Equity Bank


Overview / Commentary
316-733-5041
345 North Andover Road
Andover, KS 67002

Equity Bank is headquartered in Andover and is the 4th largest bank in the state of Kansas. It is also the 263rd largest bank in the nation. It was established in 1985 and as of June of 2019, it had grown to 627 employees at 51 locations. Equity Bank's money market rates are 4X the national average, and it has a B+ health rating.

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Reviews (4)

Great regional bank.

I originally was a customer of this bank when they were still called First Community Bank. Since the bank was changed, they have become more modernized and efficient. I am able to check my balances and make account changes online without issue. They are also very responsive to phonecalls and emails. In person the staff is very friendly and helpful. The only downside is they still lack some of the features that other banks have. My wife and I both have checking and savings accounts with Equity. I have used both accounts for many years and have no issues with depositing or withdrawing money. I love that the website shows when money is scheduled to be posted to the account and when it is to be withdrawn. There are no hidden fees or extra service charges with our accounts so we don't have to worry about using the debt card we have. Also the theft prevention is a great feature and we can instantly dispute any transactions that are fraudulent and they also will contact you should unusual activity occur. I have been using direct deposit with this bank for years and have never once had an issue with money being added to the account.

DO NOT BANK HERE

BEWARE of THIS bank in Guymon, OK. DO NOT BANK HERE if you value security over your account. We are currently going through a family member having almost $5,000 fraudulently taken out of her account...and we are talking 21 transactions PER DAY by the SAME culprit in California for multiple days. Um, red flag?? This bank will blame their hired security company that is located states away and you will be told to just call "them." AND what is so shocking is to now discover they have allowed fraudulent transactions to CONTINUE to come out (by the same culprit) after the card/account was reported of fraudulent activity. I have lived all over the U.S. and banked all over and this is BY FAR THE WORST BANK and customer service I have ever encountered. Save yourself unnecessary stress and know that your hard earned money IS NOT SAFE HERE! If zero stars were possible, that would have been my rating.

Beware Of Your Loan Balance!

Posted by: kwaddell | Jun 12, 2015

Beware of your loan balance. Equity Bank uses Interest 9 or I9 software to calculate their loan balances. This was found by a court of law to be flawed and charges additional interest. Even though we questioned the payoff of our loan on multiple occasions, Equity Bank did not even do the math to determine why we questioned the payoff. We had to go all the way to trial before they admitted the mistake.

Rude Customer Service At Bank Locations And A Catch 22 On Home Equity Loans

Posted by: ktdohbank | Dec 2, 2013

At Equity Bank they will never let you "pay off" your home equity in full. There is always a residual interest amount. No matter how many times you try to pay off the loan and who you talk to- it doesn't matter. I have now tried to pay off my home equity loan in full twice and they are again telling me that I owe interest on my $0 balance.
So I'm trying to close my account out and they took more interest as "payment" out of my checking account.
The location agents and managers know nothing about customer service and chose to argue with the customer instead of providing a break down of the information to find the root cause of the issue. I CANNOT WAIT to be done with this bank. Don't EVER use them.



Health
B+

Health Grade Components

Overall
FDIC Certificate #25858
Year Established1985
Employees627
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.34%
Return on Equity - YTD3%
Annual Interest Income$88.0MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$4.18B$3.71B
LoansQ2 2019vs Q2 2018$2.67B$2.45B
DepositsQ2 2019vs Q2 2018$3.19B$2.65B
Equity CapitalQ2 2019vs Q2 2018$470.3MM$446.5MM
Loan Loss AllowanceQ2 2019vs Q2 2018$17.8MM$10.1MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$61.1MM$38.3MM
Real Estate OwnedQ2 2019vs Q2 2018$5.8MM$7.6MM
Rates
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Always verify rates and promotions with the bank or credit union. We are not Equity Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

Equity Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%--Equity ECO Savings

Equity Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.70%*$25k*-Ignite Money Market
OTHER TIERS: 0.77% Up to $25k
0.75%*$50k*-Equity Chrome Money Market
OTHER TIERS: 0.10% Up to $25k | 0.50% $25k - $50k
0.35%*$100k*-Equity Platinum Money Market
OTHER TIERS: 0.10% Up to $25k | 0.15% $25k - $50k | 0.25% $50k - $100k

Equity Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%-$25kEquity Platinum Checking
0.05%*$5k*-Community Checking
OTHER TIERS: 0.03% Up to $5k
0.05%$1k-DBA (Sole Proprietor Checking)
0.03%--Equity Gold Checking

Equity Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%$1k-59 Month CD
1.79%$1k-90 Day CD
1.60%$1k-13 Month CD
1.55%$1k-22 Month Two Step CD
1.52%$1k-5 Year CD
1.42%$1k-4 Year CD
1.00%$1k-3 Year CD
0.79%$1k-2 Year CD
0.62%$1k-1 Year CD
0.31%$1k-6 Month CD
Locations

Availability



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