Lincoln Savings Bank To Merge With Kansas-Based Equity Bank

Lincoln Savings Bank will be merging with Wichita, Kansas based Equity Bank within the next few months.  LSB, headquartered in Reinbeck, has been in business for over 124 years. Lincoln shareholders will receive nearly 78% of the merger consideration in Equity stock and the remaining 22.5% in cash. Based on Equity’s spot price of $49.85 on Sept. 2, the total consideration was valued at about $124 million. The merger was unanimously approved by the boards of directors of both companies.  The deal is expected to close in the fourth quarter of 2026, pending regulatory and shareholder approvals. LSB has 16 offices including Cedar Falls, Waterloo, and Des Moines. Following completion, Lincoln Savings Bank branches will become Equity Bank by spring 2027.