Document:

EX-10.13

 Exhibit 10.13 

EXECUTION COPY 

REGISTRATION RIGHTS AGREEMENT 

This REGISTRATION RIGHTS AGREEMENT (the “Agreement”), dated as of May 15, 2012, is made among EQUITY BANCSHARES, INC., a Kansas
business corporation (the “Corporation”), with its chief executive offices at Suite 200, 7701 Kellogg Drive, Wichita, KS 67207, and COMPASS ISLAND INVESTMENT OPPORTUNITIES FUND A, L.P. (“Fund A”) and COMPASS ISLAND INVESTMENT
OPPORTUNITIES FUND C, L.P. (“Fund C” and, collectively with Fund A, “Holder”), with their chief executive offices at 712 Fifth Avenue, 12th Floor, New York, NY 10019. 

Background: 
 In order to
induce Holder to enter into that certain Stock Purchase Agreement of even date with this Agreement (the “Purchase Agreement”) for the purchase of Registrable Securities (as defined below) in a private offering, the Corporation has agreed
to provide the registration rights provided for in this Agreement. 
 NOW, THEREFORE, in consideration of the premises and covenants herein
and of the Holder’s execution and delivery of the Purchase Agreement, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound, the Corporation hereby agrees
as follows: 
 1. Defined Terms. The following terms when used in this Agreement have the following respective meanings: 

“1933 Act” means the U.S. Securities Act of 1933, as from time to time amended, and the rules and regulations of the SEC promulgated
thereunder. 
 “1934 Act” means the U.S. Securities Exchange Act of 1934, as from time to time amended, and the rules and
regulations of the SEC promulgated thereunder. 
 “Affiliate” means, with respect to any Person, any other Person directly or
indirectly controlling, controlled by, or under direct or indirect common control with, such Person. For the purposes of this definition, “control” with respect to any Person means the power to direct the management and policies of such
Person, directly or indirectly, by or through stock ownership, agency or otherwise, or pursuant to or in connection with an agreement, arrangement or understanding (written or oral) with one or more other Persons; and the terms
“controlling” and “controlled” shall have meanings correlative to the foregoing. 
 “Business Day” means any
day other than a Saturday, Sunday, or a day on which banks are authorized or required to be closed for business in Wichita, Kansas. 

“Person” means natural persons, corporations, limited liability companies, trusts, joint ventures, associations, companies,
partnerships, governments or agencies or political subdivisions thereof and other political or business entities. 
 “Prospectus”
means the prospectus included in any Registration Statement, as amended or supplemented by any prospectus supplement with respect to the terms of the offering of any portion of the Registrable Securities covered by such Registration Statement or any
other amendments and supplements to such prospectus, including without limitation any preliminary prospectus, any pre effective or post-effective amendment and all material incorporated by reference in any prospectus. 

 “Registrable Securities” means (i) the Corporation’s Class A Common
Stock, par value $0.01 per share, and Class B Common Stock, par value $0.01 per share, (ii) the Corporation’s common stock issued or issuable upon conversion of the preferred stock of the Corporation, (iii) the Corporation’s
preferred stock issuable upon exercise of any warrant and (iv) any securities issued or issuable upon any stock split, dividend or other distribution, recapitalization or similar event with respect to the foregoing. As to any particular
Registrable Securities, once issued such securities shall cease to be Registrable Securities when (i) a Registration Statement with respect to the sale of such securities shall have become effective under the 1933 Act and such securities shall
have been disposed of in accordance with such Registration Statement, (ii) such securities shall have been sold to the public pursuant to Rule 144, (iii) such securities shall have ceased to be outstanding, or (iv) such securities
become eligible for sale without the requirement for the Corporation to be in compliance with the current public information required under Rule 144 and without volume or manner of sale restrictions by Holder, provided Holder is not an Affiliate of
the Corporation. 
 “Registration Statement” means any one or more registration statements of the Corporation filed under the 1933
Act that covers the resale of any of the Registrable Securities pursuant to the provisions of this Agreement, amendments and supplements to such Registration Statements, including post-effective amendments, all exhibits and all material incorporated
by reference or deemed to be incorporated by reference in such Registration Statements. 
 “Rule 144” means Rule 144 promulgated
by the SEC under and pursuant to the 1933 Act, or any successor rule, as from time to time amended. 
 “SEC” means the U.S.
Securities and Exchange Commission. 
 2. Piggy-back Registrations. 

(a) Right to Include Registrable Securities. If at any time the Corporation proposes to register (including for this purpose a
registration effected by the Corporation for security holders of the Corporation other than the Holder) any of its securities and to file a Registration Statement with respect thereto under the 1933 Act, whether or not for sale for its own account,
in a manner that would permit registration of Registrable Securities for sale to the public under the 1933 Act (a “Public Offering”), the Corporation will each such time promptly give written notice to the Holder (i) of its intention
to do so, (ii) of the form of registration statement of the SEC that has been selected by the Corporation and (iii) of the rights of Holder under this Section (the “Section 2 Notice”). The Corporation will include in the case of
a proposed Public Offering all Registrable Securities that the Corporation is requested in writing) within 15 days after the Section 2 Notice is given, to register by the Holder thereof (a
“Piggy-back Registration”); provided, however, that (x) if, at any time after giving written notice of its intention to register any securities and prior to the effective date of
the Registration Statement filed in connection with such registration, the Corporation shall determine that no securities shall be registered, the Corporation may, at its election, give written notice of such determination to Holder if Holder shall
have requested registration and, thereupon, shall be relieved of its obligation to register any Registrable Securities in connection with such abandoned registration, and (y) in case of a determination by the Corporation to delay registration
of the securities proposed by the Corporation to be registered, the Corporation shall be permitted to delay the registration of such Registrable Securities pursuant to this Section for the same period as the delay in registering such other
securities by the Corporation, as the case may be or may abandon the registration of all such securities, in the sole discretion of the Corporation. No registration effected under this Section for less than all the Registrable Securities shall
relieve the Corporation of its obligations to effect future registrations of any remaining Registrable Securities. The expenses of a withdrawn registration shall be borne by the Corporation. 

  
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 (b) Priority; Registration Form. If the managing underwriter(s) for a registration in
which Registrable Securities are proposed to be included pursuant to this Section that involves an underwritten offering shall advise the Corporation in writing in good faith that in its opinion, the number of Registrable Securities to be sold for
the account of persons other than the Corporation (collectively, “Selling Stockholders”) is greater than the amount that can be offered without adversely affecting the success of the offering (taking into consideration the interests of the
Corporation and the Holder), then the number of Registrable Securities to be sold for the account of Selling Stockholders (including Holder) may be reduced to a number that, in the opinion of the managing underwriter(s), may reasonably be sold
without having the adverse effect referred to above. The reduced number of Registrable Securities that may be registered shall be allocated in the following priority: first, to Registrable Securities proposed to be registered for offer and sale by
the Corporation; and second, to Registrable Securities proposed to be registered by the Selling Stockholders. The reduced number of Registrable Securities that may be registered pursuant to this Section 2(b) shall be allocated pro rata among
the Holder and any other Selling Stockholders, based on the number of Registrable Securities beneficially owned by the Selling Stockholders or in such other proportions as shall be mutually agreed upon by all the Selling Stockholders. If, as a
result of the proration provisions of this Section 2(b), the Holder shall not be entitled to include all Registrable Securities in a registration pursuant to this Section that the Holder has requested be included, Holder may elect to withdraw
its Registrable Securities from the registration. 
 3. Registration Procedures. 

(a) Use Reasonable Best Efforts. In connection with the Corporation’s registration obligations pursuant to this Agreement, the
Corporation shall use its reasonable best efforts to expeditiously effect such registrations to permit the sale of such Registrable Securities in accordance with the intended method or methods of disposition thereof and: 

(1) to prepare and file with the SEC a Registration Statement with respect to such Registrable Securities on any appropriate
form under the 1933 Act, and to cause such Registration Statement to become effective and to remain continuously effective under the 1933 Act until the earlier of (i) such time as all of the Registrable Securities covered by such Registration
Statement have been publicly sold or (ii) the date that all Registrable Securities covered by such Registration Statement cease to become such (the “Effectiveness Period”); 

(2) to (i) prepare and file with the SEC such amendments and supplements to such registration statement, and the
prospectus used in connection with such registration statement, as may be necessary to keep such Registration Statement continuously effective as to the applicable Registrable Securities for its Effectiveness Period; (ii) cause the related
Prospectus to be amended or supplemented by any required Prospectus supplement (subject to the terms of this Agreement), and, as so supplemented or amended, to be filed pursuant to Rule 424 under the 1933 Act; (iii) respond as promptly as
reasonably practicable to any comments received from the SEC with respect to each Registration Statement or any amendment thereto and, as promptly as reasonably possible, provide the Holder true and complete copies of all correspondence from and to
the SEC relating to such Registration Statement that pertains to the Holder as a “Selling Stockholder” but not any comments that would result in the disclosure to the Holder of material and non-public information concerning the
Corporation; and (iv) comply with the provisions of the 1933 Act and the 1934 Act with respect to the disposition of all Registrable Securities covered by a Registration Statement until such time as all of such Registrable Securities shall have
been disposed of (subject to the terms of this Agreement) in accordance with the intended methods of disposition by the Holder thereof as set forth in such Registration Statement as so amended or in such Prospectus as so supplemented; provided
however, that Holder shall be responsible for the delivery of the Prospectus to the Persons to whom such Holder sells any of the Registrable 

  
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Securities (including in accordance with Rule 172 under the 1933 Act), and Holder agrees to dispose of Registrable Securities in compliance with the plan of distribution described in the
Registration Statement and otherwise in compliance with applicable federal and state securities laws. In the case of amendments and supplements to a Registration Statement which are required to be filed pursuant to this Agreement by reason of the
Corporation filing a report on Form 10-K, Form 10-Q or Form 8-K or any analogous report under the 1934 Act, the Corporation shall have incorporated such report by reference into such Registration Statement, if applicable, or shall file
such amendments or supplements with the SEC on the same day on which the 1934 Act report which created the requirement for the Corporation to amend or supplement such Registration Statement was filed; 

(3) to notify the Holder if it is selling Registrable Securities and the managing underwriter(s), if any, promptly if at any
time (A) any Prospectus, Registration Statement or amendment or supplement thereto is proposed to be filed, (B) when the SEC notifies the Corporation whether there will be a “review” of such Registration Statement and whenever
the SEC comments in writing on any Registration Statement (in which case the Corporation shall provide to Holder true and complete copies of all comments that pertain to the Holder as a “Selling Stockholder” or to the “Plan of
Distribution” and all written responses thereto, but not information that the Corporation believes would constitute material and non-public information), (C) any Registration Statement, or any post-effective amendment thereto, becomes
effective, (D) the SEC or any other federal or state governmental authority requests any amendment or supplement to, or any additional information in respect of, any Registration Statement or Prospectus, (E) the SEC or any other federal or
state governmental authority issues any stop order suspending the effectiveness of a Registration Statement or initiates any proceedings for that purpose, (F) the Corporation receives any notice that the qualification of any Registrable
Securities for sale in any jurisdiction has been suspended or that any proceeding has been threatened or initiated for the purpose of suspending such qualification, or (G) of the occurrence of any event or passage of time that makes the
financial statements included in a Registration Statement ineligible for inclusion therein or any statement made in such Registration Statement or Prospectus or any document incorporated or deemed to be incorporated therein by reference untrue in
any material respect or that requires any revisions to such Registration Statement, Prospectus or other documents so that, in the case of such Registration Statement or the Prospectus, as the case may be, it will not contain any untrue statement of
a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein (in the case of any Prospectus, form of prospectus or supplement thereto, in light of the circumstances under which they
were made), not misleading; provided, however, that in the case of this subclause (G), such notice need only state that an event of such nature has occurred, without describing such event; 

(4) to use commercially reasonable efforts to avoid the issuance of, or, if issued, obtain the withdrawal of any order
suspending the effectiveness of a Registration Statement, or the suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction, as soon as practicable; 

(5) if requested by the managing underwriter(s) or the Holder of Registrable Securities being sold in connection with an
underwritten offering, to promptly incorporate into a Prospectus supplement or a post-effective amendment to the Registration Statement any information which the Corporation and such Holder reasonably agree is required to be included therein
relating to such sale of Registrable Securities; and to file such supplement or post-effective amendment as soon as practicable in accordance with the 1933 Act; 

  
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 (6) to furnish to the Holder and each managing underwriter, if any, one signed
copy of the Registration Statement and any post-effective amendment thereto, including all financial statements and schedules thereto, all documents incorporated therein by reference and all exhibits thereto (including exhibits incorporated by
reference) as promptly as practicable after filing such documents with the SEC; 
 (7) if Registrable Securities are being
sold in connection with an underwritten offering, to deliver to Holder and each underwriter, if any, as many copies of the Prospectus or Prospectuses (including each preliminary Prospectus) and any amendment, supplement or exhibit thereto as such
Persons may reasonably request; and to consent to the use of such Prospectus or any amendment, supplement or exhibit thereto by Holder and underwriter, if any, in connection with the offering and sale of the Registrable Securities covered by such
Prospectus, amendment, supplement or exhibit in each case in accordance with the intended method or methods of disposition thereof; 

(8) prior to any public offering of Registrable Securities, to register or qualify, or to cooperate with the Holder, the
underwriter(s), if any, and their respective counsel in connection with the registration or qualification (or exemption from the registration or qualification) of, such Registrable Securities for resale under the securities or blue sky laws of such
jurisdictions as may be requested by the Holder included in such Registration Statement; to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period; and to do any and all other acts or things
necessary to enable the disposition in such jurisdictions of the Registrable Securities covered by such Registration Statement; provided, however, that the Corporation will not be required to qualify generally to do business in any
jurisdiction where it is not then so qualified or to take any action which would subject it to general service in any jurisdiction where it is not then so subject; 

(9) to cooperate with the Holder and the underwriter(s), if any, to facilitate the timely preparation and delivery of
certificates representing the Registrable Securities to be delivered to a transferee pursuant to the Registration Statement, which certificates shall be free, to the extent permitted by the Purchase Agreement and under law, of all restrictive
legends, and to enable such Registrable Securities to be in such denominations and registered in such names as any such Holders may reasonably request. Certificates for Registrable Securities free from all restrictive legends may be transmitted by
the transfer agent to a Holder by crediting the account of such Holder’s prime broker with DTC as directed by such Holder; 

(10) upon the occurrence of any event described in clauses (E), (F) or (G) of Section 3(a)(3) above, to prepare
and file a supplement or post-effective amendment, including a post-effective amendment to the affected Registration Statements or a supplement to the related Prospectus or any document incorporated or deemed to be incorporated therein by reference,
and any other required documents, so that, as thereafter delivered, such Registration Statement and Prospectus will not thereafter contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or
necessary to make the statements therein (in the case of any Prospectus, form of prospectus or supplement thereto, in light of the circumstances under which they were made), not misleading; 

(11) to take all other actions in connection therewith as are reasonably necessary or desirable in order to expedite or
facilitate the disposition of the Registrable Securities included in such Registration Statement and, in the case of an underwritten offering: (i) to enter into an underwriting agreement in customary form with the managing underwriter(s) (such
agreement to contain standard and customary indemnities, representations, warranties and 

  
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other agreements of or from the Corporation, as the case may be); (ii) to obtain opinions of counsel to the Corporation (which (if reasonably acceptable to the underwriter(s)) may be the
Corporation’s inside counsel) addressed to the underwriter(s ), such opinions to be in customary form; and (iii) to obtain “comfort” letters from the Corporation’s independent certified public accountants addressed to the
underwriter(s), such letters to be in customary form; 
 (12) to consider in good faith any reasonable request of Holder and
underwriters for the participation of management of the Corporation in “road shows” and similar sales events; 

(13) the Corporation shall use its commercially reasonable efforts to maintain eligibility for use of Form S-3 (or any
successor form thereto) for the registration of the resale of Registrable Securities; 
 (14) the Corporation shall otherwise
use commercially reasonable efforts to comply with all applicable rules and regulations of the SEC under the 1933 Act and the 1934 Act, including Rule 172, notify the Holder promptly if the Corporation no longer satisfies the conditions of Rule 172
and take such other actions as may be reasonably necessary to facilitate the registration of the Registrable Securities hereunder; and make available to its security holders, as soon as reasonably practicable, but not later than the Availability
Date (as defined below), an earnings statement covering a period of at least twelve (12) months, beginning after the effective date of each Registration Statement, which earning statement shall satisfy the provisions of Section ll(a) of the
1933 Act, including Rule 158 promulgated thereunder (for the purpose of this Section 3, “Availability Date” means the 45th day following the end of the fourth fiscal quarter that includes the effective date of such Registration
Statement, except that, if such fourth fiscal quarter is the last quarter of the Corporation’s fiscal year, “Availability Date” means the 90th day after the end of such fourth fiscal quarter); and 

