JSMedia – In October 2018, Equity Bank completed its merger with American State Bancshares, Inc. based in Wichita, Kansas. Today, the bank operates seventy-four bank locations in four states with total assets of $5.0 billion. It also acquired certain assets and assumed liabilities of Security Financial, a banking company based in Wichita, Kansas, which ceased operations in September 2016. The two companies are subsidiaries of Equity Bancshares, Inc., the parent company. Both banks offer a full range of financial services.
The new additions to Equity Bank include Better Mortgage, Guaranteed Rate and Teachers Federal Credit Union. Each has different offerings, but they all offer competitive mortgage rates and terms. As a home buyer, you should compare the loan terms from each of these financial institutions and select the one with the lowest interest rates and closing time. In addition to low interest rates and flexible terms, these lenders have an extensive educational resource center, including a Know Your Neighborhood feature that allows you to see data such as school districts and taxes.
The bank’s three new markets are the Southeast, Southwest, and New England. The bank’s additions to the three markets add mortgage lenders from Rocket Mortgage, Quicken Loans, and Teachers Federal Credit Union to its existing client list. These new clients expand ZM Financial Systems’ reach into the credit union market, which accounts for more than one quarter of the top twenty-five credit unions in the US.
Equity Bank Adds Mortgage Lenders to Three Markets
LoanDepot, one of the largest non-bank mortgage lenders in the United States, offers borrowers a way to compare mortgage products offered by more than 1,500 different lenders. It offers conventional mortgages, government-backed loans, refinancing, and home equity loans. Using its Mello Smartloan online technology, customers can shorten their closing time by as much as 17 days. In addition, it can digitally conduct title clearance, which is the most time-consuming step in the underwriting process.
While equity bank has a presence in all three markets, it also has a robust online presence. With over 1,500 mortgage lenders, loanDepot is the third largest nonbank lender in the U.S., with over 150 branches and a robust online presence. With Mello Smartloan, customers can compare various products side by side and choose the best one for their needs. In addition to offering competitive rates, loanDepot offers home equity loans as well.
The press release of Equity Investments contains forward-looking statements that are not historical facts. They are based on current expectations, beliefs, and projections about the future. They may differ from actual results. It is important to note that these forward-looking statements are not guarantees of future performance. They are not a guarantee of the company’s performance or the success of its business. If you have any questions, please contact the firm.
The press release contains forward-looking statements. These statements reflect the current expectations of management, and contain “forward-looking” words. These words and phrases are used to identify “forward-looking” financial and equity investment information. Therefore, the information in the press release should be read with caution. For example, a statement may relate to the future performance of the company. For example, the stock may decline in value if the market recovers from the recent recession.