Equity Bancshares registers $35 million for initial public stock sale

Keefe, Bruyette & Woods and Stephens help fund preferreds redemption

By Devika Patel

Knoxville, Tenn., Oct. 9 – Equity Bancshares, Inc. will price its initial public sale of class A common stock with a 30-day greenshoe, according to a Form S-1 filed Friday with the Securities and Exchange Commission. The company has registered up to $35 million of stock.

Keefe, Bruyette & Woods and Stephens Inc. are the bookrunners.

Proceeds will be used to redeem the 16,372 series C preferred shares that were issued to the U.S. Department of Treasury in August 2011, for organic growth, for general corporate purposes and for potential acquisitions.

The bank holding company is based in Wichita, Kan. The company intends to list its stock on the Nasdaq stock exchange under the symbol “EQBK.”

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.