Equity Bank Acquires Community First Bancshares

Community First Bancshares, Inc., headquartered in Harrison, Arkansas, is the holding company of Community First Bank and its five branch locations in Arkansas: Harrison (2), Berryville, Eureka Springs, and Pea Ridge. CFBI ranks first in deposit market share in Harrison and in the top four within each of the communities it serves. As of March 31, 2016, Community First Bank had total assets of $475 million, net loans of $352 million, and $395 million in deposits. Following the consummation of the transaction, Community First Bank will merge with and into Equity Bank, subject to receipt of customary regulatory approvals and closing conditions, as well as the approvals of Equity and CFBI shareholders and CFBI’s disposition of its ownership interest in White River Bancshares, Inc.