(15) in connection with the filing of a Registration Statement hereunder or any amendment or supplement to a Registration
Statement or Prospectus hereunder, the Corporation shall, not less than three (3) Business Days prior to such filing, furnish to the Holder copies of such Registration Statement, Prospectus or amendment or supplement thereto, as proposed to be
filed, which documents will be subject to the review of the Holder (it being acknowledged and agreed that if the Holder does not object to or comment on the aforementioned documents within such three (3) Business Day period, then the Holder
shall be deemed to have consented to and approved the use of such documents). The Corporation shall not file any Registration Statement or amendment or supplement thereto in a form to which the Holder reasonably objects in good faith, provided that,
the Corporation is notified of such objection in writing within the three (3) Business Day period described above. 
 (b)
Holder’s Obligation to Furnish Information and Cooperate. If a registration is being effected with respect to any Registrable Securities held by Holder, Holder shall, promptly on the Corporation’s request, (i) furnish to the
Corporation such information regarding the Holder, the Registrable Securities held by the Holder, the manner of holding any interests therein, and distribution of such Registrable Securities, as the Corporation may from time to time reasonably
request in writing, and (ii) provide such consents as the Corporation may reasonably require with respect to disclosure of the content of the disclosures and any identification of the Holder or its Registrable Securities or the circumstances in
which they are held. The Holder further agrees that it shall not be entitled to be named as a selling Security holder in the Registration Statement or use the Prospectus for offers and resales of Registrable Securities at any time, unless such
Holder has returned to the Corporation a response to any requests for further information as described in the previous sentence. 
 (c)
Suspension of Sales Pending Amendment of Prospectus. Holder shall, upon receipt of any notice from the Corporation of the happening of any event of the kind described in clauses (D)-(G) of Section 3(a)(3) above, suspend the
disposition of any Registrable Securities covered by such Registration Statement or Prospectus until such Holder’s receipt of the copies of a supplemented or amended Prospectus or until it is advised in writing by the Corporation that the use
of the applicable Prospectus may be resumed, and, if so directed by the Corporation such Holder will deliver to the Corporation all copies, other than permanent file copies, then in such Holder’s possession of any Prospectus covering
such Registrable Securities. 

  
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 4. Registration Expenses. Except as otherwise expressly provided herein to the contrary,
the Corporation will bear all fees and expenses incident to the Corporation’s performance of or compliance with its obligations under this Agreement, including without limitation all (i) registration and filing fees (including, without
limitation, fees and expenses (A) with respect to filings required to be made with any trading market on which the common stock is then listed for trading, (B) with respect to compliance with applicable state securities or blue sky laws
(including, without limitation, fees and disbursements of counsel for the Corporation in connection with blue sky qualifications or exemptions of the Registrable Securities and determination of the eligibility of the Registrable Securities for
investment under the laws of such jurisdictions as requested by the Holder) and (C) with respect to any filing that may be required to be made by any broker through which the Holder intends to make sales of Registrable Securities with the
Financial Industry Regulatory Authority (“FINRA”) pursuant to FINRA Rule 5110, so long as the broker is receiving no more than a customary brokerage commission in connection with such sale, (ii) printing expenses (including, without
limitation, (A) expenses of printing certificates for Registrable Securities under all circumstances, and (B) expenses of printing prospectuses if the printing of prospectuses is reasonably requested by the Holders of a majority of the
Registrable Securities included in the Registration Statement), (iii) messenger, telephone and delivery expenses, fees and disbursements of its counsel and its independent certified public accountants (including the expenses of any special
audit or “comfort” letters required by or incident to such performance or compliance), (iv) 1933 Act liability insurance (if the Corporation elects to obtain such insurance), (v) fees and expenses of all other Persons retained by
the Corporation in connection with the consummation of the transactions contemplated by this Agreement and (vi) the expenses and fees for listing securities to be registered on each securities exchange on which securities are then listed (all
such expenses being herein referred to as “Registration Expenses”); provided, however, that Registration Expenses borne by the Corporation shall not include any underwriting discounts, commissions or fees attributable to the sale of
the Holder’s Registrable Securities or the fees and expenses of counsel for the Holder, which underwriting discounts, commissions, fees and expenses of counsel shall in all cases be borne solely by the Holder; provided that the
Corporation shall reimburse the Selling Stockholders for reasonable legal fees and expenses not to exceed $25,000 in the aggregate per registration, and, provided, further that the Holder will bear all its other expenses incurred in
fulfilling its obligations under this Agreement. In addition, the Corporation shall be responsible for all of its internal expenses incurred in connection with the consummation of the transactions contemplated by this Agreement (including, without
limitation, all salaries and expenses of its officers and employees performing legal or accounting duties), the expense of any annual audit and the fees and expenses incurred in connection with the listing of the Registrable Securities on any
securities exchange as required hereunder. 
 5. Indemnification. 

(a) Indemnification by the Corporation. The Corporation shall, notwithstanding any termination of this Agreement, indemnify, defend and
hold harmless (I) the Holder, its partners, members, managers, stockholders, Affiliates, and the directors, officers, employees and agents of each of the foregoing, (II) each Person who controls the Holder (within the meaning of Section 15
of the 1933 Act or Section 20 of the 1934 Act), the partners, members, managers, stockholders, Affiliates of each such 

  
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controlling Person, and the directors, officers, employees and agents of each of the foregoing (collectively, ‘‘Holder Covered Persons”), to the fullest extent permitted by
applicable law, from and against any and all losses, claims, damages, liabilities, costs (including, without limitation, reasonable costs of preparation and investigation and reasonable attorneys’ fees) and expenses (collectively,
“Damages”), as incurred, that arise out of or are based upon any untrue or alleged untrue statement of a material fact contained in any Registration Statement, any Prospectus (including any “free writing prospectus”) or any form
of prospectus or in any amendment or supplement thereto or in any preliminary prospectus, or arising out of or relating to any omission or alleged omission to state a material fact required to be stated therein or necessary to make the statements
therein (in the case of any Prospectus (including any “free writing prospectus”) or form of prospectus or supplement thereto, in light of the circumstances under which they were made) not misleading, except to the extent that,
(A) such untrue statements, alleged untrue statements, omissions or alleged omissions are based solely upon information regarding such Holder furnished in writing to the Corporation by such Holder expressly for use therein, or to the extent
that such information relates to such Holder or such Holder’s proposed method of distribution of Registrable Securities and was reviewed and approved by such Holder expressly for use in the Registration Statement, such Prospectus or such form
of Prospectus or in any amendment or supplement thereto, or (B) in the case of an occurrence of an event of the type specified in Section 3(a)(3)(E)-(G), related to the use by a Holder of an outdated or defective Prospectus after the
Corporation has notified such Holder in writing that the Prospectus is outdated or defective and prior to the receipt by such Holder of the Advice contemplated and defined in Section 9(j) below. The Corporation shall notify the Holder promptly
of the institution, threat or assertion of any proceeding arising from or in connection with the transactions contemplated by this Agreement of which the Corporation is aware. Such indemnity shall remain in full force and effect regardless of any
investigation made by or on behalf of an Indemnified Party (as defined in Section 5(c)) and shall survive the transfer of the Registrable Securities by the Holders. 

(b) Indemnification by the Selling Holder. The Holder shall indemnify and hold harmless the Corporation, its directors, officers,
agents and employees, each Person who controls the Corporation (within the meaning of Section 15 of the 1933 Act and Section 20 of the 1934 Act), and the directors, officers, agents or employees of such controlling Persons (collectively,
“Corporation Covered Persons”), to the fullest extent permitted by applicable law, from and against all Damages, as incurred, arising out of or based upon any untrue or alleged untrue statement of a material fact contained in any
Registration Statement, any Prospectus (including any “free writing prospectus”), or any form of prospectus, or in any amendment or supplement thereto or in any preliminary prospectus, or arising out of or relating to any omission or
alleged omission of a material fact required to be stated therein or necessary to make the statements therein (in the case of any Prospectus (including any “free writing prospectus”), or any form of prospectus or supplement thereto, in
light of the circumstances under which they were made) not misleading, (i) to the extent, but only to the extent, that such untrue statements or omissions are based solely upon information regarding such Holder furnished in writing to the
Corporation by such Holder expressly for use therein or (ii) in the case of an occurrence of an event of the type specified in Section 3(a)(3)(E)-(G), to the extent, but only to the extent, related to the use by such Holder of an outdated
or defective Prospectus after the Corporation has notified such Holder in writing that the Prospectus is outdated or defective and prior to the receipt by such Holder of the Advice contemplated in Section 9(j). In no event shall the liability
of the selling Holder hereunder be greater in amount than the dollar amount of the net proceeds received by such Holder upon the sale of the Registrable Securities giving rise to such indemnification obligation. 

(c) Notices of Claims; Proceedings. 

(1) Promptly after receipt by a Holder Covered Person or a Corporation Covered Person (each, an “Indemnified Party”)
of written notice of the commencement of any 

  
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action or proceeding with respect to which a claim for indemnification may be made pursuant to this Section, such Indemnified Party will, if a claim in respect thereof is to be made against,
respectively, the Corporation, on the one hand, or Holder, on the other hand (such Person or Persons, the “Indemnifying Party”), give written notice to the Indemnifying Party of the commencement of such action; provided,
however, that the failure of any Indemnified Party to give notice as provided herein shall not relieve the Indemnifying Party of its or their obligations under this Section 5, except (and only) to the extent that it shall be finally
determined by a court of competent jurisdiction (which determination is not subject to appeal or further review) that such failure shall have materially and adversely prejudiced the Indemnifying Party, and in no event shall such failure relieve the
Indemnifying Party from any other liability which it may have to such Indemnified Party. If any such claim or action shall be brought against an Indemnified Party, and it shall notify the Indemnifying Party thereof, the Indemnifying Party shall be
entitled to participate therein, and, to the extent that it wishes, to assume the defense thereof with counsel reasonably satisfactory to the Indemnified Party, and after notice from the Indemnifying Party to such Indemnified Party of its election
to assume the defense thereof, the Indemnifying Party shall not be liable to such Indemnified Party under this Section for any legal or other expenses subsequently incurred by such Indemnified Party in connection with the defense thereof, other than
reasonable cost of investigation or as provided in paragraph (2) below. 
 (2) An Indemnified Party shall have the right
to employ separate counsel in any such proceeding and to participate in the defense thereof, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party or Parties unless: (1) the Indemnifying Party has agreed in
writing to pay such fees and expenses; the Indemnifying Party shall have failed promptly to assume the defense of such proceeding and to employ counsel reasonably satisfactory to such Indemnified Party in any such proceeding; or (3) the named
parties to any such proceeding (including any impleaded parties) include both such Indemnified Party and the Indemnifying Party, and such Indemnified Party shall have been advised by counsel that a conflict of interest exists if the same counsel
were to represent such Indemnified Party and the Indemnifying Party; provided, that the Indemnifying Party shall not be liable for the fees and expenses of more than one separate firm of attorneys at any time for all Indemnified Parties. The
Indemnifying Party shall not be liable for any settlement of any such proceeding effected without its written consent, which consent shall not be unreasonably withheld, delayed or conditioned. No Indemnifying Party shall, without the prior written
consent of the Indemnified Party, effect any settlement of any pending proceeding in respect of which any Indemnified Party is a party or for which indemnification is otherwise required hereunder, unless such settlement includes an unconditional
release of such Indemnified Party from all liability on claims that are the subject matter of such proceeding. 
 (3) Subject
to the terms of this Agreement, all fees and expenses of the Indemnified Party (including reasonable fees and expenses to the extent incurred in connection with investigating or preparing to defend such proceeding in a manner not inconsistent with
this Section 5(c)) shall be paid to the Indemnified Party, as incurred, within twenty (20) Business Days of written notice thereof to the Indemnifying Party; provided, that the Indemnified Party shall promptly reimburse the
Indemnifying Party for that portion of such fees and expenses applicable to such actions for which such Indemnified Party is finally judicially determined to not be entitled to indemnification hereunder. 

(d) Contribution. If the indemnification provided for in Section 5(a) and is unavailable or insufficient to hold harmless an
Indemnified Party under this Section, then each Indemnifying Party shall have a joint and several obligation to contribute to the amount paid or payable by such Indemnified Party as a result of the Damages referred to in this Section in such
proportion as is 

  
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appropriate to reflect the relative fault of the Indemnifying Party on the one hand and the Indemnified Party on the other hand in connection with the actions, statements or omissions that
resulted in such Damages as well as any other relevant equitable considerations. The relative fault shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a
material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information
and opportunity to correct or prevent such action, statement or omission. The Corporation and the Holder (in consideration of the Corporation’s including any Registrable Securities in any Registration Statement filed in accordance with this
Agreement) shall be deemed to have agreed that it would not be just and equitable if contributions pursuant to this Section were to be determined by pro rata allocation or by any other method or allocation which does not take account of the
equitable considerations referred to in the first sentence of this Section. The amount paid by an Indemnified Party as a result of the Damages referred to in the first sentence of this Section shall be deemed to include any legal or other expenses
reasonably incurred by such Indemnified Party in connection with investigating or defending any action or claim (which shall be limited as provided in subsection 5(c) if the Indemnifying Party has assumed the defense of any such action accordance
with the provisions thereof) which is the subject of this subsection 5(d). Notwithstanding the provisions of this subsection 5(d), the Holder shall not be required to contribute, in the aggregate, an amount in excess of the amount by which the net
proceeds actually received by the Holder for the sale of Registrable Securities in the registered offering exceeds the amount of damages that the Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or
omission or alleged omission. No Person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the 1933 Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation.
Promptly after receipt by an Indemnified Party under this Section of notice of the commencement of any action against such party in respect of which a claim for contribution has been made against an Indemnifying Party under this Section, such
Indemnified Party shall notify the Indemnifying Party in writing of the commencement thereof if the notice specified in subsection 5(c)(1) has not been given with respect to such action; provided, however, that the omission so to
notify the Indemnifying Party shall not relieve the Indemnifying Party from any liability which it may have to any Indemnified Party otherwise under this Section, except to the extent that the Indemnifying Party is actually materially prejudiced by
such failure to give notice, and in no event shall such failure relieve the Indemnifying Party from any other liability which it may have to such Indemnified Party. The indemnity and contribution agreements contained in this Section 5 are in
addition to any liability that the Indemnifying Parties may have to the Indemnified Parties and are not in diminution or limitation of the indemnification provisions under the Purchase Agreement. 

(e) Survival. The provisions of this Section 5 shall survive the termination of this Agreement and the expiration or termination
of any registration rights provided under this Agreement. 
 6. Rule 144. The Corporation shall file the reports required to be filed
by it under the 1933 Act and the 1934 Act and the rules and regulations promulgated thereunder, so long as it is subject to such reporting requirements, all to the extent required from time to time to enable Holder to sell Registrable Securities
without registration under the 1933 Act within the limits of the exemptions provided by Rule 144. The Corporation will use commercially reasonable efforts to file with the SEC in a timely manner all reports and other documents required of the
Corporation under the 1933 Act and the 1934 Act (at any time after the Corporation has become subject to such reporting requirements). The Corporation shall furnish to any Holder, so long as the Holder owns any Registrable Securities, forthwith upon
request (i) to the extent accurate, a written statement by the Corporation that it has complied with the reporting requirements of Rule 144 (at any time after ninety (90) days after the effective date of the registration statement filed by
the Corporation for an initial public offering), the 1933 Act, and the 1934 Act (at any time after the Corporation has become subject to such reporting requirements), or that it qualifies as a 

  
 10 

 
registrant whose securities may be resold pursuant to Form S-3 (at any time after the Corporation so qualifies); (ii) a copy of the most recent annual or quarterly report of the Corporation
and such other reports and documents so filed by the Corporation; and (iii) such other information as may be reasonably requested in availing the Holder of any rule or regulation of the SEC that permits the selling of any such securities
without registration (at any time after the Corporation has become subject to the reporting requirements under the 1934 Act) or pursuant to Form S-3 (at any time after the Corporation so qualifies to use such form). 

