Elkhorn Partners Limited Partnership SC 13D/A Equitable Financial Corp.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 4)*

EQUITABLE FINANCIAL CORP.

(Name of Issuer)

COMMON STOCK

(Title of Class of Securities)

29448T105

(CUSIP Number)

Alan S. Parsow	with a copy to	David L. Hefflinger
Elkhorn Partners Limited Partnership		Jason D. Benson
2222 Skyline Drive		McGrath North Mullin
Elkhorn, NE 68022		& Kratz, PC LLO
(402) 289-3217		Suite 3700 First National Tower
		Omaha, NE 68102
		(402) 341-3070

(Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)

September 4, 2018

(Date of Event which Required Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g) check the following box [ ].

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act.

CUSIP NO. 29448T105 13D Page 2 of 5 Pages

1. Name of Reporting Person

Elkhorn Partners Limited Partnership

2. Check the Appropriate Box if a Member of a Group

/X/ (a) / / (b)

3. SEC Use Only

4. Source of Funds

WC

5. Check Box if Disclosure of Legal Proceedings is Required

Pursuant to Items 2(d) or 2(e)

/ /

6. Citizenship or Place of Organization

Nebraska

	7.Sole Voting Power
	326,406 Shares
Number of
Shares	8.Shared Voting Power
Beneficially
Owned by	0
Reporting
Person	9.Sole Dispositive Power
With
	326,406 Shares
	10.Shared Dispositive Power
	0

11. Aggregate Amount Beneficially Owned by Each Reporting Person

326,406 Shares

12. Check Box if Aggregate Amount in Row 11 Excludes Certain

Shares

/ /

13. Percent of Class Represented by Amount in Row 11

Approximately 9.8% of voting securities

14. Type of Reporting Person

PN

CUSIP NO. 29448T105 13D Page 3 of 5 Pages

Elkhorn Partners Limited Partnership (the "Partnership") makes this filing to amend certain information previously reported by the Partnership.  This filing constitutes Amendment No. 4 to the Schedule 13D of the Partnership.  The Partnership amends such prior Schedule 13D reports with respect to the common stock of Equitable Financial Corp. ("Equitable") by adding the following information to the items indicated.

ITEM 4.  PURPOSE OF THE TRANSACTION.

On September 4, 2018, the Partnership delivered the notice attached hereto as Exhibit A to Equitable for the nomination of Jon D. Hoffmaster, Sean T. Mullen and Alan S. Parsow to the board of directors of Equitable, pursuant to the procedures set forth in the Equitable bylaws, for election at the next annual meeting of stockholders expected to be held on November 27, 2018.

The Partnership believes that the trading price of the Equitable common stock is highly undervalued and that individuals should be added to the Equitable board that will seek to enhance stockholder value.  Recent actions taken by the Equitable board, including voluntarily delisting its common stock from The Nasdaq Stock Market, terminating its registration under Section 12(g) of the Act and suspending its duty to file reports under Sections 13 and 15(d) of the Act, further entrench the board (which in aggregate owns less than 10% of the Equitable common stock, per Equitable's last proxy statement filing) to the detriment of other stockholders.

The Partnership believes that Equitable is a strong acquisition candidate, that the prior actions of the Equitable board will likely keep the trading price of the Equitable common stock suppressed and that the board needs new members willing to consider acquisition proposals that would deliver value to stockholders.

Set forth below is certain information on the business experience, qualifications, attributes and skills of the Partnership's nominees to the Equitable board:

· Mr. Hoffmaster - The nominee has been retired during the past five years, but served in various roles with InfoUSA between 1987 and 1998, including President, Chief Operating Officer, Chief Financial Officer, Vice Chairman and Director.  From 1980 to 1987, the nominee was President and Chief Executive Officer of First National Bank of Bellevue, Nebraska.  He was also part of a small group that bought and sold two banks between 1980 and 1994 (Farmers Savings Bank – Halbur, Iowa and Griswold State Bank – Griswold, Iowa). The nominee started his career in 1972 as a bank examiner with the Nebraska Department of Banking and has experience serving on multiple for-profit and non-profit boards.  Through this experience, the nominee's attributes and skills include an expertise in mergers and acquisitions, banking, finance, accounting, tax and governance matters.

