Kansas-based United Bank & Trust to acquire 3 Equity Bank branches

Marysville, Kan.-based United Bank & Trust has agreed to acquire certain assets and assume the deposits of in-state peer Equity Bank's locations in Concordia, Belleville and Clyde, Kan.

About $60 million in deposits and $24 million in loans are included in the agreement. The transaction, whose financial terms were not disclosed, is expected to be completed in the second quarter of 2022.

Stinson LLP was legal adviser to United's holding company, UBT Bancshares Inc.