nbkc Bank Files Application to Assume LSBX Consumer Banking as a Service Programs
nbkc bank has filed an application with the FDIC to assume the consumer-focused Banking as a Service (BaaS) portfolio from LSBX, a division of Lincoln Savings Bank. The move is intended to scale nbkc's existing BaaS business and expand its overall deposit base. Upon completion, the LSBX offering will be integrated into nbkc’s current operations under the nbkc brand. The transaction follows an earlier announcement regarding the merger of Lincoln Bancorp with Equity Bancshares, Inc. While specific financial terms were not disclosed, the deal is expected to close in early 2027, pending regulatory approval. This acquisition allows nbkc to leverage its established fintech infrastructure to manage a larger volume of retail customers through nonbank partners.