7. Underwritten Registrations. 

(a) Selection of Underwriter(s). In each registration under this Agreement, the underwriter or underwriters and managing underwriter or
managing underwriters that will administer the offering shall be selected by the Corporation. 
 (b) Agreements of Selling Holder.
Holder shall not sell any of its Registrable Securities in any underwritten offering pursuant to a registration hereunder unless Holder (i) agrees to sell such Registrable Securities on a basis provided in any underwriting agreement in
customary form, including the making of customary representations, warranties and indemnities and (ii) completes and executes all questionnaires, underwriting agreements and other documents required under the terms of such underwriting
agreements or as reasonably requested by the Corporation (whether or not such offering is underwritten). 
 (c) Holdbacks. With
respect to any underwritten offering of Registrable Securities pursuant to Section 2, the Corporation agrees not to effect (other than pursuant to such registration or pursuant to the registration of (i) equity securities and/or options or
other rights in respect thereof solely registered on Form S-4 or Form S-8 (or a successor form) or (ii) shares of equity securities and/or options or other rights in respect thereof to be offered to directors, members of management, employees,
consultants, customers, lenders or vendors of the Corporation or its subsidiaries or in connection with dividend reinvestment plans (a “Special Registration”)), and Holder agrees not to effect, any public sale or distribution, or to file
any shelf registration statement (other than such registration or a Special Registration) covering any of the Corporation’s equity securities, or any securities convertible into or exchangeable or exercisable for such securities, during the
period not to exceed 30 days prior and 90 days following the effective date of such offering or such longer period up to 180 days as may be requested by the managing underwriter. Holder also agrees to execute and deliver, and the Corporation agrees
to cause each of its directors and senior executive officers to execute and deliver, customary lockup agreements in such form and for such time period up to 180 days as may be requested by the managing underwriter. 

8. Transferability. The rights of Holder under this Agreement and the right to cause the Corporation to register Registrable Securities
under this Agreement may be assigned by Holder to a transferee or assignee of any Registrable Securities; provided, however that prior to the receipt by the Corporation of adequate written notice of the transfer of any Registrable
Securities specifying the full name and address of the transferee, the Corporation may deem and treat the person listed as the holder of such Registrable Securities in its records as the absolute owner and holder of such Registrable Securities for
all purposes. 
 9. Miscellaneous. 

(a) The Corporation (i) represents and warrants that neither the Corporation nor any of its subsidiaries has entered into, as of the date
hereof, any agreement with respect to its securities, that would have the effect of impairing the rights granted to the Holder in this Agreement or otherwise conflicts with the provisions of this Agreement; and (ii) covenants and agrees that
neither the Corporation 

  
 11 

 
nor any of its subsidiaries shall, on or after the date hereof, enter into any agreement with respect to its securities, that would have the effect of impairing the rights granted to the Holder
in this Agreement or otherwise conflicts with the provisions of this Agreement. 
 (b) The Corporation acknowledges that there would be no
adequate remedy at law if the Corporation fails to perform any of its obligations hereunder and that the Holder from time to time of the Registrable Securities may be irreparably banned by any such failure, and accordingly agree that the Holder, in
addition to any other remedy to which it may be entitled at law or in equity, shall be entitled to compel specific performance of the obligations of the Corporation under this Agreement in accordance with the terms and conditions of this Agreement.
Time shall be of the essence in this Agreement. 
 (c) Written notices under this Agreement shall be valid if sent by U.S. Certified Mail
(Return Receipt Requested) or recognized overnight delivery service (with charges prepaid), or by telecopier facsimile with evidence of successful transmission to the following respective addresses: 

 

			
	if to Holder:	  	c/o Resource Financial Institutions Group, Inc.
		  	712 Fifth Avenue, 12th Floor
		  	New York, NY 10019
		  	Attention: Shivan Govindan
		  	Telephone: (212) 506-3 816
		  	Facsimile: (212) 761-0402
		
	with a copy to:	  	Skadden, Arps, Slate, Meagher & Flom LLP
		  	4 Times Square
		  	New York, NY 10036 14
		  	Attention: David Ingles
		  	Telephone: (212) 735-2697
		  	Facsimile: (212) 735-2000

 or at such other address as such Holder or its legal counsel may have specified to the Corporation in writing, 

 

			
	and if to the Corporation:	  	Equity Bancshares, Inc.
		  	Suite 200, 7701 Kellogg Drive
		  	Wichita, KS 67207
		  	Attention: Brad S. Elliott
		  	Chairman and Chief Executive Officer
		  	Facsimile No. (316) 264-2905
		
	with a copy to:	  	Stinson Morrison Hecker LLP
		  	1201 Walnut, Suite 2900
		  	Kansas City, Missouri 64106
		  	Attention: C. Robert Monroe
		  	Telephone: (816) 842-8600
		  	Facsimile. (816) 691-3495

 or at such other address as the Corporation or its legal counsel may have specified to the Holder in writing. Notices
under this Section shall be deemed given only when actually received. 
 (d) All the terms and provisions of this Agreement shall be binding
upon, shall inure to the benefit of and shall be enforceable by the Corporation, the Holder from time to time of the 

  
 12 

 
Registrable Securities and the respective successors and assigns of the foregoing. In the event that any transferee of any Holder of Registrable Securities shall acquire Registrable Securities,
in any manner, whether by gift, bequest, purchase, operation of law or otherwise, such transferee shall, without any further writing or action of any kind, be deemed a beneficiary hereof for all purposes and such Registrable Securities shall be held
subject to all of the terms of this Agreement, and by taking and holding such Registrable Securities such transferee shall be entitled to receive the benefits of, and be conclusively deemed to have agreed to be bound by all of the applicable terms
and provisions of this Agreement. If the Corporation shall so request, any Holder and any such successor, assign or transferee shall agree in writing to acquire and hold the Registrable Securities subject to all of the applicable terms hereof. 

(e) The respective indemnities, agreements, representations, warranties and each other provision set forth in this Agreement or made pursuant
hereto shall remain in full force and effect regardless of any investigation (or statement as to the results thereof) made by or on behalf of any Holder of Registrable Securities, any director, officer or partner of such Holder, or any controlling
person of any of the foregoing, and shall survive the transfer and registration of Registrable Securities by such Holder. 
 (f) Each party
hereby irrevocably waives personal service of process and consents to process being served in any such suit, action or proceeding by mailing a copy thereof to such party at the address for such notices to it under this Agreement, by certified or
registered first class mail, postage prepaid, and agrees that such service shall constitute good and sufficient service of process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process in any
manner permitted by law. Each of the Corporation and the Holder, mutually and as an independent covenant, irrevocably waives, to the fullest extent permitted by applicable law, any and all right to trial by jury in any legal proceeding arising out
of or relating to this Agreement and the transactions contemplated hereby. 
 (g) The descriptive headings of the several Sections of this
Agreement are inserted for convenience only, do not constitute a part of this Agreement and shall not affect in any way the meaning or interpretation of this Agreement. 

(h) Other than the Purchase Agreement and the instruments referred to therein, this Agreement supersedes all other prior oral or written
agreements between the Holder, the Corporation, their Affiliates and persons acting on their behalf with respect to the matters discussed herein, and this Agreement and the Purchase Agreement and the instruments referenced herein and therein,
contain the entire understanding of the parties with respect to the matters covered herein and therein and, except as specifically set forth herein or therein, neither the Corporation nor the Holder makes any representation, warranty, covenant or
undertaking with respect to such matters. No provision of this Agreement may be amended other than by an instrument in writing signed by the Corporation and the Holder. No provision hereof may be waived other than by an instrument in writing signed
by the party against whom enforcement is sought. 
 (i) If any provision of this Agreement, or the application thereof in any circumstance,
is held to be invalid, illegal or unenforceable in any respect for any reason, the validity, legality and enforceability of such provision in every other respect and of the remaining provisions contained in this Agreement shall not be affected or
impaired thereby. 
 (j) By its acquisition of Registrable Securities, the Holder agrees that, upon receipt of a notice from the Corporation
of the occurrence of any event of the kind described in Section 3(a)(3)(D)-(G), such Holder will forthwith discontinue disposition of such Registrable Securities under a Registration Statement until it is advised in writing (the
“Advice”) by the Corporation that the use of the applicable Prospectus (as it may have been supplemented or amended) may be resumed. The Corporation may provide appropriate stop orders to enforce the provisions of this paragraph. 

  
 13 

 (k) The provisions of this Agreement, including the provisions of this sentence, may not be
amended, modified or supplemented, or waived unless the same shall be in writing and signed by the Corporation and Holder, provided that any party may give a waiver as to itself but any such waiver shall only effective to the extent it is in
writing. 
 (l) The parties understand and agree that Fund A and Fund Care collectively referred to herein as “Holder” for
convenience only. Any right or obligation of Holder herein referring to Fund A and Fund C collectively shall be a right or obligation, respectively, of each of Fund A and Fund C on a several and individual, and not joint or combined, basis. 

[SIGNATURE PAGE FOLLOWS] 

  
 14 

 IN WITNESS WHEREOF, the Corporation has caused this Registration Rights Agreement to be duly
executed and delivered as of the date first above written. 
  

									
	Attest: [Corporate Seal]	 		 	EQUITY BANCSHARES, INC.
				
	 /s/ Julie Huber
	 		 	By:	 	 /s/ Brad S. Elliott

	Name:	 	Julie Huber	 		 	Name:	 	Brad S. Elliott
	Title:	 	Secretary	 		 	Title:	 	Chairman and Chief Executive Officer
				
		 		 		 	COMPASS ISLAND INVESTMENT OPPORTUNITIES FUND A, L.P.
					
		 		 		 	By:	 	Resource Financial Institutions Group, Inc., Its General Partner
					
		 		 		 	By:	 	 /s/ Jeffrey Blomstrom

		 		 		 	Name:	 	Jeffrey Blomstrom
		 		 		 	Title:	 	CEO of RFIG, Inc.
				
		 		 		 	COMPASS ISLAND INVESTMENT OPPORTUNITIES FUND C, L.P.
					
		 		 		 	By:	 	Resource Financial Institutions Group, Inc., Its General Partner
					
		 		 		 	By:	 	 /s/ Jeffrey Blomstrom

		 		 		 	Name:	 	Jeffrey Blomstrom
		 		 		 	Title:	 	CEO of RFIG, Inc.

 [Signature Page to Registration Rights Agreement]EX-10.14

 Exhibit 10.14 

STOCK PURCHASE AGREEMENT 

This STOCK PURCHASE AGREEMENT (the “Agreement”), dated as of October 13, 2010, is made among EQUITY BANCSHARES, INC., a Kansas
business corporation (the “Corporation”) with its chief executive offices at Suite 200, 7701 Kellogg Drive, Wichita, KS 67207, and Endicott Opportunity Partners III, L.P. (“Purchaser”), with its chief executive offices at 360
Madison Avenue, 21st Floor, New York, NY 10017. 
 Background: 

A. The Corporation is registered as a bank holding company under the provisions of the Bank Holding Company Act of 1954, as amended (the
“BHC Act”). Its sole bank subsidiaries are Equity Bank, National Association (“Equity Bank”) and Signature Bank KC (“Signature Bank”) (individually a “Bank” and collectively, the “Banks”), an
FDIC-insured, Kansas chartered commercial bank that is not a member of the Federal Reserve System and is wholly owned by the Corporation. 

B. The Corporation intends to provide for the issuance and sale by the Corporation of not less than $20,000,000 in the “Class A Common
Stock” (as defined below) and Class B Common Stock (as defined below) of the Corporation at $10.00 per share, for a total of not less than 2,000,000 shares, including, the purchase by the Purchaser from the Corporation, of the “Purchased
Shares” referred to below, in a limited offering eligible for exemption from registration under the Securities Act of 1933, as amended (the “1933 Act”) pursuant to Rule 506 of Regulation D of the Securities and Exchange Commission
(“SEC”) (the “Offering”). The Corporation wishes to sell to Purchaser, who wishes to purchase, the “Purchased Shares” defined below. 

C. Contemporaneously with the execution and delivery of this Agreement, in consideration of Purchaser’s agreements in this Agreement, the
Corporation is entering into a Registration Rights Agreement for the benefit of Purchaser, substantially in the form attached as Exhibit A hereto (the “Registration Rights Agreement”), pursuant to which the Corporation agrees
to provide certain registration rights with respect to the Purchased Shares under the 1933 Act and applicable state securities laws, and a Management Rights Agreement in the form attached as Exhibit B hereto (the “Management
Rights Agreement”), each of which is a material inducement to Purchaser to enter into this Agreement. 
 NOW, THEREFORE, intending to
be legally bound hereby, and in consideration of the mutual benefits of this Agreement and other good and valuable consideration the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows: 

 

	 	1.	AUTHORIZATION; SALE AND PURCHASE OF SHARES 

 1.1 Authorization and Reservation of Shares.
The Corporation has duly authorized the issuance and sale, and reserved for issuance to Purchaser, of not less than an aggregate of 444,808 newly issued shares of the Corporation’s Class A Voting Common Stock as designated in the
Corporation’s Articles of Incorporation, as amended (the “Articles”), par value $0.01 per share (the “Class A Common Stock”) and the Corporation’s Class B Non-Voting Common Stock as designated in the Articles, par
value $0.01 per share (the “Class B Common Stock” and together with the Class A Common Stock, the “Common Stock”). 

 1.2 Sale and Purchase of Shares. Subject to the terms and conditions herein provided, the
Corporation hereby agrees to sell to the Purchaser, and the Purchaser, agrees to purchase from the Corporation: 
  

	 	(a)	that number of shares of Class A Common Stock as shall equal the lesser of (i) 415,253 shares, or (ii) 9.9% of the Corporation’s Class A Common Stock outstanding immediately after such purchase,
and 

  

	 	(b)	that number of shares of the Corporation’s Class B Common Stock as shall equal the difference obtained by subtracting (i) the number of shares of Class A Common Stock purchased pursuant to paragraph
(a) of this Section, from (ii) 444,808, 

 at a purchase price of $10.00 per share, which shall not exceed in the aggregate
$4,448,080 (the “Purchase Price”). Under paragraphs (a) and (b) of this Section, the relevant percentage of outstanding shares shall be calculated using the “CIBC Methodology” described in Section 1.3. 

1.3 Calculation of Percentage Ownership. In determining the number of shares of Class A Common Stock that shall equal the
designated percentage of outstanding shares of Class A Common Stock for purposes of Section 1.2, the percentage shall be the equivalent of a fraction for which (i) the numerator shall equal the aggregate number of shares of
Class A Common Stock owned or being acquired by Purchaser at the time of reference (taking into account any purchase by Purchaser then being completed); and (ii) the denominator shall equal the sum of (A) the number of shares of
Class A Common Stock of the Corporation that are or will be outstanding at the time of reference (taking into account any purchase by Purchaser and any other investors then being completed). This shall be referred to as the “CIBC
Percentage.” 
  

	 	2.	CLOSINGS. 

 2.1 Time and Place of the Closing. Subject to Section 3 hereof, payment
of the Purchase Price for and delivery of the Purchased Shares, which are mutually conditional (together, the “Closing”) shall be made at the offices of the Corporation, or at such other place or in such other manner as may be agreed upon
by the Corporation and the Purchaser, on or before October 15, 2010, subject to (A) the satisfaction of the conditions to Closing set forth in Section 3 hereof or (B) the receipt of the last regulatory approval of any
Governmental Authority (as defined below) for the Purchaser to acquire the Purchased Shares, if required, and the expiration of any related statutory waiting period, or on such date and time as the Purchaser and the Corporation shall mutually agree
(each such date and time of payment and delivery being herein called the “Closing Date”). 
 2.2 Delivery of and Payment for
the Purchased Shares. At the Closing, the Corporation shall issue in certificated form to and in the name of the Purchaser the Purchased Shares to be purchased by it, dated the Closing Date and bearing appropriate legends as hereinafter provided
for, and registered on the books and records of the Corporation in the Purchaser’s name, against payment in full at the Closing of the aggregate Purchase Price therefore by wire transfer of immediately available funds for credit to such account
as the Corporation shall direct. 

