisition of MidFirst Banking Centers
in Guymon and Cordell, Oklahoma
Expands Oklahoma Footprint, Guymon and Cordell bank offices part of Equity Banks 52-location franchise
WICHITA, Kansas, February 11, 2019 Equity Bank, the Wichita-based bank subsidiary of Equity Bancshares, Inc. (NASDAQ: EQBK), (Equity, we, us, our, the Company), announced the closing of its acquisition of two bank locations in Guymon, Oklahoma, and one bank location in Cordell, Oklahoma from MidFirst Bank, (MidFirst), a subsidiary of Midland Financial Co. of Oklahoma City, Oklahoma.
Were proud to welcome the banking teams in Guymon and Cordell as well as the customers and communities they serve. Combined with our current Guymon and Southwestern Kansas locations, we offer considerable resources to our Panhandle and Western Oklahoma customers, said Brad Elliott, Chairman and CEO. I want to recognize the hard work and dedication that the teams at Equity and MidFirst exhibited while working to complete this transition. We are fortunate that both Equity Bank and MidFirst Bank prioritize customer service and community involvement in Guymon and Cordell.
Equitys four-state franchise now includes 52 full-service local bank locations in Kansas, Missouri, Arkansas and Oklahoma, with nine in Oklahoma. As of December 31, 2018, Equity Bancshares, Inc. had $4.06 billion in consolidated total assets, $2.54 billion in loans, and $3.12 billion in deposits.
Equitys Oklahoma footprint now includes three bank offices in Ponca City, one location in Newkirk, one location in Tulsa, three locations in Guymon and one location in Cordell.
About Equity Bancshares, Inc.
Equity Bancshares, Inc. is the holding company for Equity Bank, offering a full range of financial solutions, including commercial loans, consumer banking, mortgage loans, trust and wealth management services and treasury management services, while delivering the high-quality, relationship-based customer service of a community bank. Equitys common stock is traded on the NASDAQ Global Select Market under the symbol EQBK. Learn more at www.equitybank.com.
Special Note Concerning Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements reflect the current views of Equitys management with respect to, among other things, future events and Equitys financial performance. These statements are often, but not always, made through the use of words or phrases such as may, should, could, predict, potential, believe, will likely result, expect, continue, will, anticipate, seek, estimate, intend, plan, project, forecast, goal, target, would and outlook, or the negative variations of those words or other comparable words of a future or forward-looking nature. These forward-looking statements are not historical facts, and are based on current expectations, estimates and projections about Equitys industry, managements beliefs and certain assumptions made by management, many of which, by their nature, are inherently uncertain and beyond Equitys control. Accordingly, Equity cautions you that any such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions and uncertainties that are difficult to predict. Although Equity believes that the expectations reflected in these forward-looking statements are reasonable as of the date made, actual results may prove to be materially different from the results expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from Equitys expectations include competition from other financial institutions and bank holding companies; the effects of and changes in trade, monetary and fiscal policies and laws, including interest rate policies of the Federal Reserve Board; changes in the demand for loans; fluctuations in value of collateral and loan reserves; inflation, interest rate, market and monetary fluctuations; changes in consumer spending, borrowing and savings habits; and acquisitions and integration of acquired businesses, and similar variables. The foregoing list of factors is not exhaustive.
For discussion of these and other risks that may cause actual results to differ from expectations, please refer to Cautionary Note Regarding Forward-Looking Statements and Risk Factors in Equitys Annual Report on Form 10-K filed with the Securities and Exchange Commission (SEC) on March 16, 2018 and any updates to those risk factors set forth in Equitys
subsequent Quarterly Reports on Form 10-Q or Current Reports on Form 8-K. If one or more events related to these or other risks or uncertainties materialize, or if Equitys underlying assumptions prove to be incorrect, actual results may differ materially from what Equity anticipates. Accordingly, you should not place undue reliance on any such forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made, and Equity does not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise. New risks and uncertainties arise from time to time, and it is not possible for us to predict those events or how they may affect us. In addition, Equity cannot assess the impact of each factor on Equitys business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. All forward-looking statements, expressed or implied, included in this press release are expressly qualified in their entirety by this cautionary statement. This cautionary statement should also be considered in connection with any subsequent written or oral forward-looking statements that Equity or persons acting on Equitys behalf may issue.
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