Corporate Profile

Equitable Financial Corp. is the holding company for Equitable Bank. Equitable Bank has been in operation in Grand Island since 1882. A full-service bank with 4 branches in Grand Island, North Platte and Omaha, Equitable offers consumer, commercial and ag loans, home loans, checking and savings accounts, financial planning and retirement services.

Corporate Information

Corporate Profile

Equitable Financial Corp. is the holding company for Equitable Bank. Equitable Bank has been in operation in Grand Island since 1882. A full-service bank with 4 branches in Grand Island, North Platte and Omaha, Equitable offers consumer, commercial and ag loans, home loans, checking and savings accounts, financial planning and retirement services.

Senior Management

Thomas E. Gdowski | Chairman of the Equitable Financial Corporation Board
David L. Richardson | Chief Lending Officer and Community Bank President
Levi D. Fisher | Community Bank President
Darcy M. Ray | Chief Financial Officer
Douglas J. Nodgaard | Community Bank President
Alison M. Larson | Vice President, Marketing Director

Board of Directors

Levi D. Fisher
Levi D. Fisher has served as Community Bank President (North Platte) of Equitable Bank since June 2011. Prior to that time, Mr. Fisher served as an Agricultural Loan Officer of Equitable Bank since May 2005. Prior to joining Equitable Bank, Mr. Fisher served as an Ag Loan Officer for United Nebraska Bank from May 2002 to May 2005. Mr. Fisher is a member of the Boards of Directors of Equitable Financial Corp. and Equitable Bank. 

Thomas E. Gdowski
Thomas E. Gdowski has served as President and Chief Executive Officer of Equitable Bank since December 2008. Prior to that, Mr. Gdowski had served as Executive Vice President and Chief Operating Officer of Equitable Bank since June 2006. Other prior positions with Equitable Bank include Chief Financial Officer (August to December, 2008), Senior Vice President (March, 2005, to June, 2006), and Chief Branch Operating Officer (November, 2005, to June, 2006). Prior to joining Equitable Bank, Mr. Gdowski served as the Funds Management Officer for TierOne Bank from September 2004 to March 2005, and as Executive Vice President and Chief Financial Officer of United Nebraska Bank from 1993 to September 2004. Mr. Gdowski is Chairman of the Board of Directors of Equitable Financial Corp. and is a member of the Board of Directors of Equitable Bank.

Douglas J. Redman
Douglas J. Redman served as Equitable Bank’s Business Development Officer from May 2009 until December 2010. Since January 2014, Mr. Redman has been a partner in Red Mountain Breakfast Company LLC, which operates a Dunkin Donuts franchise. Mr. Redman is also the former owner of several businesses, including a Subway franchise and a Video Kingdom store. Mr. Redman’s experience as a small business owner provides the board with valuable insight into managing and overseeing a business, as well as a vital point of view on the needs of our business banking customers.

David L. Richardson
David L. Richardson has served as Community Bank President (Grand Island) and Chief Lending Officer of Equitable Bank since May 2009. Prior to that time, Mr. Richardson served as Credit Administration Manager of Equitable Bank. Mr. Richardson is a member of the Boards of Directors of Equitable Financial Corp. and Equitable Bank.

William B. Westering
William B. Westering is managing partner of Great Plains Cattle Company. Mr. Westering is very engaged in the Grand Island community, currently serving as the Chairman of the Central Nebraska Growth Foundation. Mr. Westering has served as Chairman of the Grand Island Area Economic Development Corporation Board of Trustees, was involved with the boards of Fonner Park and Riverside Golf Club, and numerous area organizations. Mr. Westering is also a member of the Central Nebraska Shrine Club, and owned Westering Distributing in Grand Island from 1976-2000. Mr. Westering earned his business degree from Hastings College. Mr. Westering joined the Board of Directors of Equitable Bank in 2017.

Vincent J. Dugan
Vincent J. Dugan is the President and General Counsel of Trego/Dugan Aviation, Inc., a Nebraska-based aviation company, and the President of Trego/Dugan Aviation of Grand Island, Inc. He has served in those positions since July, 1994. Mr. Dugan has also been affiliated with the law firm of Brouillette, Dugan & Troshynski in North Platte, Nebraska since October, 2007. Mr. Dugan’s experience as an attorney provides a valuable resource and perspective to the Board.

Wayne G. Cadwallader
Wayne G. Cadwallader serves as Managing Partner – Research for Elkhorn Partners Limited Partnership (“Elkhorn Partners”). Prior to joining Elkhorn Partners, Mr. Cadwallader worked for Hamblin Watsa Investment Counsel Ltd. (“Hamblin Watsa”), a subsidiary of Fairfax Financial Ltd., from October 2000 to June 2010, where he was promoted from Associate Investment Analyst to Senior Investment Analyst. Mr. Cadwallader was part of the investment team at Hamblin Watsa that managed Fairfax Financials’ $22 billion dollars in assets. In this capacity, Mr. Cadwallader’s focus was primarily equity research and, to some extent, bond research with a focus on North America. From 1998 to 2000, Mr. Cadwallader ran his own information technology consulting firm, involving project management and consulting on application software development. Mr. Cadwallader currently serves as a director of Orbit International Corp., which trades on the OTC market.

Sean T. Mullen
Sean T. Mullen has been a principal of Hancock & Dana, PC (“H&D”), a certified public accounting and consulting firm, since 1985. Mr. Mullen has over 35 years of experience with mergers and acquisitions, tax matters and accounting matters.

Total Shares Outstanding

Total Shares Outstanding as of March 31, 2021
2,870,047