Equity Bancshares, Inc. announced the completion of its merger with Frontier Holdings, LLC, adding seven Nebraska locations.
The merger represents strategic growth and shared values in community commitment and local decision-making.
Equity's CEO expressed excitement for the enhanced lending power and modern tools resulting from the merger.
The merger positions Equity to leverage Frontier Holdings' market presence and strengthen its competitive edge through geographic diversification.
Merger Completion
Equity Bancshares completed the merger with Frontier Holdings, expanding its presence to six states and adding approximately $7.9 billion in proforma consolidated assets.
Strategic Growth
The merger enhances Equity's capabilities and resources, rooted in shared values of community commitment and local decision-making, enabling operational synergies and enhanced customer offerings.
Increased Footprint
With the merger, Equity now operates in Arkansas, Kansas, Missouri, Nebraska, Oklahoma, and Iowa, broadening its market access and customer base significantly.
- The merger significantly bolsters Equity Bancshares' asset base with the addition of $7.9 billion in proforma consolidated assets, expanding its full-service locations to span across six states and strengthening its position in the market through increased scale and geographic reach.
- The merger is poised to generate cost synergies and revenue opportunities through operational efficiency and cross-selling initiatives, driving profitability and shareholder value for Equity Bancshares.
Equity Bancshares' merger with Frontier Holdings represents a strategic move to enhance market presence, drive operational synergies, and capitalize on shared values, positioning the company for sustainable growth and competitive advantage in the banking sector.