Monitor for the filing and effectiveness of the S-4 registration statement and the mailing of proxy materials, which will trigger the election deadline and shareholder vote — these are the next catalysts for deal closure.
Price Chart
Executive Summary
Lincoln Bancorp sent a letter to its shareholders on September 22, 2026, confirming the definitive merger agreement with Equity Bancshares (EQBK) for total consideration valued at approximately $123.8 million. The filing is a routine shareholder communication that reiterates previously disclosed deal terms, consideration election mechanics, and the expected Q4 2026 closing timeline — no new material information or changes to deal terms are introduced.
Key Financial Metrics
Key Facts
- Lincoln Bancorp shareholders may elect to receive Equity common stock or cash for each Lincoln share, with a default allocation to the undersubscribed form if no election is made.
- Total merger consideration valued at approximately $123.8 million based on Equity's stock price of $49.85 on September 2, 2026.
- The merger is expected to close in the fourth quarter of 2026, subject to Lincoln shareholder approval, customary regulatory approvals, and other closing conditions.
- Equity pays a regular quarterly cash dividend of $0.22 per share ($0.88 annualized).
- The Lincoln shareholder bulletin board will be suspended during the pendency of the merger.
Financial Impact
Total merger consideration approximately $123.8 million, paid as 77.5% stock and 22.5% cash.
Risk Factors
- Failure to obtain Lincoln shareholder approval or customary regulatory approvals could delay or terminate the merger.
- Pro rata reallocation of consideration if either cash or stock elections are oversubscribed may alter individual shareholder outcomes.
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 425 Filing (Primary) | 0001193125-26-398104 |
| Document: 0001193125-26-398104-index-headers.html | 0001193125-26-398104 |
| Document: 0001193125-26-398104-index.html | 0001193125-26-398104 |
| Document: 0001193125-26-398104.txt | 0001193125-26-398104 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | EFFECT | $47.54 | awaiting T+5 | — | $48.80 (+2.65%) |
Oct 16, 2026 10d ago | S-4/A | $47.23 $49.10 | ▲ +3.95% | ▲ +4.09% | $48.80 (+3.32%) |
Oct 16, 2026 10d ago | 425 | $47.51 $48.64 | ▲ +2.38% | ▲ +2.29% | $48.80 (+2.72%) |
Oct 14, 2026 12d ago | 8-K | $46.68 $48.64 | ▲ +4.20% | ▲ +5.21% | $48.80 (+4.54%) |
Oct 6, 2026 20d ago | 425 | $47.00 $46.57 | ▼ −0.91% | ▲ +0.07% | $48.80 (+3.83%) |
Oct 2, 2026 24d ago | S-4 | $47.54 $47.23 | ▼ −0.65% | ▼ −1.07% | $48.80 (+2.65%) |
Oct 2, 2026 24d ago | 8-K | $47.54 $47.23 | ▼ −0.65% | ▼ −1.07% | $48.80 (+2.65%) |
Sep 22, 2026 4w ago | 425 | $47.58 $47.14 | ▼ −0.92% | ▼ −0.25% | $48.80 (+2.57%) |
Sep 18, 2026 5w ago | 425 | $48.38 $47.81 | ▼ −1.19% | ▼ −0.17% | $48.80 (+0.86%) |
Sep 4, 2026 7w ago | 425 | $50.13 $50.14 | ▲ +0.02% | ▲ +1.14% | $48.80 (−2.65%) |
US Market Status
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