Financial Services Acquisitions in Nebraska

Equity Bancshares, Inc. (NYSE: EQBK) completed its merger with Frontier Holdings, LLC, the parent of Frontier Bank, effective January 1, 2026, adding seven branch locations and entering the Nebraska market. Frontier locations will reopen as Equity Bank and Equity plans to consolidate core and digital banking systems in February 2026. The deal brings Equity to approximately $7.9 billion in pro forma consolidated assets and expands its full-service footprint to six states.

Turning Rock Partners, a New York-based private investment firm, has provided $30 million in secured expansion financing to SilverLeaf Wealth Management, an independent wealth advisory firm headquartered in Omaha, Nebraska. The capital will support SilverLeaf's growth plan — including its acquisition strategy — and help the firm expand services to a broader client base.

Finovifi has acquired Modern Banking Systems (MBS), a 50+-year core banking software provider headquartered in the Omaha, Nebraska area, and MBS’s longtime Southeastern distributor Modern Banking Systems of Alabama (MBSAL). The deal will integrate MBS’s core processing capabilities and MBSAL’s regional relationships with Finovifi’s AI-driven fintech tools and cloud-native offerings to expand product capabilities and market reach among community banks.

An affiliate of Antarctica Capital has completed the acquisition of Midwest Holding Inc. (NASDAQ: MDWT), a technology-driven life and annuity platform headquartered in Lincoln, Nebraska. Midwest shareholders received $27.00 per share in cash, Midwest was delisted from Nasdaq, and Antarctica says Midwest will become a key component of its retirement services business while retaining current leadership and operations.

Bain Capital made a strategic growth investment in Carson Group on July 14, 2021, valuing the Omaha-based wealth management technology and services firm at over $1 billion. The transaction included the purchase of equity interests from Long Ridge Equity Partners and provides Carson Group with additional growth capital to support M&A, technology development, and client experience enhancements while founder Ron Carson remains majority owner.

The Charles Schwab Corporation completed its acquisition of TD Ameritrade Holding Corporation, creating a combined firm with approximately $6 trillion in client assets and 28 million brokerage accounts. The deal broadens Schwab’s scale and product offering (including thinkorswim and institutional custody solutions) and begins an 18–36 month integration to unify platforms and operations.