· Mr. Mullen - The nominee has been a Principal of Hancock & Dana, PC since 1985.  Hancock & Dana, PC is a certified public accounting and consulting firm.  The nominee has over 35 years of experience with mergers and acquisitions, tax matters and accounting matters.

· Mr. Parsow – The nominee has been the sole owner and manager of Parsow Management LLC, the General Partner of the Partnership, since 2001.  Parsow Management LLC is an investment adviser registered with the Securities and Exchange Commission. The nominee has been advising private funds on a full-time basis since 1972 and served on the board of directors of Penn Treaty American Corporation from 2008 to 2012 and served on the board of trustees of 29 funds in the fund complex for HSBC Global Asset Management

CUSIP NO. 29448T105 13D Page 4 of 5 Pages

(USA) Inc. from 1987 to 2014.  Through this experience, the nominee's attributes and skills include an expertise in investments, mergers and acquisitions and governance matters.

The Partnership believes that a board of directors should be comprised of members who bring different strengths, skills and experiences to the boardroom and that this type of diversity helps to assess risks, identify opportunities and promote healthy debate.  The Partnership believes that the current board of directors of Equitable lacks certain of the skills of the Partnership's nominees and that the addition of those nominees to the board will assist Equitable in its assessment of potential sale transactions, will assist Equitable in its capital allocation decisions in areas such as stock repurchases and dividends, will improve Equitable's communications with shareholders and the investment community and will help guide operating improvements, business recovery planning and work flow analysis.

The Partnership has no present intention of soliciting proxies in connection with the next annual meeting of stockholders of Equitable, other than solicitations conducted in reliance upon the "ten or fewer" exemption provided by Rule 14a-2(b)(2) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or solicitations to which Regulation 14A under the Exchange Act does not apply. Whether or not any such solicitations will be made will be subject to any discussions that may or may not occur between the Partnership and the management of Equitable.  This amendment to Schedule 13D is not a solicitation of any proxy, vote or action by any stockholder of Equitable or any other person.  

ITEM 5.  INTEREST IN SECURITIES OF THE ISSUER.

(a)(b)  As of September 4, 2018, the Partnership owns 326,406 shares of Equitable common stock.  The Equitable Form 10-Q for the quarter ended March 31, 2018 reported that there were outstanding 3,317,670 shares of Equitable common stock as of May 14, 2018.  Based on this number, the Partnership owns approximately 9.8% of the Equitable common stock.

(c)  Since August 2, 2018 (the date that Amendment No. 3 to the Schedule 13D of the Partnership was filed), the Partnership has not purchased or sold any shares of Equitable common stock.

ITEM 7.   MATERIAL TO BE FILED AS EXHIBITS.

Exhibit A:Equitable Financial Corp. Notice Re: Nomination For Election To Board Of Directors.

CUSIP NO. 29448T105 13D Page 5 of 5 Pages

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I hereby certify that the information set forth in this statement is true, complete and correct.

DATED:  September 4, 2018

Elkhorn Partners Limited Partnership

By:  Parsow Management LLC, General Partner

By: _/s/ Alan S. Parsow_________________________

Alan S. Parsow

Sole Manager

Exhibit A

EQUITABLE FINANCIAL CORP.NOTICE RE: NOMINATION FOR ELECTION TO BOARD OF DIRECTORS

The undersigned shareholder of Equitable Financial Corp. ("Equitable"), Elkhorn Partners Limited Partnership (the "Partnership"), hereby notifies Equitable, pursuant to Article I, Section 6(b) of the Equitable Bylaws, that it intends to nominate Jon D. Hoffmaster, Sean T. Mullen and Alan S. Parsow (individually and collectively, the "Nominee") for election to the board of directors of Equitable at the Equitable 2018 annual meeting of shareholders.

