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Equity Bancshares agreed to buy Lincoln Bancorp for about $123.8M

Equity Bancshares agreed to buy Lincoln Bancorp in a deal valued at about $123.8 million, paid in cash and stock. The transaction would expand its presence in Iowa.

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By Colin KellaherEquity Bancshares has agreed to buy fellow bank-holding company Lincoln Bancorp for about $123.8 million in cash and stock in a deal that would expand its presence in Iowa.Equity on Thursday said Lincoln, based in Reinbeck, Iowa, has 16 locations and total assets of $1.7 billion.Eq…