nbkc bank Announces Agreement to Assume Consumer BaaS Programs of LSBX, a Division of Lincoln Savings Bank

Transaction to Boost nbkc's Banking as a Service Business and Deposit Base

KANSAS CITY, Mo., Oct. 30, 2026 /PRNewswire/ -- nbkc bank today announced that it filed an application with the FDIC to assume the consumer-focused Banking as a Service (BaaS) portfolio maintained by LSBX, Lincoln Savings Bank's BaaS division, which would increase the scale of its BaaS business and overall deposit base.

The transaction is anticipated to close in early 2027 subject to regulatory approval. Terms were not disclosed. It follows a September announcement that Lincoln Savings Bank parent Lincoln Bancorp, Reinbeck, Iowa, will merge with and into Equity Bancshares, Inc., headquartered in Wichita, Kan.

"This transaction is a natural fit for nbkc and is a great opportunity to continue growing our BaaS business," said Michael Bartkoski, president and CEO of nbkc bank. "It allows us to further strengthen our deposit base and build upon an established program with significant momentum." Bartkoski said he expects the LSBX offering to be merged into nbkc's BaaS business and to go to market under the nbkc brand.

"We believe nbkc is an excellent successor and home for our LSBX customers," said Sean Willett, CEO of Lincoln Savings Bank. "nbkc has built an exceptional Banking as a Service capability, and they are well known for effectively combining technology and a human touch. We believe in that approach and are confident it will serve our customers very well."

Through BaaS offerings, banks provide nonbank fintech companies, which do not have banking charters, the opportunity to provide banking products such as deposits, checking, debit cards and personal loans to their customers. Fintech companies' clients interact with the fintech company's app on the front end, and their accounts are opened with the partner bank, typically on a private label basis. Fintech companies gain the ability to offer banking products, and banks offering BaaS gain access to those companies' retail customers.

nbkc bank has developed meaningful scale in its BaaS business, with approximately 13 BaaS relationships with fintech companies, approximately 3.6 million BaaS customers and 30 dedicated BaaS employees.

"Our investment in our BaaS offering enables us to take on a transaction of this scale with confidence in our ability to provide a seamless, excellent customer experience," Bartkoski said.

About nbkc bank

Having celebrated 25 years in 2024, nbkc bank is a Kansas City-based community bank with a nationwide online presence. Known for pairing intuitive technology with personal support, nbkc delivers digital solutions for mortgage, consumer, and business banking, plus Banking as a Service (BaaS) for companies nationwide. The bank also founded Fountain City Fintech®, an accelerator for growing fintech startups. nbkc remains committed to leading the industry toward simpler, more transparent banking. Member FDIC. Equal Housing Lender.

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SOURCE nbkc bank