Equity Bank has been in the news for various reasons. In October 2023, Equity Bank Uganda was in the spotlight over the mysterious disappearance of customer deposits due to possible internal fraud. The bank issued a statement denying abetting or aiding fraud and urged customers to report any loss of their phone immediately to the bank through their 24/7 customer helpline. In contrast, in February 2023, Equity Bank completed the acquisition of certain assets and liabilities of Spire Bank, which is in line with Equity Groups concerted efforts to expand its operations. In October 2021, Equity Bancshares, Inc. completed a merger with American State Bancshares, Inc., adding locations in Kansas and consolidating core and digital banking systems for customers. Finally, in September 2023, all deposit accounts of Almena State Bank were transferred to Equity Bank.