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 267th largest bank in the nation. It was established in 1985 and as of March of 2025, it had grown to 815 employees at 73 locations. Equity Bank has an A health rating.

Reviews (1)

Great Rate But Difficult To Close Money Market Account

I discovered their Luminary Money Market account and invested in 2023. It was quite easy to open the account and to set up online transfers; however each ACH transfer from their platform costs $2.55 which is quite unusual. I asked for a set of checks and they sent a very generous supply.
My wife and I agreed that all our accounts should be JOINT and there was no way to convert my MMA with them to a joint account, so I called to close it. I was told to move all the funds out and then call to close the account, which I did. However I got a letter in the mail that I had overdrawn by $2.55 - the ACH transfer fee - so I had to mobile deposit a check. I messaged them asking to close the account and was told they would. However the account stayed open with $1.73 interest added and a $10 monthly below-balance service charge added. Calling a 3rd time they waived the $8.27 deficit and finally closed the account!
If I had been able to make it a joint account, I would have kept it and enjoyed the flexibility of occasionally writing large value checks on it at times that I would not want to charge my regular checking account.
They now offer a Surge MMA with 5.35% APY which is quite good.



Health

Health Grade Components

Overall
FDIC Certificate #25858
Year Established1985
Employees815
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.23%
Return on Equity - YTD11.25%
Annual Interest Income$74.6MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$5.43B$5.23B
LoansQ1 2025vs Q1 2024$3.59B$3.44B
DepositsQ1 2025vs Q1 2024$4.51B$4.39B
Equity CapitalQ1 2025vs Q1 2024$602MM$535MM
Loan Loss AllowanceQ1 2025vs Q1 2024$45.8MM$44.4MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$17.2MM$16.5MM
Real Estate OwnedQ1 2025vs Q1 2024$4.5MM$1.5MM
Rates

Sorry, we do not have rate data for Equity Bank.

Locations

Availability



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