ST. LOUIS - Allegiant Bancorp announced late Wednesday that it plans to acquire Equality Bancorp for $24.3 million of stock.

The merger of the St. Louis companies would create Missouri's 10th-largest banking company, with more than $1.1 billion of assets. The combined company would have 23 branches and more than $800 million of deposits in greater St. Louis.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.