  
 -2- 

	 	3.	CONDITIONS TO CLOSING 

 3.1 Conditions to the Purchaser’s Obligations. The
obligations of the Purchaser hereunder are subject to the accuracy, as of the date hereof and on the Closing Date, of the representations and warranties of the Corporation contained herein, and to the performance by the Corporation of its
obligations hereunder and to each of the following additional terms and conditions (or waiver thereof by the Purchaser): 
 (a) The
Corporation shall have furnished to the Purchaser a certificate, dated the Closing Date, executed on behalf of the Corporation by each of the Chairman and Chief Executive Officer and the Chief Financial Officer of the Corporation, stating that: 

(i) The representations, warranties and agreements of the Corporation in Section 4.1 hereof are true and correct as of the Closing Date
and the Corporation has complied with all its agreements contained herein and the Corporation shall have performed, satisfied and complied with all covenants, agreements and conditions required by this Agreement, the schedules and exhibits attached
hereto, the Registration Rights Agreement and any other documents or agreements executed in connection with the transactions contemplated hereunder (collectively, the “Transaction Documents”) to be performed, satisfied or complied with by
it at or prior to the Closing; 
 (ii) Such officers have examined the Financial Statements (as defined in Section 4.1(e) hereof) and,
in their opinion, (except to the extent superseded by statements in later-prepared documents comprising part of the Financial Statements and delivered to Purchaser), as of the Closing Date, the Financial Statements do not contain any untrue
statement of a material fact nor omit to state any material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, with respect to the respective
periods covered by such Financial Statements; and 
 (iii) From the date hereof to the Closing Date, there has not been any event or series
of events, change, occurrence or development or a state of circumstances or facts (including any events, changes, occurrences, developments, state of circumstances or facts existing prior to the date hereof but which become known during such period)
that, individually or in the aggregate, has had, or would reasonably be expected to have, a “Material Adverse Effect” (for purposes of this Agreement, “Material Adverse Effect” means a material adverse effect on (i) the
business, results of operation or financial condition of the Corporation and its Subsidiaries taken as a whole; provided, however, that Corporation Material Adverse Effect shall not be deemed to include the effects of (A) changes after the date
of this Agreement (the “Signing Date”) in general business, economic or market conditions (including changes generally in prevailing interest rates, credit availability and liquidity, currency exchange rates and price levels or trading
volumes in the United States or foreign securities or credit markets), or any outbreak or escalation of hostilities, declared or undeclared acts of war or terrorism, in each case generally affecting the industries in which the Corporation and its
subsidiaries operate, (B) changes or proposed changes after the Signing Date in generally accepted accounting 

  
 -3- 

 
principles in the United States (“GAAP”) or regulatory accounting requirements, or authoritative interpretations thereof, or (C) changes or proposed changes after the Signing Date
in securities, banking and other laws of general applicability or related policies or interpretations of Governmental Authority (in the case of each of these clauses (A), (B) and (C), other than changes or occurrences to the extent that such
changes or occurrences have or would reasonably be expected to have a materially disproportionate adverse effect on the Corporation and its Subsidiaries taken as a whole relative to comparable U.S. banking or financial services organizations); or
(ii) the ability of the Corporation to consummate the Transactions and perform its obligations hereunder on a timely basis. 
 (b) The
Corporation shall have delivered a certificate of the Secretary of the Corporation, dated as of the Closing Date, (i) certifying the resolutions adopted by the Board of Directors of the Corporation or a duly authorized committee thereof
approving the transactions contemplated by this Agreement and the issuance of the Purchased Shares, (ii) certifying the current version of the bylaws, as amended, of the Corporation and (iii) certifying as to the signatures and authority
of persons signing this Agreement and related documents on behalf of the Corporation. 
 (c) The Corporation shall have delivered
(i) a certificate evidencing the good standing, and (ii) a certified copy of all charter documents of record, in both cases (i) and (ii) above for each of the Corporation, the Banks and any other “Subsidiaries” (as
hereinafter defined) in its respective jurisdiction of formation, and due qualification as a foreign organization authorized to do business in any other jurisdiction in which it maintains any offices, issued by the Secretary of State (or comparable
office) of such jurisdiction, as of a date within five (5) business days prior to the Closing Date. 
 (d) The Corporation shall have
caused the issuance and delivery to Purchaser of certificates from (i) the Federal Deposit Insurance Corporation (the “FDIC”) confirming that each Bank’s deposits are currently insured by the FDIC, (ii) the Board of
Governors of the Federal Reserve System (the “Federal Reserve”), certifying that Corporation is a registered bank holding company, (iii) the Office of the Comptroller of the Currency (“OCC”) that Equity Bank is a national
banking association, and (iv) the Kansas state bank regulatory agency (the “Department”) certifying that Signature Bank is duly authorized as a commercial bank under Kansas law. 

(e) Any authorizations, consents, commitments, agreements, orders or approvals or confirmation of nonobjection of, or declarations,
notifications or filings with, or expirations of waiting periods imposed by, any federal, state or local court or governmental or regulatory agency or authority or applicable stock exchange or trading market, including without limitation the Federal
Reserve, the FDIC, the Department or any state securities regulator (any such court, agency, authority, exchange or market, a “Governmental Authority”) required to be obtained by the Corporation or the Purchaser for the consummation of the
Transactions, as defined herein (the foregoing are sometimes referred to herein as a “Required Approval” and collectively as “Required Approvals”), shall have been obtained or filed or shall have occurred (as applicable) and, as
to any order or orders, any such orders shall have become final, non-appealable, and neither Purchaser nor Corporation shall have received written notice from or otherwise been notified by a Governmental Authority that it will not grant a Required
Approval. 

  
 -4- 

 
At Purchaser’s sole option, no Required Approval shall (i) impose any condition or requirement that would reasonably be expected to be materially burdensome to the Purchaser (including
without limitation any that, in Purchaser’s reasonable judgment, could impose material constraints or restrictions on the Purchaser’s current business or investments), or (ii) impose any restraint or condition on any limited partner
of the Purchaser (including a requirement to file any application or notice under the BHC Act, the Change in Bank Control Act or any other federal or state banking law) (the foregoing, if identified by Purchaser, using its reasonable good faith
judgment, by written notice to Corporation as “Burdensome Conditions,” are sometimes referred to herein individually as a “Burdensome Condition and collectively as “Burdensome Conditions”). For purposes of this Agreement,
the imposition of a Burdensome Condition in connection with a Required Approval shall constitute a denial of such Required Approval and the Required Approval shall be deemed not received for all purposes in this Agreement, including but not limited
to Section 6.15(b). The condition set forth in this subsection is sometimes referred to in this Agreement as the “Approval Condition.” 

(f) As a condition precedent to Purchaser purchasing the Purchased Shares, Purchaser shall have received, to the extent required by
applicable law or regulations, written confirmation from (a) the Federal Reserve of its Non-Control Determination as to Purchaser and (b) the Department of its approval or non-objection for Purchaser to purchase the Purchased Shares;
provided, however, that no such regulatory approval or non-objection or Non-Control Determination shall impose a Burdensome Condition and provided, further, that the imposition of one or more Burdensome Conditions in connection with a regulatory
approval or Non-Control Determination shall constitute a denial of such regulatory approval or Non-Control Determination and such regulatory approval or Non-Control Determination shall be deemed not received for all purposes of this Agreement,
including but not limited to Section 1.3 hereof. 
 (g) There shall be no judgment, injunction, order or decree prohibiting any of the
transactions contemplated hereby, and no action, suit or proceeding shall be pending or threatened before or by any court or Governmental Authority seeking to restrain or prohibit, or seeking damages in connection with, the transactions contemplated
hereby. The condition set forth in this subsection is sometimes referred to in this Agreement as the “Prohibition Condition.” 

(h) Independent legal counsel to the Corporation reasonably satisfactory to Purchaser (“Corporation Counsel”) shall have furnished
to the Purchaser its written opinion, addressed to the Purchaser and dated the Closing Date, in form and substance acceptable to Purchaser. 

(i) The Corporation shall have delivered to the Purchaser, at least five (5) business days prior to Closing, for Purchaser’s
review, an updated copy of Schedule 3.1(i) (the “Capital Schedule”) that certifies, as of the time immediately after the Closing and assuming the sale of the number of each type of Purchased Shares determined by
Purchaser as contemplated by this Agreement, the number of shares, by class, series and type, of all authorized, issued and outstanding capital stock, options, warrants, subordinated debt instruments, trust preferred securities, hybrid debt or
capital instruments, any debt or equity instruments convertible into shares of common stock of the Corporation, and other securities of the Corporation (in each case stating whether or not convertible into or exercisable or exchangeable for shares
of capital stock 

  
 -5- 

 
of the Corporation); the Corporation shall attach to the Capital Schedule complete copies of the instruments defining all rights and all conversion features of each type of security listed on the
Capital Schedule other than (i) Class A Common Stock, (ii) the Class B Common Stock and (iii) the preferred stock issued to the United States Treasury in January 2009. 

(j) Except as set forth on Schedule 3.1(i), the Corporation shall not, at any time at or before the Closing or as part of the
Offering, enter into any agreements with any investor or group of affiliated investors owning and/or committing to purchase any securities of the Corporation (“Other Significant Investor(s)”) containing, rights, obligations and provisions
more favorable to the Other Significant Investor(s) than the rights, obligations and provisions set forth herein. The provisions of this Section 3.1(j) are a covenant as well as a condition and shall survive the Closing. 

(k) The Corporation shall complete closing on and shall have received the proceeds in collected funds for, the issuance and sale of not less
than an aggregate of $20,000,000 (2,000,000 shares) of Class A Common Stock and Class B Common Stock in the Offering. 
 3.2
Conditions to the Corporation’s Obligations. The obligations of the Corporation hereunder are subject to the accuracy, as of the date hereof and as of the Closing Date, of the representations and warranties of the Purchaser contained
herein and to the performance by the Purchaser of its obligations hereunder and the conditions (or waiver thereof by the Corporation) set forth in Section 3.1(e) and, to the extent applicable, 3.1(f). 

 

	 	4.	REPRESENTATIONS AND WARRANTIES 

 4.1 Representations, Warranties and Agreements of the
Corporation. Except as otherwise set forth on the Corporation Disclosure Schedule attached hereto, the Corporation represents and warrants to, and agrees with the Purchaser that as of the date hereof and immediately prior to the Closing: 

(a) The authorized capital stock of the Corporation consists of: 
  

	 	(i)	45,000,000 shares of Class A Common Stock, par value $0.01 per share, of which 2,493,014 shares are outstanding as of the date of this Agreement; and 

 

	 	(ii)	5,000,000 shares of Class B Common Stock, of which no shares are outstanding as of the date of this Agreement; and 

  

	 	(iii)	10,000,000 shares of preferred stock, of which 8,750 shares of its Fixed Rate Cumulative Perpetual Preferred Stock, Series A, and 438 shares of its Fixed Rate Cumulative Perpetual Preferred Stock, Series B,
are outstanding as of the date of this Agreement. 

 (b) The Corporation does not have any “Subsidiaries” (as
defined below) other than the Banks, SA Holdings, Inc. and Country Park II Residences, L.C. which are wholly owned direct or indirect Subsidiaries of Equity Bank (collectively, the “Bank Subsidiaries”).

  
 -6- 

 
Within the preceding twenty-four (24) months, the Corporation and each Subsidiary have filed all notices, forms, reports, registrations and statements, together with any required amendments
thereto, that it was required to file with the Federal Reserve, the FDIC, the Department and any other applicable federal or state securities or banking authorities, except where the failure to file any such report, registration or statement would
not reasonably be expected to have a Material Adverse Effect. All such reports and statements filed within the preceding twenty-four (24) months, with any such regulatory body or authority are collectively referred to herein as the
“Corporation Reports.” As of their respective dates, the Corporation Reports complied as to form in all material respects with all the rules and regulations promulgated by the Federal Reserve, the FDIC, the Department and any other
applicable foreign or state securities or banking authorities, as the case may be. For the purposes of this Agreement, the term “Subsidiary” shall mean any: (a) firm, corporation, partnership, limited liability company, trust or other
entity of which the Corporation directly, or indirectly through any Subsidiary, owns (i) at least 10% of the outstanding voting capital stock (or other outstanding voting shares of beneficial interest), or (ii) at least a majority of the
partnership, membership, joint venture or similar interests; (b) partnership in which the Corporation or any Subsidiary of the Corporation is a general partner; or (c) limited liability company in which the Corporation or any Subsidiary of
the Corporation is the manager or the managing member or owns a majority interest. The Corporation owns, directly or indirectly, all of the capital stock or comparable equity interests of each Subsidiary free and clear of any and all liens, and all
the issued and outstanding shares of capital stock or comparable equity interest of each Subsidiary are validly issued and are fully paid, non-assessable and free of preemptive and similar rights to subscribe for or purchase securities. 

(c) Since December 31, 2009 (the “Financial Statement Date”), no change has occurred and no circumstances exist (including any
changes, occurrences, circumstances or facts existing prior to the Financial Statement Date, but which became known on or after the Financial Statement Date) that is not reflected in the Financial Statements (as defined below) which, individually or
in the aggregate, have had or are reasonably likely to have a Material Adverse Effect. Except as set forth in Schedule 4.1(c), there are no transactions, arrangements, or other relationships between the Corporation or any
Subsidiary and an unconsolidated or other off balance sheet entity. Neither the Corporation nor any of its Subsidiaries is a party to any material transaction or material contract or arrangement with any stockholder of the Corporation holding at
least 5% of the outstanding shares of Class A Common Stock (determined on a fully diluted basis), director, officer or employee of the Corporation or any of its Subsidiaries (collectively, “Related Parties”) or any of the respective
immediate family members or affiliates of Related Parties other than in the ordinary course of business. 
 (d) The Corporation, the Banks
and each of their respective Subsidiaries (i) have all corporate power and authority necessary to own or hold their respective properties and to conduct the businesses in which they are currently engaged and have conducted their business in
compliance with all applicable federal, state and foreign laws, orders, judgments, decrees, rules and regulations, including all laws and regulations restricting activities of bank holding companies and banking organizations; and (ii) have all
permits, licenses, authorizations, orders and approvals of, and have made all filings, applications and registrations with, any governmental entities that are required in order to carry on their business as presently conducted and that are material
to the business of the Corporation or such Subsidiary, except where the 

  
 -7- 

 
failure to have such permits, licenses, authorizations, orders and approvals or the failure to make such filings, applications and registrations would not, individually or in the aggregate,
reasonably be expected to have a Material Adverse Effect; and all such permits, licenses, certificates of authority, orders and approvals are in full force and effect and, to the knowledge of the Corporation, no suspension or cancellation of any of
them is threatened, and all such filings, applications and registrations are current. The Corporation is unaware of any facts or circumstances that would give rise to the revocation or material adverse modification of any material permits. 