Certain terms used herein have the meanings given to them in the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder, including Regulation 14A (the "Exchange Act").

The Partnership represents and warrants that the following information is true and correct to the best of its knowledge and belief:

With respect to the Partnership:

1. Name:Elkhorn Partners Limited Partnership.

2. Record and Business Address:   2222 Skyline Drive, Elkhorn, NE  68022.

3.Present Principal Occupation or Employment:  The Partnership is an investment fund primarily engaged in the business of investing in securities.  Parsow Management LLC is the General Partner of the Partnership.  Alan S. Parsow is the sole owner and manager of Parsow Management LLC.  References herein to the "Partnership" shall include Parsow Management LLC and Mr. Parsow, to the extent the context requires to satisfy disclosure requirements pursuant to Regulation 14A under the Exchange Act.

4.Stock Ownership:  The Partnership owns (of record and beneficially) 326,406 shares of Equitable common stock as of the date hereof, which constitutes the only securities of Equitable owned by the Partnership.  The Partnership does not own (of record or beneficially) any securities of any parent or subsidiary of Equitable.  No associates of the Partnership own (of record or beneficially) any securities of Equitable or any parent or subsidiary of Equitable, other than the securities of Equitable owned by the Partnership which Mr. Parsow may be deemed to beneficially own.

5.Two Year Transaction Summary:  Attached hereto as Exhibit A is a summary of purchases and sales by the Partnership of securities of Equitable within the past two years.

6.Certain Arrangements or Understandings:  There is no arrangement or understanding between the Partnership and the Nominee or any other person pursuant to which the nomination of the Nominee was to be made by the Partnership.  Mr. Parsow, on behalf of the Partnership, asked the Nominee if he would serve as a director of Equitable if nominated by the Partnership and elected by Equitable shareholders.

The Partnership is not, and has not been within the past year, a party to any contract, arrangement or understanding with any person with respect to any securities of Equitable, including, but not limited to, joint ventures, loan or option arrangements, puts or calls, guarantees against loss or guarantees of profit, division of losses or profits, or the giving or withholding of proxies.

Neither the Partnership nor any of its associates have any arrangement or understanding with any person with respect to any future employment by Equitable or its affiliates or with respect to any future transactions to which Equitable or any of its affiliates will or may be a party.

7.Nomination:  The Partnership represents and warrants that it intends to appear in person or by proxy at the Equitable 2018 annual meeting of shareholders to nominate the Nominee.

8.Persons Making the Solicitation:  The Partnership has no present intention of soliciting proxies in connection with the Equitable 2018 annual meeting of shareholders, other than (a) solicitations conducted in reliance upon the "ten or fewer" exemption provided by Rule 14a-2(b)(2) under the Exchange Act or (b) solicitations to which Regulation 14A under the Exchange Act does not apply.  Any such solicitation will be conducted by Mr. Parsow on behalf of the Partnership via telephone calls or personal meetings with selected shareholders of Equitable.  The Partnership has not spent, and does not anticipate that it will spend, any amount in connection with any such solicitation.  If the Partnership does incur any costs or expenses in connection with any such solicitation, those costs and expenses will be borne by the Partnership and the Partnership will not seek reimbursement from Equitable.

9.Interests of Certain Persons in Matters to be Acted Upon:  The Partnership does not have any interests, direct or indirect, in the election of the Nominee to the board of directors of Equitable beyond its ownership of shares of common stock of Equitable, as described herein.

10.Involvement in Certain Legal Proceedings:  The Partnership has not ever been convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors).

11.Transactions with Equitable:  Neither the Partnership, its associates nor any immediate family member of the foregoing ever had, or will have, a direct or indirect interest in any transaction (whether completed, ongoing or currently proposed) in which Equitable or any of its subsidiaries was or is to be a participant.

