nbkc Files with FDIC to Take Over Lincoln Savings' LSBX BaaS Unit
KANSAS CITY – October 30, 2026 -- nbkc bank has filed an application with the FDIC to assume the consumer-focused Banking as a Service (BaaS) portfolio of LSBX, the BaaS division of Lincoln Savings Bank, expanding both its BaaS business and its deposit base.
The deal is expected to close in early 2027, subject to regulatory approval. Financial terms were not disclosed.
Deal follows Lincoln Bancorp's merger agreement with Equity Bancshares
The filing comes after a September announcement that Lincoln Savings Bank's parent, Lincoln Bancorp of Reinbeck, Iowa, will merge with and into Equity Bancshares, Inc., based in Wichita, Kan.
nbkc plans to fold the LSBX offering into its own BaaS business and take it to market under the nbkc brand, according to President and CEO Michael Bartkoski. He called the transaction a "natural fit" and said it would strengthen the bank's deposit base.