(e) The Corporation has furnished to the Purchaser or otherwise made available to the Purchaser a copy of the audited consolidated financial
statements of the Corporation for its fiscal years ended December 31, 2009, 2008 and 2007 and the unaudited consolidated financial statements of the Corporation for each interim period subsequent to the end of its most recent fiscal year
through June 30, 2010 (collectively, the “Financial Statements”). The Financial Statements do not contain any untrue statement of material fact or omit to state any material fact required to be stated therein or necessary to make the
statements therein, in light of the circumstances under which they were made, not misleading. 
 (f) Based in part upon the representations
and warranties of the Purchaser contained herein, (i) the Corporation is not required by applicable law or regulation in connection with the offer, sale and delivery of the Purchased Shares to the Purchaser in the manner contemplated by this
Agreement to register the Purchased Shares under the 1933 Act, or any state securities laws and (ii) none of the Corporation, its Subsidiaries nor, to the Corporation’s knowledge, any of its affiliates or any person acting on its behalf
has, directly or indirectly, at any time within the past six months, made any offers or sales of any Corporation security or solicited any offers to buy any security under circumstances that would (A) eliminate the availability of the exemption
from registration under Rule 506 of Regulation D under the 1933 Act in connection with the offer and sale by the Corporation of the Purchased Shares as contemplated hereby or (B) cause the offering of the Purchased Shares pursuant to this
Agreement to be integrated with prior offerings by the Corporation for purposes of any applicable law, regulation or stockholder approval provisions. Neither the Corporation nor any person acting on behalf of the Corporation has offered or sold any
of the Purchased Shares by any form of general solicitation or general advertising. 
 (g) The Corporation and its Subsidiaries
(i) have been duly incorporated or organized and are validly existing in good standing under the laws of their respective jurisdictions of incorporation or organization, (ii) are duly qualified to do business and are in good standing as
foreign corporations or organizations in each jurisdiction in which their respective ownership or lease of property or the conduct of their respective businesses requires such qualification, except where the failure to be so qualified would not
reasonably be expected to result in a Material Adverse Effect. Neither the Corporation nor any Subsidiary is in violation of any of the provisions of its respective certificate or articles of incorporation, bylaws or other organizational or charter
documents. 
 (h) The number of shares and type of all authorized, issued and outstanding capital stock, options, warrants, subordinated
debt instruments, trust preferred securities, hybrid debt or capital instruments, any debt or equity instruments convertible into shares of common 

  
 -8- 

 
stock of the Corporation, and other securities of the Corporation (whether or not presently convertible into or exercisable or exchangeable for shares of capital stock of the Corporation) as of
the date hereof has been set forth on a copy of Schedule 3.1(i) dated the date of this Agreement. All of the outstanding shares of capital stock of the Corporation are duly authorized, validly issued, fully paid and
non-assessable, have been issued in compliance in all material respects with all applicable federal and state securities laws. None of such outstanding shares was issued in violation of any preemptive rights or similar rights to subscribe for or
purchase any capital stock of the Corporation, and no person has any preemptive or similar right to purchase any shares of capital stock of the Corporation. Except as set forth on Schedule 3.1(i), (i) there are no outstanding
options, warrants, scrip, rights to subscribe to, calls or commitments of any character whatsoever relating to, or securities or rights convertible into, or exercisable or exchangeable for, any shares of capital stock of the Corporation, or
contracts, commitments, understandings or arrangements by which the Corporation is or may become bound to issue additional shares of capital stock of the Corporation or options, warrants, scrip, rights to subscribe to, calls or commitments of any
character whatsoever relating to, or securities or rights convertible into, or exercisable or exchangeable for, any shares of capital stock of the Corporation, (ii) there are no outstanding securities or instruments of the Corporation which
contain any redemption or similar provisions, and there are no contracts, commitments, understandings or arrangements by which the Corporation is or may become bound to redeem a security of the Corporation; (iii) there are no securities or
instruments containing anti-dilution or similar provisions that will be triggered by the issuance of the Purchased Shares; (iv) the Corporation does not have any stock appreciation rights or “phantom stock” plans or agreements or any
similar plan or agreement; and (v) neither the Corporation nor either of the Banks has exercised any right to defer payments of interest on any subordinated debt or trust preferred securities. 

(i) The Purchased Shares have been duly authorized and, when issued and delivered by the Corporation against payment therefor in the manner
contemplated by this Agreement, will be validly issued, fully paid and non-assessable, and free and clear of all liens, other than restrictions on transfer provided for in the Transaction Documents or imposed by applicable securities laws, and shall
not be subject to preemptive or similar rights. The Purchased Shares will be issued in compliance with all applicable federal and state securities laws. Neither the Corporation nor any of its Subsidiaries is required to obtain any consent, waiver,
authorization or order of, give any notice to, or make any filing or registration with, any court or other federal, state, local or other governmental authority or other person in connection with the execution, delivery and performance by the
Corporation of the Transaction Documents(including, without limitation, the issuance of the Purchased Shares), other than (i) filings required by applicable state securities laws, (ii) the filing of a Notice of Sale of Securities on Form D
with the SEC under Regulation D of the 1933 Act, and (iii) those that have been made or obtained prior to the date of this Agreement. 

(j) The Corporation has the requisite corporate power and authority to enter into and to consummate the transactions contemplated by each of
the Transaction Documents to which it is a party and otherwise to carry out its obligations hereunder and thereunder, including, without limitation, to issue the Purchased Shares in accordance with the terms hereof. Each of the Transaction Documents
has been duly authorized by all corporate action, executed and delivered by the Corporation and constitutes a valid and legally binding agreement of the 

  
 -9- 

 
Corporation enforceable against the Corporation in accordance with its terms and otherwise to carry out its obligations hereunder and thereunder, including, without limitation, to issue the
Purchased Shares in accordance with the terms hereof, subject to the effects of bankruptcy, insolvency, reorganization, moratorium and other similar laws relating to or affecting creditors’ rights generally, and general equitable principles
(whether considered in a proceeding in equity or at law). Except as disclosed on Schedule 4.1(j), there are no stockholder agreements, voting agreements, or other similar arrangements with respect to the Corporation’s capital
stock to which the Corporation is a party or between or among any of the Corporation’s stockholders. The Corporation understands and agrees that Purchasers will not be executing nor shall they be bound by any agreements described in the
previous sentence or disclosed on Schedule 4.1(j). 
 (k) The execution, delivery and performance by the Corporation of
the Transaction Documents, the issuance and sale of the Purchased Shares in the manner contemplated hereby, and the consummation of the transactions contemplated herein (collectively, the “Transactions”), will not (i) conflict with or
constitute a violation of, or default (with the passage of time or the delivery of notice) under, (A) any bond, debenture, note or other evidence of indebtedness, or any agreement, lease, franchise, license, permit, contract, indenture,
mortgage, deed of trust, loan agreement, joint venture or other agreement or instrument to which the Corporation or any of its Subsidiaries is a party or by which it or any of its Subsidiaries or their property is bound, where such conflict,
violation or default would reasonably be expected to have a Material Adverse Effect, or (B) conflict with, or constitute a default (or an event that with notice or lapse of time or both would result in a default) under, result in the creation
of any lien upon any of the properties or assets of the Corporation or give to others any rights of termination, amendment, acceleration or cancellation (with or without notice, lapse of time or both) of, any material contractor or (C) any law,
administrative regulation, ordinance or judgment, order or decree of any court or governmental agency, arbitration panel or authority binding upon the Corporation or any of its Subsidiaries or any of their property, or (ii) violate any of the
provisions of the Articles, or Bylaws, as amended, of the Corporation or its Subsidiaries; and no consent, approval, authorization or order of, or filing or registration with any such person (including, without limitation, any such court or
governmental agency or body) is required for the consummation of the Transactions by the Corporation, except such as may be required under Regulation D under the 1933 Act or for a Rule 506 “federal covered security” under state securities
laws. 
 (l) The Financial Statements (including the related notes) comply in all material respects with applicable accounting requirements
and present fairly, in all material respects, the balance sheet of the Corporation and its consolidated subsidiaries taken as a whole at the dates and for the periods indicated and the results of operations and cash flows of the Corporation and its
subsidiaries, at the dates and for the periods indicated, and have been prepared in conformity with GAAP applied on a consistent basis throughout the periods involved. Since the Financial Statement Date, the Corporation has not effected any change
in any method of accounting or accounting practice, except for any such change required because of a concurrent change in GAAP, nor has it been advised by its independent registered accounting firm or any Governmental Authority that any such change
in method of accounting or accounting practice is appropriate. Neither the Corporation nor any of its Subsidiaries has any liabilities or obligations of any nature (absolute, accrued, contingent or otherwise) that are not properly reflected or
reserved against in the Financial Statements to the extent required to be so reflected 

  
 -10- 

 
or reserved against in accordance with GAAP, except for (i) liabilities that have arisen since June 30, 2010 in the ordinary course of business, (ii) contractual liabilities under
agreements entered into in the ordinary course of business, and (iii) liabilities that have not had and would not reasonably be expected to have a Material Adverse Effect. 

(m) There is no action, suit or proceeding before or by any court or governmental agency or body or any labor dispute now pending or, to the
knowledge of the Corporation, threatened against the Corporation or any of its Subsidiaries, (i) that adversely affects or challenges the legality, validity or enforceability of any of the Transaction Documents or the Purchased Shares or
(ii) which would reasonably be expected, either individually or in the aggregate, to have a Material Adverse Effect. Neither the Corporation nor any Subsidiary, nor any director or officer thereof, is or has been the subject of any action
involving a claim of violation of or liability under federal or state securities laws or a claim of breach of fiduciary duty. 
 (n) No
temporary restraining order, preliminary or permanent injunction or other order issued by any court of competent jurisdiction or other legal restraint or prohibition preventing the consummation of the Transactions is in effect or, to the knowledge
of the Corporation, threatened. 
 (o) No material labor dispute exists or, is imminent with respect to any of the employees of the
Corporation which would have or reasonably be expected to have a Material Adverse Effect. Neither the Corporation nor any Subsidiary has engaged in conduct that it knows to be a violation of any applicable law or contractual obligation relating to
the recruitment, hiring, extension of offers of employment, retention or solicitation of any current employee of the Corporation or any Subsidiary where such violation would reasonably be expected to have a Material Adverse Effect. To the knowledge
of the Corporation, no executive officer is, or is expected to be, in violation of any material term of any employment contract, confidentiality, disclosure or proprietary information agreement or non-competition agreement, or any other contract or
agreement or any restrictive covenant, and to the knowledge of the Corporation, the continued employment of each such executive officer does not subject the Corporation or any of its Subsidiaries to any material liability with respect to any of the
foregoing matters. The Corporation is in compliance with all U.S. federal, state, local and foreign laws and regulations relating to employment and employment practices, terms and conditions of employment and wages and hours, except where the
failure to be in compliance would not have or reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. 

(p) No broker’s, finder’s, investment banker’s, financial advisory or similar fee or commission has been paid or will be
payable by the Corporation with respect to, or for any services rendered to the Corporation ancillary to, the offer, issue and sale of the Purchased Shares contemplated by this Agreement. The Corporation shall indemnify, pay, and hold each Purchaser
harmless against, any liability, loss or expense (including, without limitation, attorneys’ fees and out-of-pocket expenses) arising in connection with any such right, interest or claim. 

(q) The Corporation does not own or control, directly or indirectly, any Subsidiary other than the Banks and any other companies and entities
referred to in Section 4.1(b). 

  
 -11- 

 
The Corporation does not engage, directly or indirectly or through any other entity or through any partnership, joint venture or the like, in any business or activity other than investing its
assets and owning or controlling the Banks and any Subsidiaries. The Corporation does not own any shares of stock or any other equity or debt securities of any corporation or other entity or have any equity interest in any firm, partnership, limited
liability company, joint venture, association or other entity except as set forth in the Financial Statements. 
 (r) Except for such
agreements that have expired or terminated in accordance with their terms prior to the date hereof, each material agreement to which the Corporation and its Subsidiaries is a party, is in full force and effect and is binding on the Corporation
and/or its Subsidiaries, as applicable, and, to the knowledge of the Corporation, is binding upon such other parties, in each case in accordance with its terms, and neither the Corporation, any of its Subsidiaries nor, to the knowledge of the
Corporation, any other party thereto, is in breach of or default under any such agreement, which breach or default would reasonably be expected to have a Material Adverse Effect. Neither the Corporation, nor any of its Subsidiaries, has received any
written notice regarding the termination of any such agreements. The Corporation has made available to Purchaser true, correct and complete copies of all such agreements to which the Corporation or any of its Subsidiaries is a party or subject. 

(s) Each of the Corporation and its Subsidiaries has (i) filed on a timely basis all federal, state, local and foreign income and
franchise tax returns required to be filed by it through the date hereof or had properly requested extension thereof, except where such failure to timely file would not reasonably be expected to have a Material Adverse Effect and (ii) paid all
taxes, assessments, fines, interest or penalties that have become due and payable except as any are being contested in good faith and for which a reserve in accordance with GAAP have been recorded. Each of the Corporation and its Subsidiaries has
made reasonable charges, accruals and reserves in the applicable Financial Statements in respect of all federal, state, local and foreign income and franchise taxes for all periods as to which the tax liability of the Corporation and its
Subsidiaries has not been finally determined. No tax deficiency has been asserted against the Corporation or any of its Subsidiaries and to the knowledge of the Corporation, there is no tax deficiency which might be asserted or threatened against it
or any of its Subsidiaries. There are no tax liens on any assets of the Corporation or its Subsidiaries. All withholding taxes have been paid and properly remitted by the Corporation and its Subsidiaries. The Corporation and its Subsidiaries have
not engaged or participated in any reportable transactions. The Corporation has been a C corporation for U.S. federal income tax purposes since its formation. The net operating losses (if any) of the Company or any of its Subsidiaries are not
currently subject to a IRC 382 limitation and will not be subject to a IRC 382 limitation after the Transaction. 
 (t) The Corporation and
its Subsidiaries are in compliance in all material respects with all applicable laws, rules, regulations, orders, decrees and judgments applicable to it, including, without limitation, all applicable local, state and federal environmental laws and
the applicable federal and state banking laws, rules and regulations except where such non-compliance would not be reasonably expected to have a Material Adverse Effect (the “Applicable Laws”).
Neither the Corporation nor any of its Subsidiaries (i) is in default under or in violation of (and no event has occurred that has not been waived that, with notice or lapse of time or both, would result in a default by the Corporation or any
of its Subsidiaries under), nor has the Corporation or any of its Subsidiaries received written notice of a claim that it is in 

  
 -12- 

 
default under or that it is in violation of, any material contract (whether or not such default or violation has been waived) or (ii) is in violation of any order of which the Corporation
has been made aware in writing of any court, arbitrator or governmental body having jurisdiction over the Corporation or its properties or assets. Neither the Corporation nor any of its Subsidiaries is in violation of or has received any notice of
purported or actual non-compliance with Applicable Laws (except to the extent it would not individually or in the aggregate reasonably be expected to have a Material Adverse Effect). Neither the Corporation nor any of its Subsidiaries has received
any communication from any Governmental Authority (i) threatening to revoke any permit, license, franchise, certificate of authority or other governmental authorization, or (ii) threatening or contemplating revocation or limitation of, or
which would have the effect of revoking or limiting, FDIC deposit insurance. 
 (u) The operations of the Corporation and its Subsidiaries
are and have been conducted, in all material respects, in compliance with applicable financial recordkeeping and reporting requirements of the Currency and Foreign Transactions Reporting Act of 1970, as amended, the money laundering statutes of all
applicable jurisdictions, the rules and regulations thereunder and any related or similar rules, regulations or guidelines, issued, administered or enforced by any governmental agency (collectively, the “Money Laundering Laws”) and no
action, suit or proceeding by or before any court or governmental agency, authority or body or any arbitrator involving the Corporation or any of its Subsidiaries with respect to the Money Laundering Laws is pending or, to the knowledge of the
Corporation, threatened. 
 (v) Neither the Corporation nor any of its Subsidiaries nor, to the knowledge of the Corporation, any director,
officer, agent, employee or affiliate of the Corporation or any of its Subsidiaries, is currently subject to any U.S. sanctions administered by the Department of Foreign Assets Control of the U.S. Treasury Department (“OFAC”); and the
Corporation will not knowingly directly or indirectly use the proceeds of the sale of the Purchased Shares, or lend, contribute or otherwise make available such proceeds to any Subsidiary, joint venture partner or other person or entity, towards any
sales or operations in Cuba, Iran, Syria, Sudan, Myanmar or any other country sanctioned by OFAC or for the purpose of financing the activities of any person currently subject to any U.S. sanctions administered by OFAC. 

(w) Except as disclosed in the Financial Statements, each of the Corporation and its Subsidiaries owns or leases all such properties as are
necessary to its operations as now conducted. 
 (x) Each of the Corporation and its Subsidiaries maintains insurance (issued by insurers
of recognized financial responsibility) of the types, against such losses and in the amounts, with such insurers and subject to deductibles and exclusions as the Corporation reasonably believes are customary in the Corporation’s and its
Subsidiaries’ industry and otherwise prudent, including, without limitation, insurance covering all real and personal property owned or leased by the Corporation and its Subsidiaries against theft, damage, destruction, acts of vandalism and all
other risks customarily insured against by similarly situated companies, all of which insurance is in full force and effect. Neither the Corporation nor any of its Subsidiaries has received any notice of cancellation of any such insurance, nor, will
it or any Subsidiary be unable to renew their respective existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business at a cost that would not have a
Material Adverse Effect. 

  
 -13- 

 (y) The Corporation is not and, after giving effect to the offering and sale of the Purchased
Shares as contemplated in this Agreement will not be, an “investment company” as defined in the Investment Company Act of 1940, as amended. 

(z) The Corporation is duly registered as a bank holding company under the BHC Act, as amended. Each of the Banks is a commercial bank duly
organized, validly existing and in good standing with its primary regulator. Each of the Banks has at least a “satisfactory” rating under the U.S. Community Reinvestment Act. Each of the Banks is a member in good standing of the Federal
Home Loan Bank of Kansas City. The deposit accounts of the Banks are insured up to applicable limits by the FDIC, and all premiums and assessments required to be paid in connection therewith have been paid when due. As of the date of this Agreement,
each of the Banks meets or exceeds the standards necessary to be considered “well capitalized” under the FDIC’s regulatory framework for prompt corrective action. 