With respect to the Nominee:

12.Name and Age:

· Jon D. Hoffmaster (Age 70)

· Sean T. Mullen (Age 61)

· Alan S. Parsow (Age 68)

13.Business Address and Residence Address:

· Mr. Hoffmaster – 317 South 92^nd Street, Omaha, NE 68114 (business and residence).

· Mr. Mullen - 12829 West Dodge Road, Suite 100, Omaha, NE 68154 (business) and 639 N. 157^th Circle, Omaha, NE 68118 (residence).

· Mr. Parsow – 2222 Skyline Drive, Elkhorn, NE 68022 (business and residence).

14.Business Experience, Qualifications, Attributes and Skills:  The Nominee's business experience during the past five years, including the Nominee's principal occupation and employment and the name and principal business of any corporation or other organization in which such occupations and employment were carried on, is as follows:

· Mr. Hoffmaster - The Nominee has been retired during the past five years, but served in various roles with InfoUSA between 1987 and 1998, including President, Chief Operating Officer, Chief Financial Officer, Vice Chairman and Director.  From 1980 to 1987, the Nominee was President and Chief Executive Officer of First National Bank of Bellevue, Nebraska.  He was also part of a small group that bought and sold two banks between 1980 and 1994 (Farmers Savings Bank – Halbur, Iowa and Griswold State Bank – Griswold, Iowa). The Nominee started his career in 1972 as a bank examiner with the Nebraska Department of Banking and has experience serving on multiple for-profit and non-profit boards.  Through this experience, the Nominee's attributes and skills include an expertise in mergers and acquisitions, banking, finance, accounting, tax and governance matters.  None of the Nominee's previous employers was a parent, subsidiary or other affiliate of Equitable.

· Mr. Mullen - The Nominee has been a Principal of Hancock & Dana, PC since 1985.  Hancock & Dana, PC is a certified public accounting and consulting firm and is not a parent, subsidiary or other affiliate of Equitable.  The Nominee has over 35 years of experience with mergers and acquisitions, tax matters and accounting matters.

· Mr. Parsow – The Nominee has been the sole owner and manager of Parsow Management LLC, the General Partner of the Partnership, since 2001.  Parsow Management LLC is an investment adviser registered with the Securities and Exchange Commission and is not a parent, subsidiary or other affiliate of Equitable. The Nominee has been advising private funds on a full-time basis since 1972 and served on the board of directors of Penn Treaty American Corporation from 2008 to 2012 and served on the board of trustees of 29 funds in the fund complex for HSBC Global Asset Management (USA) Inc. from 1987 to 2014.  Through this experience, the Nominee's attributes and skills include an expertise in investments, mergers and acquisitions and governance matters.

The Partnership believes that a board of directors should be comprised of members who bring different strengths, skills and experiences to the boardroom and that this type of diversity helps to assess risks, identify opportunities and promote healthy debate.  The Partnership believes that the current board of directors of Equitable lacks certain of the skills of the Nominee and that the addition of the Nominee to the board will assist Equitable in its assessment of potential sale transactions, will assist Equitable in its capital allocation decisions in areas such as stock repurchases and dividends, will improve Equitable's communications with shareholders and the investment community and will help guide operating improvements, business recovery planning and work flow analysis.

15.Ownership of Business Entities:  The Nominee owns a 10% or more equity interest in the following business entities:

· Mr. Hoffmaster - None.

· Mr. Mullen – Hancock & Dana, PC; Eight Ball LLC; MPP LLC; West Dodge LLC; and Maple CLVI, LLC.

· Mr. Parsow – Parsow Management LLC; and Elkhorn Partners Limited Partnership.

16.Other Directorships:  Following is a list of the Nominee's other directorships including, but not limited to, directorships at any company which is registered pursuant to (or subject to the requirements of) the Exchange Act or is registered as an investment company under the Investment Company Act of 1940:

· Mr. Hoffmaster – None.

