Brad Elliott, CEO of Wichita-based Equity Bank, said he has withdrawn a change-of-control application sent to the Federal Reserve Bank about plans to acquire as much as 100 percent of the Troubled Asset Relief Program debt of Blue Valley Ban Corp.
Elliott said Equity Bank now intends to buy only as much as 66 percent of the TARP debt.
“We withdrew our application because we don’t need an application to bid on 66 percent,” Elliott said. “It streamlines the approval process of us being able…
Brad Elliott, CEO of Wichita-based Equity Bank, said he has withdrawn a change-of-control application sent to the Federal Reserve Bank about plans to acquire as much as 100 percent of the Troubled Asset Relief Program debt of Blue Valley Ban Corp.
Elliott said Equity Bank now intends to buy only as much as 66 percent of the TARP debt.
“We withdrew our application because we don’t need an application to bid on 66 percent,” Elliott said. “It streamlines the approval process of us being able…