(aa) Except as set forth on Schedule 4.1(aa): 

(1) Neither the Corporation nor any Subsidiary is subject to any cease- and-desist,
memorandum of understanding or other similar order or enforcement action (including any order to pay civil money penalties) issued by, or is a party to any written agreement, consent agreement or memorandum of understanding with, or is a party to
any commitment letter or similar undertaking to, or is subject to any capital directive by, or has adopted any board resolutions at the request of, any governmental entity that currently restricts in any material respect the conduct of its
operations or business or that in any material manner relates to its capital adequacy, maintenance of specific capital levels, its liquidity and funding policies and practices, its ability to pay dividends, its credit, risk management or compliance
policies, its internal controls, its management or its operations or business (each item in this sentence, a “Regulatory Agreement”), nor has the Corporation or any Subsidiary been advised by any governmental entity that it is considering
issuing, initiating, ordering, or requesting any such Regulatory Agreement. 
 (2) The Corporation has no knowledge of any
facts and circumstances, and has no reason to believe that any facts or circumstances exist, that would cause any of its Subsidiary banking institutions: (i) to be deemed not to be in satisfactory compliance with the Community Reinvestment Act
and the regulations promulgated thereunder or to be assigned a CRA rating by federal or state banking regulators of lower than “satisfactory”; (ii) to be deemed to be operating in violation, in any material respect, of the Bank
Secrecy Act, the Patriot Act, any order issued with respect to anti-money laundering by the U.S. Department of the Treasury’s Office of Foreign Assets Control, or any other anti-money laundering statute, rule or regulation; or (iii) to be
deemed not to be in satisfactory compliance, in any material respect, with all applicable privacy of customer information requirements contained in any federal and state privacy laws and regulations as well as the provisions of all information
security programs adopted by the Subsidiaries. 
 (3) Except as would not reasonably be expected to have, individually or in
the aggregate, a Material Adverse Effect, each of the Corporation and each Subsidiary has properly administered all accounts for which it acts as a fiduciary, including accounts for which it serves as a trustee, agent, custodian, personal
representative, guardian, conservator or investment advisor, in accordance with the terms of the governing documents, applicable federal and state law and regulation and common law. None of the Corporation, any Subsidiary or any director, officer or
employee of the Corporation or any Subsidiary has committed any breach of trust or fiduciary duty with respect to any such fiduciary account that would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect and,
except as would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect, the accountings for each such fiduciary account are true and correct and accurately reflect the assets of such fiduciary account. 

  
 -14- 

 (bb) The Corporation is not, and has never been, an issuer identified in Rule 144(i)(l) under
the 1933 Act. 
 (cc) Except for normal periodic examinations conducted since December 31, 2006 by a federal or state bank regulatory
authority having jurisdiction over the Corporation or any of its Subsidiaries (a “Bank Regulator”), no Bank Regulator has initiated any proceeding or, to the knowledge of the Corporation, investigation into the business or operations of
the Corporation or any of its Subsidiaries. The Corporation and its Subsidiaries have addressed in all material respects any matters requiring Board attention set forth in writing by any Bank Regulator with respect to any such normal periodic
examination and addressing such matters has not and is reasonably expected to not result in a Material Adverse Effect. 
 (dd) As of the
Closing Date, taking into account the net proceeds of the capital raise contemplated as part of this Transaction, the Corporation and Bank each will have leverage, Tier 1 risk-based and total risk-based capital ratios that are at least 100 basis
points in excess of the minimum regulatory requirements, in the case of the Corporation, and for “well-capitalized” status under Federal prompt corrective action regulations, in the case of the Banks. 

(ee) As of the date hereof and as of Closing Date, the Corporation’s management has concluded that the loan loss reserves of the Banks
are adequate and has not been advised by the Corporation’s independent or internal auditors of any preliminary or final disagreement with management’s conclusions. 

(ff) The issuance of the Purchased Shares to the Purchaser as contemplated by this Agreement together with the consummation of the remainder
of the Offering will not trigger any rights under any “change of control” provision in any of the employee benefit plans, retirement plans or other agreements to which the Corporation or any of its Subsidiaries is a party, including
without limitation any employment, “change in control,” severance or other compensatory agreements or arrangements (all of the foregoing are referred to as “Employee Arrangements”), which results in payments to the counterparty
or the acceleration of vesting of benefits. In the event that the issuance of the Purchased Shares to the Purchaser as contemplated by this Agreement would otherwise trigger any such rights, the Corporation will obtain waivers from the parties to
the Employee Arrangements waiving, as applicable, (i) the right to receive any such payments resulting from the occurrence of such triggering event or (ii) the acceleration of vesting of such benefits. 

  
 -15- 

 (gg) The Corporation maintains internal control over financial reporting to provide reasonable
assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with GAAP and includes policies and procedures that (A) pertain to the maintenance of records that in
reasonable detail accurately and fairly reflect the transactions and dispositions of the assets of the Corporation, (B) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in
accordance with GAAP, and that receipts and expenditures of the Corporation are being made only in accordance with authorizations of management and directors of the Corporation, and (C) provide reasonable assurance regarding prevention or
timely detection of unauthorized acquisition, use or disposition of the Corporation’s assets that could have a material effect on its financial statements. The Corporation has disclosed, based on its most recent evaluation prior to the date
hereof, to the Corporation’s outside auditors and the audit committee of the Board of Directors (x) any significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting that are
reasonably expected to adversely affect the Corporation’s ability to record, process, summarize and report financial information and (y) any fraud, whether or not material, that involves management or other employees who have a significant
role in the Corporation’s internal controls over financial reporting. 
 (hh) Except as expressly set forth or reflected in the
Financial Statements, since the Financial Statement Date, (A) neither the Corporation nor any Subsidiary nor, to the knowledge of the Corporation, any director or officer of the Corporation or any Subsidiary, has received or otherwise had or
obtained knowledge of any material complaint, allegation, assertion or claim, whether written or oral, regarding the accounting or auditing practices, procedures, methodologies or methods of the Corporation or a subsidiary of the Corporation or
their respective internal accounting controls, including any material complaint, allegation, assertion or claim that the Corporation or any Subsidiary has engaged in questionable accounting or auditing practices. The records, systems, controls, data
and information of the Corporation and the Subsidiaries are recorded, stored, maintained and operated under means (including any electronic, mechanical or photographic process, whether computerized or not) that are under the exclusive ownership and
direct control of the Corporation or the Subsidiaries or their accountants (including all means of access thereto and therefrom), except for any non-exclusive ownership and non-direct control that would not, individually or in the aggregate,
reasonably be expected to adversely affect in any material respect the system of internal accounting controls described above in this subsection. 

(ii) Except as expressly set forth or reflected in the Financial Statements, since the Financial Statement Date, the Corporation and each of
the Subsidiaries have conducted their respective businesses in all material respects in the ordinary course, consistent with prior practice. 

(jj) The Board of Directors has taken all other necessary action to ensure that any “moratorium,” “control share,”
“fair price,” “takeover” or “interested stockholder” law does not and will not apply to this Agreement or to any of the Transactions contemplated hereby. 

  
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 (kk) The Corporation has not, and to the Corporation’s knowledge no one acting on its
behalf has, (i) taken, directly or indirectly, any action designed to cause or to result in the stabilization or manipulation of the price of any security of the Corporation to facilitate the sale or resale of any of the Purchased Shares,
(ii) sold, bid for, purchased, or paid any compensation for soliciting purchases of, any of the securities of the Corporation or (iii) paid or agreed to pay to any person any compensation for soliciting another to purchase any other
securities of the Corporation. 
 (ll) The Corporation is not registered pursuant to the Securities and Exchange Act of 1934 (the
“1934 Act”) and the offering and sale of the Class A Common Stock and Class B Common Stock in the Offering and pursuant to this Agreement has not been registered pursuant to the 1933 Act. 

(mm) Neither the Class A Common Stock nor the Class B Common Stock is listed or quoted on any trading market. 

(nn) The Corporation and its Subsidiaries have good and marketable title to all real property and tangible personal property owned by them
which is material to the business of the Corporation and its Subsidiaries, taken as a whole, in each case free and clear of all liens except such as do not materially affect the value of such property or do not interfere with the use made and
proposed to be made of such property by the Corporation and any of its Subsidiaries. Any real property and facilities held under lease by the Corporation and any of its Subsidiaries are held by them under valid, subsisting and enforceable leases
with such exceptions as are not material and do not interfere with the use made and proposed to be made of such property and buildings by the Corporation and its Subsidiaries. 

(oo) [Intentionally omitted.] 

(pp) Except as has not had and would not reasonably be expected to have a Material Adverse Effect: 

(1) The Corporation and each of its Subsidiaries has complied with, and all documentation in connection with the origination,
processing, underwriting and credit approval of any mortgage loan originated, purchased or serviced by the Corporation or any of its Subsidiaries satisfied, (A) all applicable federal, state and local laws, rules and regulations with respect to
the origination, insuring, purchase, sale, pooling, servicing, subservicing, or filing of claims in connection with mortgage loans, including all laws relating to real estate settlement procedures, consumer credit protection, truth in lending laws,
usury limitations, fair housing, transfers of servicing, collection practices, equal credit opportunity and adjustable rate mortgages, (B) the responsibilities and obligations relating to mortgage loans set forth in any agreement between the
Corporation or any of its Subsidiaries and any Agency, Loan Investor or Insurer, (C) the applicable rules, regulations, guidelines, handbooks and other requirements of any Agency, Loan Investor or Insurer and (D) the terms and provisions
of any mortgage or other collateral documents and other loan documents with respect to each mortgage loan; and 
 (2) No
Agency, Loan Investor or Insurer has (A) claimed in writing that the Corporation or any of its Subsidiaries has violated or has not complied with the applicable underwriting standards with respect to mortgage loans sold by the Corporation or
any of its Subsidiaries to a Loan Investor or Agency, or with respect to any sale of mortgage servicing rights to a Loan Investor, (B) imposed in writing restrictions on the activities (including commitment authority) of the Corporation or any
of its Subsidiaries or (C) indicated in writing to the Corporation or any of its Subsidiaries that it has terminated or intends to terminate its relationship with the Corporation or any of its Subsidiaries for poor performance, poor loan
quality or concern with respect to the Corporation’s or any of its Subsidiaries’ compliance with laws, 

  
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 For purposes of this subsection: (A) “Agency” means the Federal Housing Administration, the
Federal Home Loan Mortgage Corporation, the Farmers Home Administration (now known as Rural Housing and Community Development Services), the Federal National Mortgage Association, the United States Department of Veterans’ Affairs, the Rural
Housing Service of the U.S. Department of Agriculture or any other federal or state agency with authority to (i) determine any investment, origination, lending or servicing requirements with regard to mortgage loans originated, purchased or
serviced by the Corporation or any of its Subsidiaries or (ii) originate, purchase, or service mortgage loans, or otherwise promote mortgage lending, including state and local housing finance authorities; (B) “Loan Investor”
means any person (including an Agency) having a beneficial interest in any mortgage loan originated, purchased or serviced by the Corporation or any of its Subsidiaries or a security backed by or representing an interest in any such mortgage loan;
and (C) “Insurer” means a person who insures or guarantees for the benefit of the mortgagee all or any portion of the risk of loss upon borrower default on any of the mortgage loans originated, purchased or serviced by the Corporation
or any of its Subsidiaries, including the Federal Housing Administration, the United States Department of Veterans’ Affairs, the Rural Housing Service of the U.S. Department of Agriculture and any private mortgage insurer, and providers of
hazard, title or other insurance with respect to such mortgage loans or the related collateral. 
 (qq) Since the date of the Financial
Statements, (i) there have been no events, occurrences or developments that have had or would reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect, (ii) the Corporation has not incurred any
material liabilities (contingent or otherwise) other than (A) trade payables, accrued expenses and other liabilities incurred in the ordinary course of business consistent with past practice and (B) liabilities not required to be reflected
in the Corporation’s financial statements pursuant to GAAP, (iii) the Corporation has not altered materially its method of accounting or the manner in which it keeps its accounting books and records, (iv) the Corporation has not
declared or made any dividend or distribution of cash or other property to its stockholders or purchased, redeemed or made any agreements to purchase or redeem any shares of its capital stock (other than in connection with repurchases of unvested
stock issued to employees of the Corporation), (v) the Corporation has not issued any equity securities to any officer, director or affiliate, except Class A Common Stock issued pursuant to existing Corporation stock option or stock
purchase plans or executive and director arrangements and (vi) there has not been any material change or amendment to, or any waiver of any material right by the Corporation under, any material contract under which the Corporation or any of its
Subsidiaries is bound or subject. Except for the transactions contemplated by this Agreement, no event, liability or development has occurred 

  
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or exists with respect to the Corporation or its Subsidiaries or their respective business, properties, operations or financial condition that would be required to be disclosed by the Corporation
under applicable securities laws at the time this representation is made that has not been publicly disclosed at least one Business Day prior to the date that this representation is made. 

(rr) The Corporation and its Subsidiaries own, possess, license or have other rights to use all foreign and domestic patents, patent
applications, trade and service marks, trade and service mark registrations, trade names, copyrights, inventions, trade secrets, technology, Internet domain names, know-how and other intellectual property (collectively, the “Intellectual
Property”) necessary for the conduct of their respective businesses as now conducted or as proposed to be conducted except where the failure to own, possess, license or have such rights would not have or reasonably be expected to have a
Material Adverse Effect. Except where such violations or infringements would not have or reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect, (a) there are no rights of third parties to any such
Intellectual Property; (b) there is no infringement by third parties of any such Intellectual Property; (c) there is no pending or threatened action, suit, proceeding or claim by others challenging the Corporation’s and its
Subsidiaries’ rights in or to any such Intellectual Property; (d) there is no pending or threatened action, suit, proceeding or claim by others challenging the validity or scope of any such Intellectual Property; and (e) there is no
pending or threatened action, suit, proceeding or claim by others that the Corporation and/or any Subsidiary infringes or otherwise violates any patent, trademark, copyright, trade secret or other proprietary rights of others. 

(ss) Other than the Purchaser or any other investors in the Offering, no person has any right to cause the Corporation to effect the
registration under the 1933 Act of any securities of the Corporation with the SEC. 
 (tt) [Intentionally omitted.] 

(uu) Neither the Corporation nor any of its Subsidiaries, nor any directors, officers, nor to the Corporation’s knowledge, employees,
agents or other persons acting at the direction of or on behalf of the Corporation or any of its Subsidiaries has, in the course of its actions for, or on behalf of, the Corporation: (a) directly or indirectly, used any corporate funds for
unlawful contributions, gifts, entertainment or other unlawful expenses relating to foreign or domestic political activity; (b) made any direct or indirect unlawful payments to any foreign or domestic governmental officials or employees or to
any foreign or domestic political parties or campaigns from corporate funds; (c) violated any provision of the Foreign Corrupt Practices Act of 1977, as amended, or (d) made any other unlawful bribe, rebate, payoff, influence payment,
kickback or other material unlawful payment to any foreign or domestic government official or employee. 
 (vv) The Corporation has not
adopted any stockholder rights plan or similar arrangement relating to accumulations of beneficial ownership of Class A Common Stock or Class B Common Stock or a change in control of the Corporation. The Corporation and its board of directors
have taken all necessary action, if any, in order to render inapplicable any control share acquisition, business combination, poison pill (including any distribution under a rights 

  
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agreement) or other similar anti-takeover provision under the Corporation’s articles of incorporation or other organizational documents or the laws of the jurisdiction of its incorporation
or otherwise which is or could become applicable to any Purchaser solely as a result of the transactions contemplated by this Agreement, including, without limitation, the Corporation’s issuance of the Purchased Shares and any Purchaser’s
ownership of the Purchased Shares. 
 (ww) The Corporation acknowledges and agrees that the Purchaser is acting solely in the capacity of
an arm’s length purchaser with respect to the Transaction Documents and the transactions contemplated hereby and thereby. The Corporation further acknowledges that the Purchaser is not acting as a financial advisor or fiduciary of the
Corporation (or in any similar capacity) with respect to the Transaction Documents and the transactions contemplated thereby and any advice given by any Purchaser or any of their respective representatives or agents in connection with the
Transaction Documents and the transactions contemplated thereby is merely incidental to the Purchaser’s purchase of the Purchased Shares. 