· Mr. Mullen – Independent Network Insurance Company of New York (since 2012), Penn Treaty American Corporation (since 2009) and American Network Insurance Company (since 2012).

· Mr. Parsow – 29 funds in the fund complex for HSBC Global Asset Management (USA) Inc. (1987 to 2014).

17.Stock Ownership:  The Nominee does not, and during the past two years has not, owned (of record or beneficially) any securities of Equitable, other than the securities of Equitable owned by the Partnership which Mr. Parsow may be deemed to beneficially own.  The Nominee does not own (of record or beneficially) any securities of any parent or subsidiary of Equitable.  No associates of the Nominee own (of record or beneficially) any securities of Equitable or any parent or subsidiary of Equitable, other than the securities of Equitable owned by the Partnership.

18.Positions or Offices with Equitable / Compensation:  The Nominee has not ever held any position or office with Equitable, and the Nominee has not ever served as a director of Equitable.  No compensation, remuneration or personal benefits have ever been, directly or indirectly, awarded to, earned by or paid to the Nominee, any member of his immediate family or any of his associates by any person for any services rendered in any capacity to Equitable or its subsidiaries.

19.Certain Arrangements or Understandings:  There is no arrangement or understanding between the Nominee and any other person pursuant to which he was or is to be selected as a director or nominee.  Mr. Parsow, on behalf of the Partnership, asked the Nominee if he would serve as a director of Equitable if nominated by the Partnership and elected by Equitable shareholders.

The Nominee is not, and has not been within the past year, a party to any contract, arrangement or understanding with any person with respect to any securities of Equitable, including, but not limited to, joint ventures, loan or option arrangements, puts or calls, guarantees against loss or guarantees of profit, division of losses or profits, or the giving or withholding of proxies.

Neither the Nominee nor any of his associates have any arrangement or understanding with any person with respect to any future employment by Equitable or its affiliates or with respect to any future transactions to which Equitable or any of its affiliates will or may be a party.

20.Family Relationships:  The Nominee does not have any family relationship (by blood, marriage or adoption, not more remote than first cousin) with any director, executive officer or any person known to be nominated or chosen by Equitable to become a director or executive officer of Equitable.

21.Interests of Certain Persons in Matters to be Acted Upon:  The Nominee does not have any interests, direct or indirect, in the election of the Nominee to the board of directors of Equitable beyond any compensation or other benefits that he may receive from Equitable, if elected.

22.Involvement in Certain Legal Proceedings.  There are no legal proceedings to which either the Nominee or any of his associates is a party adverse to Equitable or any of its subsidiaries or to which either the Nominee or any of his associates has an interest adverse to Equitable or any of its subsidiaries.  The Nominee has not ever been involved in any legal proceedings described in Item 401(f) of Regulation S-K promulgated by the Securities and Exchange Commission.  The Nominee has not ever been convicted in any criminal proceeding (excluding traffic violations and similar misdemeanors).

23.Transactions with Equitable:  Neither the Nominee, his associates nor any immediate family member of the foregoing ever had, or will have, a direct or indirect interest in any transaction (whether completed, ongoing or currently proposed) in which Equitable or any of its subsidiaries was or is to be a participant.

24.Compliance with Section 16(a) of the Exchange Act.  Since the beginning of Equitable's last fiscal year, the Nominee has not been subject to Section 16 of the Exchange Act with respect to Equitable and, accordingly, during Equitable's last fiscal year was not required to file any reports pursuant to Section 16 of the Exchange Act with respect to Equitable.

25.Affidavit.  An affidavit that the Nominee would not be disqualified under the provisions of Article II, Section 12 of the Equitable Bylaws is attached hereto as Exhibit B.

[Signature Page Follows]

6

The undersigned has executed this document this 4^th day of September, 2018.

