Equity Bancshares, Inc. (NYSE: EQBK), (“Equity”, “we”, “us”, “our”,
the “Company”), the Wichita-based holding company of Equity Bank
(the “Bank”), announced the promotion of Chris M. Navratil to Chief
Financial Officer (“CFO”) of Equity Bancshares, Inc., and announced
Eric R. Newell’s decision to resign from his position as Chief
Financial Officer.
“Our Company considers entrepreneurial spirit one of our
founding principles and core values,” said Brad S. Elliott,
Chairman and Chief Executive Officer of Equity. “As a result, we’re
a home to innovative thinkers, leaders, and doers who can make an
impact quickly and leave lasting results. We pride ourselves on
recruiting and developing outstanding leaders. In this case, we’re
fortunate to appoint Chris and leverage his strong financial
acumen, leadership, and experience.”
Mr. Navratil joined Equity Bank in 2019 as a senior vice
president and was named CFO of the Bank in December 2022. During
his time at Equity, Mr. Navratil has led the Bank’s financial
strategy, planning, and reporting functions, including balance
sheet strategy and liquidity management. Mr. Navratil has also
served as Equity’s Investor Relations Officer. Before joining
Equity, Mr. Navratil spent seven years with Crowe LLP in Chicago,
Illinois, within the Financial Institution Audit Practice. Mr.
Navratil resides in Wichita and received his Master’s degree in
Accounting from Northern Illinois University.
Mr. Newell joined Equity as CFO in June of 2020. He will retain
responsibility for and leadership of Equity’s financial reporting
and accounting teams concluding with the filing of Equity’s Second
Quarter Form 10-Q to the Securities and Exchange Commission. He
will then work through September 20, 2023 to assist in the
transition of duties and responsibilities to Mr. Navratil.
“Our Company is very fortunate to be a home for top talent
within the banking industry, who are afforded the opportunity to
build lasting relationships with customers, team members, and
shareholders,” said Mr. Elliott. “Eric accomplished a great deal
during his time at Equity helping us build our Company, culture,
and teams. He serves as an example of how we build and encourage
entrepreneurial leaders to deliver for our investors, customers,
and colleagues.”
About Equity Bancshares, Inc.
Equity Bancshares, Inc. is the holding company for Equity Bank,
offering a full range of financial solutions, including commercial
loans, consumer banking, mortgage loans, trust and wealth
management services and treasury management services, while
delivering the high-quality, relationship-based customer service of
a community bank. Equity’s common stock is traded on The New York
Stock Exchange under the symbol “EQBK.” Learn more at
www.equitybank.com.
Special Note Concerning Forward-Looking
Statements
This press release contains “forward-looking
statements” within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. These forward-looking statements reflect the
current views of Equity’s management with respect to, among other
things, future events and Equity’s financial performance. These
statements are often, but not always, made through the use of words
or phrases such as “may,” “should,” “could,” “predict,”
“potential,” “believe,” “will likely result,” “expect,” “continue,”
“will,” “anticipate,” “seek,” “estimate,” “intend,” “plan,”
“project,” “forecast,” “goal,” “target,” “would” and “outlook,” or
the negative variations of those words or other comparable words of
a future or forward-looking nature. These forward-looking
statements are not historical facts, and are based on current
expectations, estimates and projections about Equity’s industry,
management’s beliefs and certain assumptions made by management,
many of which, by their nature, are inherently uncertain and beyond
Equity’s control. Accordingly, Equity cautions you that any such
forward-looking statements are not guarantees of future performance
and are subject to risks, assumptions and uncertainties that are
difficult to predict. Although Equity believes that the
expectations reflected in these forward-looking statements are
reasonable as of the date made, actual results may prove to be
materially different from the results expressed or implied by the
forward-looking statements. Factors that could cause actual results
to differ materially from Equity’s expectations include competition
from other financial institutions and bank holding companies; the
effects of and changes in trade, monetary and fiscal policies and
laws, including interest rate policies of the Federal Reserve
Board; changes in the demand for loans; fluctuations in value of
collateral and loan reserves; inflation, interest rate, market and
monetary fluctuations; changes in consumer spending, borrowing and
savings habits; and acquisitions and integration of acquired
businesses; and similar variables. The foregoing list of factors is
not exhaustive.
For discussion of these and other risks that may cause actual
results to differ from expectations, please refer to “Cautionary
Note Regarding Forward-Looking Statements” and “Risk Factors” in
Equity’s Annual Report on Form 10-K filed with the Securities and
Exchange Commission on March 9, 2023, and any updates to those risk
factors set forth in Equity’s subsequent Quarterly Reports on Form
10-Q or Current Reports on Form 8-K. If one or more events related
to these or other risks or uncertainties materialize, or if
Equity’s underlying assumptions prove to be incorrect, actual
results may differ materially from what Equity anticipates.
Accordingly, you should not place undue reliance on any such
forward-looking statements. Any forward-looking statement speaks
only as of the date on which it is made, and Equity does not
undertake any obligation to publicly update or review any
forward-looking statement, whether as a result of new information,
future developments or otherwise. New risks and uncertainties arise
from time to time and it is not possible for us to predict those
events or how they may affect us. In addition, Equity cannot assess
the impact of each factor on Equity’s business or the extent to
which any factor, or combination of factors, may cause actual
results to differ materially from those contained in any
forward-looking statements. All forward-looking statements,
expressed or implied, included in this press release are expressly
qualified in their entirety by this cautionary statement. This
cautionary statement should also be considered in connection with
any subsequent written or oral forward-looking statements that
Equity or persons acting on Equity’s behalf may issue.
Media Contact:
John J. HanleyChief Marketing OfficerEquity Bancshares,
Inc.(913) 583-8004jhanley@equitybank.com
Investor Contact:
Brian KatzfeyVP, Director of Corporate Development and Investor
RelationsEquity Bancshares, Inc.(316)
858-3128bkatzfey@equitybank.com
Photos accompanying this announcement are available
at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/0906a128-7927-4bff-8c80-dbc7be5f62aa
https://www.globenewswire.com/NewsRoom/AttachmentNg/a4d303eb-5fcf-4e3d-872d-cea7d1900f8d
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