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Equity Bank becomes sponsor of FHSU Robbins Banking Institute computer lab

FHSU University Relations

Alan Deines, director of the Robbins Banking Institute at Fort Hays State University, has announced a contribution to the institute from Equity Bank, Andover, that will help build a computer lab.

The lab will provide students with the opportunity to become familiar with and operate many of the computer systems in use by the banking industry.

“Equity Bank is committed to the ideals of FHSU’s Robbins Banking Institute,” said Brad Elliott, chief executive officer of Equity Bank.

“For economic development to occur in the state of Kansas and the other states in which Equity does business, it’s important for students to learn principles, practices, and software specific to banking that can help them become key contributors to the workforce,” he said. “This Institute is committed to providing the best training possible.”

Equity Bank, a $3 billion dollar bank, has roots in Andover, with 23 of its 42 banks located in Kansas. Over the past decade, Equity has built one of the region’s fastest growing banks by working side by side with customers throughout their communities in Kansas, Missouri, Arkansas, and Oklahoma.

Equity lost highest number of employees in 2017 :: Kenya - The ...

The layoffs have however come with cost of restructuring including severance packages for early staff retirement.

“We expect to see a short term spike in cost to income ratios as result of managements’ tough decisions on staff rationalization, branch closures and investments in technology. Going forward, these actions will trim the excess fat, making banks leaner and more efficient to face the future,” Standard Investment Bank said.

Most employees have now been replaced by agents working directly from banking halls and focusing on mobile banking channels.

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According to Cytonn, about 93 new bank branches were opened last year despite massive layoffs, migration to mobile based technologies and shift to agency models.

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