Equity Bancshares Inc., parent of Wichita-based Equity Bank, made the final $15.54 million payment necessary to fulfill the Troubled Asset Relief Program (TARP) obligations of First Community Bancshares Inc.
Equity Bancshares acquired Overland Park-based First Community Bancshares and its subsidiary First Community Bank in 2012. The transaction included taking responsibility for the TARP debt outstanding at the bank.
First Community borrowed $14.8 million in TARP funds in May 2009. The debt accumulated…
Equity Bancshares Inc., parent of Wichita-based Equity Bank, made the final $15.54 million payment necessary to fulfill the Troubled Asset Relief Program (TARP) obligations of First Community Bancshares Inc.
Equity Bancshares acquired Overland Park-based First Community Bancshares and its subsidiary First Community Bank in 2012. The transaction included taking responsibility for the TARP debt outstanding at the bank.
First Community borrowed $14.8 million in TARP funds in May 2009. The debt accumulated…