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Private investor buys Equity Bank Holding

Private investor Todd Ellestad has purchased Minnetonka, Minn.-based Equity Bank Holding Co. Inc. for an undisclosed price, Sun Sailor reported Aug. 27.

Ellestad is CEO of AMEC Home Loans, which will function independently from Equity Bank Holding.

Equity Bank Holding has total consolidated assets of $45.8 million as of June 30.