ELKHORN PARTNERS LIMITED PARTNERSHIP

By:  Parsow Management LLC, General Partner

By:    /s/ Alan S. Parsow                                                                               

Alan S. Parsow

Sole Manager

7

The undersigned consents to his nomination for election to the board of directors of Equitable by the above shareholder and, if elected, intends to serve as a director. The undersigned also represents and warrants that the above information is true and correct to the best of his knowledge.

/s/ Jon D. Hoffmaster

Jon D. Hoffmaster

8

The undersigned consents to his nomination for election to the board of directors of Equitable by the above shareholder and, if elected, intends to serve as a director. The undersigned also represents and warrants that the above information is true and correct to the best of his knowledge.

/s/ Sean T. Mullen

Sean T. Mullen

9

The undersigned consents to his nomination for election to the board of directors of Equitable by the above shareholder and, if elected, intends to serve as a director. The undersigned also represents and warrants that the above information is true and correct to the best of his knowledge.

/s/ Alan S. Parsow                                                                                              

Alan S. Parsow

10

EXHIBIT A

Two Year Summary

Date	Purchase / Sale	Security	Shares	Price ($)
8/30/2016	Purchase	Common Stock	5,000	8.66
8/30/2016	Purchase	Common Stock	1,400	8.66
9/2/2016	Purchase	Common Stock	100	8.36
9/6/2016	Purchase	Common Stock	114	8.36
9/7/2016	Purchase	Common Stock	707	8.36
9/8/2016	Purchase	Common Stock	551	8.36
9/9/2016	Purchase	Common Stock	1,314	8.36
9/14/2016	Purchase	Common Stock	262	8.42
9/15/2016	Purchase	Common Stock	1,452	8.40
9/26/2016	Purchase	Common Stock	521	8.72
9/28/2016	Purchase	Common Stock	138	8.41
10/7/2016	Purchase	Common Stock	1,779	8.45
10/18/2016	Purchase	Common Stock	500	8.70
10/24/2016	Purchase	Common Stock	962	8.66
10/31/2016	Purchase	Common Stock	400	8.79
11/3/2016	Purchase	Common Stock	250	8.70
11/16/2016	Purchase	Common Stock	300	8.85
12/6/2016	Sale	Common Stock	(800)	9.62
12/30/2016	Purchase	Common Stock	750	9.79
1/10/2017	Sale	Common Stock	(400)	10.15
2/7/2017	Purchase	Common Stock	600	9.95
2/14/2017	Purchase	Common Stock	300	10.00
3/2/2017	Sale	Common Stock	(800)	10.25
3/6/2017	Purchase	Common Stock	118	9.90
3/7/2017	Sale	Common Stock	(1,118)	10.25
3/14/2017	Sale	Common Stock	(800)	10.25
4/6/2017	Sale	Common Stock	(1,370)	10.36
4/19/2017	Sale	Common Stock	(500)	10.50
4/28/2017	Purchase	Common Stock	370	10.44
5/5/2017	Sale	Common Stock	(656)	10.50
5/9/2017	Purchase	Common Stock	756	10.25
5/16/2017	Sale	Common Stock	(15)	10.60
5/18/2017	Sale	Common Stock	(100)	10.60
5/19/2017	Purchase	Common Stock	815	10.40
5/22/2017	Sale	Common Stock	(11)	10.60
5/23/2017	Purchase	Common Stock	506	10.28
5/30/2017	Purchase	Common Stock	1,400	10.18
6/2/2017	Purchase	Common Stock	400	10.20
6/5/2017	Purchase	Common Stock	286	10.13
6/12/2017	Purchase	Common Stock	7	10.00
6/14/2017	Purchase	Common Stock	300	10.10
6/15/2017	Purchase	Common Stock	636	9.95
6/26/2017	Purchase	Common Stock	29	9.90
6/28/2017	Purchase	Common Stock	50	9.85
6/30/2017	Purchase	Common Stock	3,520	10.15
7/11/2017	Purchase	Common Stock	329	10.19
7/13/2017	Purchase	Common Stock	110	10.05
7/14/2017	Purchase	Common Stock	247	10.20
7/26/2017	Purchase	Common Stock	325	10.17
7/28/2017	Purchase	Common Stock	1,412	10.17
7/31/2017	Purchase	Common Stock	454	10.20
8/29/2017	Purchase	Common Stock	500	10.10
8/31/2017	Purchase	Common Stock	500	10.20
9/25/2017	Sale	Common Stock	(453)	10.30
9/27/2017	Sale	Common Stock	(500)	10.35
10/31/2017	Purchase	Common Stock	214	10.39
11/7/2017	Purchase	Common Stock	500	10.14
11/16/2017	Purchase	Common Stock	32	10.10
12/8/2017	Purchase	Common Stock	41	10.25
12/12/2017	Purchase	Common Stock	500	10.30
12/19/2017	Sale	Common Stock	(8)	10.60
2/1/2018	Sale	Common Stock	(3)	10.95
2/2/2018	Sale	Common Stock	(423)	10.90
2/12/2018	Purchase	Common Stock	1,400	10.76
2/21/2018	Purchase	Common Stock	3,200	10.70
2/26/2018	Purchase	Common Stock	2,000	10.70
3/7/2018	Purchase	Common Stock	100	10.50
3/8/2018	Purchase	Common Stock	2,119	10.50
3/8/2018	Purchase	Common Stock	100	10.50
3/12/2018	Purchase	Common Stock	4	10.45
3/13/2018	Purchase	Common Stock	3,368	10.53
4/19/2018	Purchase	Common Stock	200	10.50
4/20/2018	Purchase	Common Stock	52	10.40
5/2/2018	Purchase	Common Stock	107	10.45
5/7/2018	Purchase	Common Stock	650	10.47
5/7/2018	Purchase	Common Stock	587	10.45
5/8/2018	Purchase	Common Stock	200	10.40
5/23/2018	Purchase	Common Stock	25	10.40
5/24/2018	Purchase	Common Stock	2,500	10.35
7/11/2018	Purchase	Common Stock	1,394	10.17

