EQUITY BANCSHARES, INC. (NASDAQ:EQBK) Files An 8-K Entry into a Material Definitive Agreement
Item1.01
| Entry into a Material Definitive Agreement. |
On March13, 2017, Equity Bancshares, Inc. (the Company),
as borrower, entered into a First Amendment (the
Amendment) to its Loan and Security Agreement (the
Agreement) with ServisFirst Bank. The Amendment, among
other things, increased the maximum lending commitment under the
Agreement from $20.0million to $30.0million and extended the
maturity date of the commitment to March12, 2018.
The foregoing summary of the Amendment does not purport to be a
complete description of the terms and conditions of the Amendment
and is qualified in its entirety by the full text of the
Amendment attached as Exhibit 10.1, which is incorporated herein
by reference.
| Item2.03 |
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. |
The information set forth in Item 1.01 of this Current Report on
Form 8-K is incorporated herein by reference.
| Item7.01 | Regulation FD Disclosure. |
On March16, 2017, the Company issued a press release announcing
the expansion and extension of its line of credit with
ServisFirst Bank. A copy of the press release is furnished as
Exhibit 99.1 to this Current Report on Form 8-K and incorporated
herein by reference.
The information in this Item 7.01, including Exhibit 99.1, is
being furnished to Item 7.01 of Form 8-K and shall not be deemed
filed for purposes of Section18 of the Exchange Act, or otherwise
subject to liabilities of that section, nor shall it be deemed
incorporated by reference into any filing under the Securities
Act or the Exchange Act, unless specifically identified therein
as being incorporated therein by reference.
| Item9.01 | Financial Statements and Exhibits. |
| (d) | Exhibits. |
|
Exhibit Number |
Description |
|
| 10.1 |
First Amendment to Loan and Security Agreement, dated March13, 2017, by and between Equity Bancshares, Inc. and ServisFirst Bank |
|
| 99.1 | Press Release, dated March16, 2017 |
About EQUITY BANCSHARES, INC. (NASDAQ:EQBK)
Equity Bancshares, Inc. is a bank holding company. The Company’s principal activity is the ownership and management of its subsidiary, Equity Bank (the Bank). The Bank provides a range of financial services primarily to businesses and business owners, as well as individuals. As of November 10, 2016, the Company operated through 34 branches located in Kansas, Missouri and Arkansas. The Company’s operations involve the delivery of loan and deposit products to its customers. The Company offers commercial banking products and other services, including lending activities, deposit products, and other products and services. It offers a suite of online banking solutions, including access to account balances, online transfers, online bill payment, and electronic delivery of customer statements and mobile banking solutions. In addition, the Company offers commercial treasury management services, wire transfer, automated clearing house (ACH) services and cash management deposit products. EQUITY BANCSHARES, INC. (NASDAQ:EQBK) Recent Trading Information
EQUITY BANCSHARES, INC. (NASDAQ:EQBK) closed its last trading session up +0.09 at 32.33 with 229,633 shares trading hands.
