Equity Bancshares, Inc. Enters Agreement to Acquire City Bank and Trust of Guymon, Oklahoma
KSCB News - June 12, 2018 11:01 pm
Equity Bancshares, Inc. (NASDAQ:EQBK) (“Equity” or the “Company”), parent company of Equity Bank, announced it has entered into a definitive merger agreement to acquire City Bank and Trust, (“CBT”) of Guymon, Oklahoma, from parent company Docking Bancshares, Inc. (“Docking”) of Arkansas City, Kansas. Equity anticipates closing the merger in the fourth quarter of 2018.
The merger announcement occurs after Equity’s May 4, 2018 entry into Southwest Kansas with the closing of its merger with Kansas Bank Corporation (“KBC”), which had bank locations in Liberal and Hugoton, Kansas. Equity previously expanded into Oklahoma through mergers with Cache Holdings, Inc. and Eastman National Bancshares, Inc. in November 2017, adding Oklahoma as a fourth state to its Midwestern footprint. Equity has completed 17 successful business combinations since 2003, and eight since the Company’s initial public offering in November 2015.