Equity Bancshares completes merger with American State Bancshares, adds ~$5B assets

EQUITY BANCSHARES INC

Completed merger with ASB on Oct 1, 2021; combined total assets ~$5.0B across 67 locations.
Assumed $7.732M principal of Floating Rate Junior Subordinated Deferrable Interest notes due 2035.
Leon Borck, former ASB Chairman, appointed to Equity board and joins Risk Committee.
Q3 2021 results to be announced Oct 19; conference call Oct 20 at 10 a.m. ET.
Equity has now completed 18 bank combinations since foundation.

item 2.03 item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

Leon Borck

Director

EQBK · EQUITY BANCSHARES INC

Effective: 2021-10-02
Filed: October 6, 2021, 7:59 PM ET

In connection with the closing of the Merger, Leon Borck, the former Chairman and President of ASB, was appointed to the board of directors of the Company and the board of directors of Equity Bank effective October 2, 2021, in accordance with the terms of the Agreement.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Leon Borck was appointed as director at EQUITY BANCSHARES INC.

Action: appointed

Exact text from the filing

In connection with the closing of the Merger, Leon Borck, the former Chairman and President of ASB, was appointed to the board of directors of the Company and the board of directors of Equity Bank effective October 2, 2021, in accordance with the terms of the Agreement.

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EQUITY BANCSHARES INC filing history →

Source: SEC EDGAR

accession 0001564590-21-050279

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