(xx) Since December 31, 2009, the Corporation and each Subsidiary have filed all material reports, registrations and statements,
together with any required amendments thereto, that it was required to file with the Federal Reserve, the OCC, and any other applicable federal or state securities or banking authorities, except where the failure to file any such report,
registration or statement would not have or reasonably be expected to have a Material Adverse Effect. All such reports and statements filed with any such regulatory body or authority are collectively referred to herein as the “Corporation
Reports.” As of their respective dates, the Corporation Reports complied as to form in all material respects with all the rules and regulations promulgated by the Federal Reserve, the OCC and any other applicable foreign, federal or state
securities or banking authorities, as the case may be. 
 4.2 Representations and Warranties and Agreements of the Purchaser. The
Purchaser represents and warrants to, and agrees with, the Corporation that, as of the date hereof and immediately prior to the Closing: 

(a) The Purchaser has full power and authority to enter into this Agreement and this Agreement constitutes a valid and legally binding
obligation of the Purchaser, enforceable against the Purchaser in accordance with its terms, subject to the effects of bankruptcy, insolvency, reorganization, moratorium and other similar laws relating to or affecting creditor’s rights
generally, and general equitable principles (whether considered in a proceeding in equity or at law). 
 (b) The Purchaser represents that:
(i) it is duly organized, validly existing and in good standing in its jurisdiction of incorporation or organization and has all the requisite power and authority to purchase the Purchased Shares, as provided herein, and (ii) its purchase
of the Purchased Shares has been duly authorized by all necessary action on behalf of the Purchaser. 
 (c) The Purchaser is purchasing the
Purchased Shares for Purchaser’s own account and not with a view to or for sale in connection with any distribution thereof in a transaction that would violate or cause a violation of the 1933 Act or the securities laws of any state or any
other applicable jurisdiction. 

  
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 (d) The Purchaser is an “accredited investor” as defined in Rule 501(a) promulgated
under the 1933 Act and understands and acknowledges that the offer and sale of the Purchased Shares to the Purchaser hereunder have not been registered under the 1933 Act or any state securities law in reliance on the availability of an exemption
from such registration requirements of the 1933 Act based in part on the accuracy of the Purchaser’s representations in this Section. 

(e) In the normal course of the Purchaser’s business or affairs, Purchaser invests in or purchases securities similar to the Purchased
Shares and has such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of purchasing the Purchased Shares. Purchaser has received and has carefully reviewed the Financial Statements.
Purchaser has had access to such financial and other information concerning the Corporation and its Subsidiaries as Purchaser deemed necessary or desirable in making a decision to purchase the Purchased Shares, and an opportunity to ask questions
and receive answers from officers of the Corporation and to obtain additional information (to the extent the Corporation possessed such information or could acquire it without unreasonable effort or expense) necessary to verify the accuracy of any
information furnished to Purchaser or to which Purchaser had access. Purchaser acknowledges that the Corporation is a bank holding company. Purchaser is familiar with the laws and regulations affecting bank holding companies and investors of bank
holding companies, such as the Purchaser. 
 (f) The Purchaser is not relying on the Corporation or any of its affiliates with respect to
an analysis or consideration of the terms of or economic considerations relating to an investment in the Purchased Shares. In regard to such considerations and analysis, the Purchaser has relied on the advice of, or has consulted with, its own
advisors. 
 (g) The Purchaser acknowledges and is aware that there are substantial restrictions on the transferability of the Purchased
Shares. Purchaser understands that the Purchased Shares have not been registered under the 1933 Act and are “restricted securities” within the meaning of Rule 144 of the 1933 Act, and may not be sold, transferred, or otherwise disposed of
without registration under the 1933 Act or an exemption therefrom. Furthermore, Purchaser acknowledges that the Purchased Shares purchased hereunder will bear a legend to the effect set forth below, and the Purchaser covenants that, except to the
extent such restrictions are waived by the Corporation, the Purchaser shall not transfer the Purchased Shares without complying with the restrictions on transfer described in the legend endorsed on such certificate: 

THE SHARES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE SOLD, OFFERED
FOR SALE, TRANSFERRED, ASSIGNED, PLEDGED, OR HYPOTHECATED ABSENT AN EFFECTIVE REGISTRATION THEREOF UNDER SUCH ACT AND ANY APPLICABLE STATE SECURITIES LAW OR COMPLIANCE WITH RULE 144 PROMULGATED UNDER SUCH ACT, OR UNLESS THE CORPORATION HAS RECEIVED
AN OPINION OF COUNSEL, REASONABLY SATISFACTORY TO THE CORPORATION AND ITS COUNSEL, THAT SUCH REGISTRATION IS NOT REQUIRED. 

  
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 Purchaser may transfer the Purchased Shares to any affiliate or affiliates of Purchaser provided such transfer is
not prohibited by any federal or state securities laws. 
 (h) The execution, delivery and performance by the Purchaser of this Agreement,
purchase of the Purchased Shares in the manner contemplated hereby, and the consummation of the transactions contemplated herein (collectively, the “Transactions”), will not (i) conflict with or constitute a material violation of, or
material default (with the passage of time or the delivery of notice) under any law, administrative regulation, ordinance or judgment, order or decree of any court or governmental agency, arbitration panel or authority binding upon the Purchaser or
any of its property, or (ii) violate any of the provisions of the charter documents of the Purchaser; and no material consent, approval, authorization or order of, or filing or registration with any such person (including, without limitation,
any such court or governmental agency or body) is required for the consummation of the Transactions by the Purchaser, except such as may be required under Regulation D under the 1933 Act or for a Rule 506 “federal covered security” under
state securities laws. 
 (i) The Purchaser represents and warrants that it is not required to obtain, prepare or file any authorization,
approval, consent, filing or registration with any Governmental Authority in order to consummate the Transactions at the Closing Date except that in the event that the Purchaser determines, in its sole discretion, to purchase shares equal to or in
excess of 10% of the outstanding voting Class A Common Stock following consummation of the Transactions, the Purchaser will require the approval or the non-objection of the Federal Reserve and the Department to acquire the shares. Except as
expressly set forth in this Agreement, the Purchaser is not “acting in concert” (as that term is defined in 12 C.F.R. § 225.41) with any other persons to acquire any of the Corporation’s capital stock. 

(j) Other than the Transactions contemplated hereunder, the Purchaser has not directly or indirectly, nor has any person acting on behalf of
or pursuant to any understanding with the Purchaser, executed any disposition, including short sales, in the securities of the Corporation during the period commencing from the time that the Purchaser first entered into a term sheet with the
Corporation until the date that the Transactions are first publicly announced. 
 (k) The offer to purchase the Purchased Shares was
directly communicated to the Purchaser by the Corporation. At no time was the Purchaser presented with or solicited by any leaflet, newspaper or magazine article, radio, television, internet or email advertisement, or any other form of general
advertising or solicited or invited to attend a promotional meeting otherwise than in connection and concurrently with such communicated offer. 

(l) The Purchaser neither is nor will be obligated for any finder’s or broker’s fee or commission in connection with Transactions.

 (m) The Purchaser has valid commitments and arrangements so that by Closing it will have sufficient funds to enable the Purchaser to pay
the sums required to be paid by it to the Corporation pursuant to this Agreement, and otherwise to perform its obligations under this Agreement. 

  
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	 	5.	ADDITIONAL AGREEMENTS 

 5.1 Form D, Blue Sky and Certificates. 

(a) The Corporation agrees to timely file a Form D with respect to the Purchased Shares as required under Regulation D and to provide a copy
thereof to the Purchaser promptly after such filing. The Corporation, on or before the Closing Date, shall take such action as is necessary in order to obtain and maintain an exemption for or to qualify the Purchased Shares for sale to the Purchaser
at the Closing pursuant to this Agreement under applicable securities or “Blue Sky” laws of the states of the United States (or to obtain an exemption from such qualification), and shall provide evidence of any such action so taken to the
Purchaser on or prior to the Closing Date. The Corporation shall make all filings and reports relating to the offer and sale of the Securities required under applicable securities or “Blue Sky” laws of the states of the United States
following the Closing Date. 
 (b) The restrictive legend set forth in Section 4.2(g) shall be removed and the Corporation shall issue
a certificate without such restrictive legend or any other restrictive legend to the holder of the applicable Purchased Shares upon which it is stamped or issue to such holder by electronic delivery at the applicable balance account at the
Depository Trust Company (“DTC”), if (i) such Purchased Shares are registered for resale under the 1933 Act, or (ii) such Purchased Shares are eligible for sale under Rule 144, without the requirement for the Corporation to be in
compliance with the current public information required under Rule 144 as to such securities and without volume or manner-of-sale restrictions. Following the earlier of (i) the effective date of the first Registration Statement covering the
resale of some or all of the Purchased Shares (the “Effective Date”) or (ii) Rule 144 becoming available for the resale of Purchased Shares, without the requirement for the Corporation to be in compliance with the current public
information required under Rule 144 as to the Purchased Shares and without volume or manner-of-sale restrictions, the Corporation shall cause counsel to the Corporation to issue to the Corporation’s transfer agent a legal opinion to the effect
that no subsequent transfer of such Shares shall require registration under the ·1933 Act. Any fees (with respect to said transfer agent, counsel or otherwise) associated with the issuance of such opinion or the removal of such legend shall
be borne by the Corporation. Following such time as a restrictive legend is no longer required for any Shares, no later than three trading days following the delivery by the Purchaser to the Corporation or said transfer agent (with notice to the
Corporation) of a legended certificate representing such Shares and an opinion of counsel to the extent required by this Section, the Corporation will and will cause the transfer agent to, deliver or cause to be delivered to the Purchaser a
certificate or confirmation representing such Shares that is free from all restrictive legends. Unless otherwise required by applicable law, the Corporation may not make any notation on its records or give instructions to the transfer agent that
enlarge the restrictions on transfer set forth in this Section. Certificates for Shares free from all restrictive legends may be transmitted by the said transfer agent to a Purchaser by crediting the account of the Purchaser’s custodian or
prime broker with DTC as directed by the Purchaser. 

  
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 5.2 Regulatory Matters. 

(a) Each of the Corporation and the Purchaser agrees to use (and Corporation agrees to cause each of the Banks to use) diligent efforts in
good faith, at its own expense, to obtain any Required Approvals necessary for the Closing, prior to the final date required under this Agreement for such Closing, on terms consistent with the terms set forth in this Agreement. Without limiting the
foregoing, each party will (and Corporation will cause each of the Banks to) (i) promptly submit, to each applicable Governmental Authority, completed notices, requests and applications required from such party, as applicable, for each Required
Approval, and (ii) promptly provide to the other party copies of the public portions of all such notices, requests and applications as they are filed with each Governmental Authority. Each party agrees to use (and Corporation agrees to cause
each of the Banks to use) diligent efforts in good faith, at its own expense, to assist and support the other party’s efforts to obtain each Required Approval. 

(b) In the event that the Purchaser in its sole discretion determines after Closing to acquire or to establish its authority to acquire,
additional shares of any class of securities whose acquisition is or may be subject to one or more regulatory approvals (including without limitation non-objections), Purchaser may, but is not obligated, to seek any such approvals, in which event
Corporation agrees that it will (and will cause the Banks to) use diligent efforts in good faith, at its own expense, to assist and support Purchaser’s efforts to obtain, and neither Corporation nor the Banks shall oppose, any such approvals.

 5.3 Confidentiality. 

(a) For so long as the Purchaser owns any Shares the Purchaser agrees and agrees to cause its Representatives (as defined in subsection
(c) below) (to the extent such Representatives are provided any such Confidential Information (as defined in subsection (b) below) by the Corporation or Purchaser), to keep confidential any Confidential Information. In the event the
Purchaser pursuant to this Agreement or anyone to whom any of them transmit Confidential Information is requested or required by oral questions, interrogatories, requests for information or documents, subpoenas, civil investigative demand or similar
process to disclose any such information, the Purchaser shall (i) provide the Corporation with prompt notice so that the Corporation may seek a protective order or other appropriate remedy and/or waive the Purchaser’s compliance with the
provisions of this Section, (ii) furnish only that portion of such information that the Purchaser is advised by counsel is legally required and (iii) at the Corporation’s expense and direction, exercise its reasonable efforts to
obtain reliable assurance that confidential treatment will be accorded such information. Notwithstanding the foregoing, (i) the Purchaser may disclose any such information if required by judicial or administrative process or by other
requirements of law, national stock exchange or self-regulatory organization and (ii) the Purchaser may disclose such information pertaining to the Corporation and the Banks to investors in the Purchaser (and their representatives) in the
Purchaser’s periodic reports to such investors to the extent typically provided by the Purchaser in such reports. 
 (b) For the
purpose of this Agreement, “Confidential Information” means information obtained from the Corporation, except to the extent that such information can be shown to have been (i) previously known on a non-confidential basis by the
Purchaser or its Representatives, (ii) in the public domain other than by breach of this Agreement by the 

  
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Purchaser or its Representatives, (iii) later acquired by such Purchaser from sources other than the Corporation or its Subsidiaries not bound by any confidentiality obligation to the
Corporation or its Subsidiaries with respect to such information, or (iv) is independently discovered, developed by or arrived at by the Purchaser without reference to the originating party’s Confidential Information by the Purchaser or
its Representatives who had no access to the Confidential Information. 
 (c) For purposes of this Agreement, “Representative”
shall mean, with respect to any person, any of such person’s officers, directors, employees, agents, attorneys, accountants, consultants, equity financing partners, general partners, managers, investment managers, or financial advisors or other
person associated with, or acting for or on behalf of, such person. 
 5.4 Use of Proceeds. The Corporation will not intentionally
directly or indirectly use the proceeds of the Transactions, and will not lend, contribute or otherwise make available such proceeds to any Subsidiary, joint venture partner or other person or entity for the purpose of financing the activities of
any person currently subject to any U.S. sanctions administered by OFAC. 
 5.5 No Change of Control. The Corporation shall use
diligent efforts in good faith to obtain all necessary irrevocable waivers and make all appropriate determinations so that the issuance of the Purchased Shares to the Purchaser together with the consummation of the remainder of the Offering, will
not trigger a “change of control” or other similar provision in any of the agreements to which the Corporation or any of its Subsidiaries is a party, including without limitation any employment, “change in control,” severance or
other agreements and any benefit plan, which results in payments to the counterparty or the acceleration of vesting of benefits. 
 5.6
Registration Rights. On the date of this Agreement, the Corporation and Purchaser are entering into the Registration Rights Agreement. Purchaser agrees to comply with all of its obligations under the Registration Rights Agreement before and
after the Closing. 
 5.7 Management Rights. On the date of this Agreement, the Corporation and Purchaser are entering into the
Management Rights Agreement. Purchaser agrees to comply with all of its obligations under the Management Rights Agreement before and after the Closing. 

5.8 Other Issuances Prior to Closing. Until the earlier to occur of the completion of Closing, or the termination of this Agreement,
the Corporation shall not issue any additional shares of Class A Common Stock or other securities which provide the holder thereof the right to convert such securities into shares of Class A Common Stock, other than (i) such
issuances, if any, as are expressly disclosed to and consented to by Purchaser in this Agreement or a Schedule hereto, or (ii) “Plan Issuances,” which shall mean issuances of such securities to employees, officers, director, and
consultants of the Corporation, pursuant to Corporation’s currently existing warrant, stock option, stock appreciation rights and restricted stock plans, if any (“Incentive Plans”). 

