Kansas-based Equity Bancshares is acquiring branches in Missouri from Security Bank of Kansas City, Kan.
The Wichita holding company will add branches in St. Joseph from Security Bank, a subsidiary of Valley View Financial Co., of Overland Park, Kan. The offices had $71.9 million in deposits as of June 30, 2020, and will merge into Equity Bank, Andover, Kan.
“Each of our Missouri locations delivers outstanding service to our consumer, mortgage and business customers and we expect St. Joseph to serve as a key market for us in Northwest Missouri. Josh Means and his regional leadership team have helped our local banks grow in loans, fee income and deposits, one relationship at a time,” said Brad Elliott, chair and CEO of the $4.2 billion Equity. “We have been able to grow loans, fee income and our core deposit base effectively in western Missouri with a focus on local community banking and we believe this approach will serve customers well in our new St. Joseph region.”
The deal, set to close in December, brings the total number of Equity offices in western Missouri to 16, including five in the Kansas City area. Joshua Means, president of western Missouri, oversees those branches.
The $3.6 billion Security Bank will have 12 offices in Missouri after the transaction as well as 28 in Kansas.