Equity Bancshares, Inc. shares rise 3.86% intraday after acquiring Frontier Holdings, LLC for $120 million.

Equity Bancshares, Inc. rose 3.86% intraday, with the company entering into an Agreement and Plan of Reorganization to acquire Frontier Holdings, LLC for approximately $120 million. The acquisition includes converting Frontier's shares into 2.22 million shares of EQBK class A Stock and $32.5 million in cash, subject to certain conditions.