5.9 Publicity. Without the prior consent of the Purchaser, the Corporation shall not issue any press release or make any other public
announcement (including on its web site) that 

  
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names the Purchaser or its investment advisor, or issue any press release or public announcement about the completion of the Offering without identifying the Purchaser or the amount or terms of
its purchase. Purchaser shall be entitled to issue a press release or other public announcement regarding this Transaction. In the event either party proposes to issue a press release or other public statement regarding this Transaction, each party
agrees that, prior to doing so, it shall consult with the other party and the content of any press release or public statement shall be subject to the reasonable approval of the other party, which shall not be unreasonably withheld, conditioned or
delayed. 
 5.10 Additional Purchases. In the event that the Corporation issues additional shares of common or preferred stock (or
other securities convertible into common stock) (“Additional Shares”) following the Closing Date (“Additional Shares” shall exclude shares of Class A Common Stock or Class B Common Stock issued (i) pursuant to Plan
Issuances, (ii) in an Acquisition Transaction, or (iii) as a dividend on the Class A Common Stock or Class B Common Stock or as a result of a stock split of the Class A Common Stock or Class B Common Stock), the Purchaser and its
affiliates shall have the right to purchase directly from the Corporation (subject to compliance with applicable law or regulations and any required precondition of approval or non-objection of the Federal Reserve, the OCC, the Department and/or the
FDIC if required) additional shares of Class A Common Stock (or securities convertible into Class A Common Stock) up to the maximum percentage permitted under applicable change in bank control laws and regulations, and additional shares of
Class B Common Stock (or securities convertible into Class B Common Stock) in an amount necessary to maintain its aggregate ownership percentage of the Class A Common Stock and Class B Common Stock at the same level as it was immediately
subsequent to the Closing Date, at the same price and on the same terms (except as to allocation as between Class A Common Stock and Class B Common Stock) as the Additional Shares are issued (“Purchaser Additional Shares Purchase
Right”); provided, however, the Purchaser Additional Shares Purchase Right shall expire the earlier to occur of (i) as a direct result of a transfer of Class A Common Stock by the Purchaser or one of its affiliates and not as a
result, directly or indirectly, of any recapitalization, reverse stock split or the like, Purchaser’s aggregate economic interests in the Corporation is reduced to less than an aggregate 167,365 shares of Class A Common Stock and Class B
Common Stock (for such purpose any securities other than Class A Common Stock or Class B Common Stock shall be deemed economic interests equal to the number of shares of Class A Common Stock, if any, and Class B Common Stock, if any, into
which such securities are convertible or for which they are exchangeable pursuant to the terms of any instrument or agreement), or (ii) the passage of five (5) years subsequent to the Closing Date. For purposes of this Section,
“Acquisition Transaction” means any transaction entered into by the Corporation relating to any acquisition or purchase thereby of all or substantially all of the business, properties or assets of, or any equity interest in, or any merger,
consolidation, business combination or similar transaction involving, any third party pursuant to which the Corporation is the surviving entity thereof and its stockholders hold more than 50% of the issued and outstanding Class A Common Stock
upon completion of such Acquisition Transaction. The provisions of this Section shall survive Closing. 
 5.11 New Management Equity
Incentive Plan. It is anticipated that the Corporation will adopt one or more new management equity incentive plans (the “Anticipated Equity Incentive Plans”). Corporation agrees that the Anticipated Equity Incentive Plans shall
reflect the pricing of the Corporation’s Class A Common Stock in the Offering and under this Agreement. 

  
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 5.12 Exchange of Shares of Class B Common Stock for Shares of Class A Common Stock Upon
Certain Transfers. From time to time upon a transfer by the Purchaser or an affiliate of the Purchaser of any shares of Class B Common Stock to a transferee that is not affiliated with the Purchaser, at the transferee’s option the
Corporation agrees to issue to the transferee shares of Class A Common Stock in exchange for an equal number of shares of Class B Common Stock that would otherwise be issuable to the transferee as a result of the transfer. The Corporation shall
only be obligated under this Section to issue shares of Class A Common Stock in exchange for transferred shares of Class B Common Stock in connection with a transfer by Purchaser or an affiliate of Purchaser: (i) to the Corporation or
either of the Banks; (ii) in a widespread public distribution; (iii) in which no transferee (or group of associated transferees) receives two percent (2.00%) or more of any class of voting securities of the Corporation; or
(iv) to a transferee that would control more than fifty percent (50.00%) of the voting securities of the Corporation without any transfer from Purchaser. The provisions of this Section shall survive Closing. 

 

	 	6.	MISCELLANEOUS 

 6.1 Survival of Provisions. 

(a) All statements contained in any officers’ certificates delivered by or on behalf of the Corporation or its subsidiaries pursuant to
this Agreement or in connection with the Transactions will be deemed representations or warranties of the Corporation under this Agreement. All representations and warranties contained in this Agreement made by or on behalf of the Corporation or the
Purchaser will survive the execution and delivery of this Agreement, and the sale and purchase of the Purchased Shares under this Agreement, and shall expire eighteen (18) months following the Closing Date (the “Survival Period”).

 (b) The other provisions of this Agreement are intended to survive closing indefinitely for such respective periods of time (if any) as
are consistent with the intent of each provision. 
 6.2 Successors and Assigns. This Agreement shall be binding upon and inure to
the benefit of and be enforceable by or against the respective successors and assigns of the parties hereto. 
 6.3 Notices. Written
notices under this Agreement shall be valid if sent by U.S. Certified Mail (Return Receipt Requested) or recognized overnight delivery service (with charges prepaid), or by telecopier facsimile with evidence of successful transmission to the
following respective addresses: 
  

			
	if to a Purchaser:	  	Endicott Opportunity Partners III, L.P.
		  	360 Madison Avenue
		  	21st Floor
		  	New York, NY 10017
		  	Attn: Robert I. Usdan
		  	Facsimile No. (212) 450-8069

  
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	with a copy to:	  	Gunster, Yoakley & Stewart, P.A.
		  	450 East Las Olas Boulevard, Suite 1400
		  	Ft. Lauderdale, FL 33301-4206
		  	Attention: Gregory K. Bader, Esq.
		  	Facsimile No. (954) 523-1722

 or at such other address as such Purchaser or its legal counsel may have specified to the Corporation in writing, 

and if to the Corporation: 

Equity Bancshares, Inc. 
 Suite
200, 7701 Kellogg Drive 
 Wichita, KS 67207 

Attention: Brad S. Elliott 

Chairman and Chief Executive Officer 

Facsimile No. (316) 264-2905 

with a copy to: 
 Stinson Morrison
Hecker LLP 
 1201 Walnut, Suite 2900 

Kansas City, Missouri 64106 

Attention: C. Robert Monroe 

Telephone: (816) 842-8600 

Facsimile. (816) 691-3495 
 or at such other
address as the Corporation or its legal counsel may have specified to the Purchaser in writing. Notices under this Section shall be deemed given only when actually received. 

6.4 Governing Law; Service of Process. All questions concerning the construction, validity, enforcement and interpretation of this
Agreement shall be governed by the internal laws of the State of Kansas, without giving effect to any choice of law or conflict of law provision or rule (whether of the State of Kansas or any other jurisdictions) that would cause the application of
the laws of any jurisdictions other than the State of Kansas. Each party hereby irrevocably waives personal service of process and consents to process being served in any such suit, action or proceeding by mailing a copy thereof to such party at the
address for such notices to it under this Agreement, by certified or registered first class mail, postage prepaid, and agrees that such service shall constitute good and sufficient service of process and notice thereof. Nothing contained herein
shall be deemed to limit in any way any right to serve process in any manner permitted by law. 
 6.5 Counterparts. This Agreement
may be executed in one or more counterparts and, if executed in more than one counterpart, the executed counterparts shall each be deemed to be an original, but all such counterparts shall together constitute one and the same instrument. 

6.6 Headings. The headings herein are inserted for convenience of reference only and are not intended to be part of, or to affect the
meaning or interpretation of, this Agreement. 

  
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 6.7 Severability. Any provision of this Agreement that is prohibited or unenforceable in
any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition. or unenforceability in any jurisdiction shall (to
the full extent permitted by law) not invalidate or render unenforceable such provision in any other jurisdiction. 
 6.8 Expenses.
In the event (i) the Closing occurs, or (ii) the Transactions contemplated by this Agreement are not consummated other than due to a breach by Purchaser of any of its obligations under this Agreement or the failure of Purchaser to receive,
if required, any applicable Required Approvals, the Corporation will reimburse Purchaser for its reasonable documented out-of-pocket expenses incurred in connection with its due diligence and the preparation and negotiation of this Agreement and the
Transactions contemplated thereby including, but not limited to, the fees and expenses of counsel incurred by Purchaser and its Affiliates in connection with the transactions contemplated hereby; provided, that the Corporation shall not be obligated
to reimburse Purchaser for total expenses in excess of $50,000. In addition, the Corporation will pay transfer, stamp or documentary taxes, if any, imposed on Purchaser’s acquisition of the Purchased Shares. 

6.9 Construction. Each agreement contained herein shall be construed (absent express provision to the contrary) as being independent of
each other agreement contained herein, so that compliance with any one agreement shall not (absent such an express contrary provision) be deemed to excuse compliance with any other agreement. Where any provision herein refers to action to be taken
by any person or entity, or which such person or entity is prohibited from taking, such provision shall be applicable whether such action is taken directly or indirectly by such person or entity. The language used in this Agreement will be deemed to
be the language chosen by the parties to express their mutual intent, and no rules of strict construction will be applied against any party. 

6.10 Entire Agreement; Amendments. This Agreement supersedes all other prior oral or written agreements between the Purchaser, the
Corporation, their affiliates and persons acting on their behalf with respect to the matters discussed herein, and this Agreement and the instruments referenced herein, contain the entire understanding of the parties with respect to the matters
covered herein and therein and, except as specifically set forth herein or therein, neither the Corporation nor the Purchaser makes any representation, warranty, covenant or undertaking with respect to such matters. No provision of this Agreement
may be amended other than by an instrument in writing signed by the Corporation and the Purchaser. No provision hereof may be waived other than by an instrument in writing signed by the party against whom enforcement is sought. 

6.11 No Third Party Beneficiaries. This Agreement is intended for the benefit of the parties hereto and their respective permitted
successors and assigns, and is not for the benefit of, nor may any provision hereof be enforced by, any other person other than Indemnities. 

6.12 Indemnification. 

(a) Subject to Section 6.1 and in consideration of the Purchaser’s execution and delivery of this Agreement and acquiring the
Purchased Shares thereunder and in addition to 

  
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all of the Corporation’s other obligations under this Agreement, the Corporation shall defend, protect, indemnify and hold harmless the Purchaser and its general and limited partners,
members, officers, directors, and employees and any of the foregoing persons’ agents or other representatives (including, without limitation, those retained in connection with the Transactions) (collectively, the “Indemnitees”) from
and against any and all actions, causes of action, suits, claims, losses, costs, penalties, fees, liabilities and damages, and expenses in connection therewith (irrespective of whether any such Indemnitee (as hereinafter defined) is a party to the
action for which indemnification hereunder is sought), and including reasonable documented attorneys’ fees and disbursements (the “Indemnified Liabilities”), incurred by Indemnitee as a result of, or arising out of, or relating to
(a) any misrepresentation or breach of any representation or warranty made by the Corporation in this Agreement or any other certificate, instrument or document delivered pursuant hereto, (b) any breach of any covenant, agreement or
obligation of the Corporation contained in this Agreement or any other certificate, instrument or document delivered pursuant hereto, or (c) any cause of action, suit or claim brought or made against such Indemnitee by a third party (including
for these purposes a derivative action brought on behalf of the Corporation) and arising out of or resulting from the execution, delivery, performance or enforcement of this Agreement, any other certificate, instrument or document contemplated
hereby or thereby and the Transactions contemplated hereby, except to the extent that any such cause of action, suit or claim (including any administrative process by any governmental agency) is based upon actions or omissions of the Indemnitee or
its agents or representatives, including without limitation, Indemnitee’s violation of any provision of the BHC Act, the Change in Bank Control Act or any other federal or state banking law. To the extent that the foregoing undertaking by the
Corporation may be unenforceable for any reason, the Corporation shall make the maximum contribution to the payment and satisfaction of each of the Indemnified Liabilities which is permissible under applicable law, including without limitation, to
the extent it may otherwise be applicable, 12 C.F.R. Part 359. 
 (b) Promptly after receipt by an Indemnitee under this Section of notice
of the commencement of any action or proceeding (including any governmental action or proceeding) involving an Indemnified Liability, such Indemnitee shall, if a claim for indemnification in respect thereof is to be made against any indemnifying
party under this Section, deliver to the indemnifying party a written notice of the commencement thereof, and the indemnifying party shall have the right to participate in, and, to the extent the indemnifying party so desires, jointly with any other
indemnifying party similarly noticed, to assume control of the defense thereof with counsel mutually satisfactory to the indemnifying party and the Indemnitee; provided, however, that an Indemnitee shall have the right to retain its own counsel with
fees and expenses of not more than one counsel for such Indemnitee to be paid by the indemnifying party, only if, in the reasonable opinion of the Indemnitee, the representation by such counsel of the Indemnitee and the indemnifying party would be
inappropriate due to actual or potential differing interests between such Indemnitee and any other party represented by such counsel in such proceeding; and provided, further, in no event shall the indemnifying party be liable for fees and expenses
of more than one counsel separate from its own counsel for all Indemnitees in connection with any one action or separate but similar or related actions in the same jurisdiction arising out of the same general allegations or circumstances. The
Indemnitee shall cooperate fully with the indemnifying party in connection with any negotiation or defense of any such action or Indemnified Liabilities by the indemnifying party and shall furnish to the indemnifying party all information reasonably
available to the Indemnitee that relates to such action or Indemnified 

  
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Liabilities. The indemnifying party shall keep the Indemnitee fully apprised at all times as to the status of the defense or any settlement negotiations with respect thereto. No indemnifying
party shall be liable for any settlement of any action, claim or proceeding effected without its prior written consent, provided, however, that the indemnifying party shall not unreasonably withhold, delay or condition its consent. No indemnifying
party shall, without the prior written consent of the Indemnitee, which consent shall not be unreasonably withheld conditioned or delayed, consent to entry of any judgment or enter into any settlement or other compromise which (i) does not
include as an unconditional term thereof the giving by the claimant or plaintiff to such Indemnitee of a release from all liability in respect to such Indemnified Liabilities or litigation, (ii) requires any admission of wrongdoing by such
Indemnitee, or (iii) obligates or requires an Indemnitee to take, or refrain from taking, any action. Following indemnification as provided for hereunder, the indemnifying party shall be subrogated to all rights of the Indemnitee with respect
to all third parties, firms or corporations relating to the matter for which indemnification has been made. The failure to deliver written notice to the indemnifying party within a reasonable time of the commencement of any such action shall not
relieve such indemnifying party of any liability to the Indemnitee under this Section, except to the extent that the indemnifying party is prejudiced in its ability to defend such action. 

(c) At the option of an Indemnitee, the indemnification required by this Section shall be made by periodic payments of the amount thereof
during the course of the investigation or defense, as and when bills are received or Indemnified Liabilities are incurred. 
 6.13
[Intentionally omitted.] 
 6.14 Payment Set Aside. To the extent that the Corporation makes a payment or payments to the Purchaser
hereunder or the Purchaser enforces or exercises its rights hereunder, and such payment or payments or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set
aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the Corporation, a trustee, receiver or any other person under any law (including, without limitation, any bankruptcy law, foreign, state or federal
law, common law or equitable cause of action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made
or such enforcement or setoff had not occurred. 
 6.15 Termination. 

This Agreement may be terminated, and the Transactions contemplated hereby abandoned, at any time prior to the Closing on the purchase and
sale of Purchased Shares: 
 (a) by the mutual written consent of the Purchaser and the Corporation; 

(b) by either the Purchaser or the Corporation if, at October 15, 2010 either (i) any Required Approval shall have been denied or
not received, or (ii) any Governmental Authority shall have issued an order enjoining or otherwise prohibiting consummation of the Transactions contemplated by this Agreement that then remains in effect; 

  
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 (c) by either the Purchaser or the Corporation if the other party materially breaches its
obligations under this Agreement; or 
 (d) by either the Purchaser or the Corporation if the Closing on the purchase and issuance of the
Purchased Shares has not occurred on or before October 15, 2010 and the failure to close by such date is not caused or substantially contributed to by the breach, by the terminating party, of any of its obligations under this Agreement. 

[SIGNATURE PAGE FOLLOWS] 

  
 -32- 

 IN WITNESS WHEREOF, the parties have caused this Stock Purchase Agreement to be duly executed and
delivered as of the date first above written. 
  

									
	Attest: [Corporate Seal]	 		 	EQUITY BANCSHARES, INC.
				
	 /s/ Julie Huber
	 		 	By:	 	 /s/ Brad S. Elliott

	Name:	 	Julie Huber	 		 	Name:	 	Brad S. Elliott
	Title:	 	Secretary	 		 	Title:	 	Chairman and Chief Executive Officer
				
		 		 		 	ENDICOTT OPPORTUNITY PARTNERS III, L.P.
		 		 		 	By: W.R. Endicott III, L.L.C., its General Partner
					
		 		 		 	By:	 	 /s/ Wayne Goldstein

		 		 		 	Name:	 	Wayne Goldstein
		 		 		 	Title:	 	Managing Member

  
 -33-

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