EXHIBIT B

Affidavit

AFFIDAVIT FOR DIRECTOR QUALIFICATION

UNDER ARTICLE II, SECTION 12OF THE BYLAWSOF

EQUITABLE FINANCIAL CORP.

STATE OF NEBRASKA)

) ss.

COUNTY OF DOUGLAS)

The undersigned nominee to the Board of Directors of Equitable Financial Corp., a Maryland corporation (the "Corporation"), upon being first duly sworn, does hereby depose and state:

1.The nominee is a bona fide resident of the State of Nebraska at the time of his or her nomination and at the time of his or her election.

2.The nominee is not 75 years of age or older at the time of his or her election.

3.The nominee is not a director or officer of another credit union, savings bank, savings and loan association, trust company, bank or holding company (in each case whether chartered under state, federal or other law) that has an office in any county in which the Corporation or any of its subsidiaries has an office, or any county contiguous to any county in which the Corporation or any of its subsidiaries has an office.

4.The nominee is not under indictment for, and has never been convicted of, a criminal offense involving dishonesty or breach of trust and the penalty for such offense could be imprisonment for more than one year.

5.The nominee is not a person against whom a banking agency has, within the past ten years, issued a cease and desist order for conduct involving dishonesty or breach of trust and that order is final and not subject to appeal.

6.The nominee has not been found either by a regulatory agency whose decision is final and not subject to appeal or by a court to have:

(a) breached a fiduciary duty involving personal profit; or

(b) committed a willful violation of any law, rule or regulation governing banking, securities, commodities or insurance, or any final cease and desist order issued by a banking, securities, commodities or insurance regulatory agency.

7.The nominee would not be disqualified to serve as a director of the Corporation under the provisions of Article II, Section 12 of the Bylaws of the Corporation.

[NAME OF NOMINEE]

Subscribed and sworn to before me this _____ day of ____________, 2018.

Notary Public