October 14, 2020
A federal judge in New York on Wednesday tossed out a proposed class action against Equity Bancshares Inc., finding the holding company's investors hadn't shored up claims that the company engaged in an "extend and pretend" scheme involving $29.5 million it loaned to a struggling pizza chain and cupcake company.
December 09, 2019
Equity Bancshares Inc. and two of its executives asked a New York federal judge to toss a proposed shareholders' class action against the holding company, arguing it couldn't have known that two of its debtors would need to restructure their debts.
May 14, 2019
Bank holding company Equity Bancshares has been deceiving investors since last year about having a handle on its credit operations, according to a proposed shareholders class action in New York federal court, despite impending news that two of its multimillion-dollar credit lines had to be downgraded as questionable risks.