Wichita, Kan.-based Equity Bank is selling its branch in Cordell, Okla., to High Plains Bank, Okeene, Okla.
The deal is expected to close by the end of the year. The Cordell branch has about $20 million in deposits, which will bring High Plains’ total in the market to about $35 million in deposits, according to FDIC Market Share data from S&P Global.
The $160 million High Plains Bank currently has five offices in Alva, Boise City, Cordell, Keyes and Okeene, Okla.
After the deal closes, Equity Bank will operate eight locations in Oklahoma. It entered Oklahoma in 2017 by acquiring the holding companies of Eastman National Bank, Ponca City, and Patriot National Bank, Tulsa. The following year, Equity entered the Guymon market by acquiring City National Bank and Trust, followed by the acquisition of the Cordell location and an additional branch in Guymon from the $32 billion, Oklahoma City-based MidFirst Bank.
“Our focus as a community bank is our customers, and doing what is right for our communities, businesses and families in our regions,” said Brad Elliott, chair and CEO of the $5 billion Equity Bank. “This includes working with strong community banks to ensure that local bank locations continue to appeal to and reflect the customers they serve. We believe we’ve found a leadership and customer service team as well as a trusted brand that will continue to serve our customers in Cordell for the long term.”