EQUITABLE BANK

Equitable Bank, originally established as the Equitable Building and Loan Association in 1890, underwent a series of name and structural changes throughout its history. In 1988, it became known as The Equitable Building and Loan Association of Grand Island. This name was changed again in 1992 to The Equitable Building and Loan Association of Grand Island, Nebraska, and the institution adopted a mutual savings bank organization type. Subsequently, it transitioned to a full trust powers status in 1997. A significant rebranding occurred in 2001 when the institution was renamed Equitable Federal Savings Bank of Grand Island. In 2005, it changed its organization type to a stock savings bank and was rebranded as Equitable Bank. The primary regulatory agency for the bank shifted to The Office of the Comptroller of the Currency in 2011. On March 30, 2019, the bank changed its primary federal regulatory agency to the Federal Reserve, reclassified itself as a state-chartered commercial bank and became a member of the Federal Reserve System, which increased its operational capabilities and regulatory oversight.

Below is a list of some important events in bank's history, including mergers and acquisitions.

03-30-2019Changed Primary Federal Regulatory Agency to FED.

03-30-2019Changed Organization Type to Commercial Bank.

03-30-2019Changed Bank Class to State Chartered Bank, member of the Federal Reserve System (FRS).

03-30-2019Changed Chartering Agency to State.

03-30-2019Institution becomes member of the Federal Reserve System.