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Equity announces bank acquisition

7/17/2012

The Hays Daily News

The Hays Daily News

Wichita-based Equity Bank, with branch offices in Hays and Ellis, will be absorbing Haddam-based Signature Bank.

Both banks are wholly owned by Equity Bancshares Inc.

The merger agreement is subject to regulatory approval, which is expected later this year.

Equity in early June merged with First Community Bank, Lee's Summit, Mo.

The merger of Equity and Signature is expected to reduce expenses, increase revenue and provide better risk management, Equity Bancshares Chairman and CEO Brad Elliott said in a statement.