UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

SCHEDULE 14A INFORMATION

Proxy Statement Pursuant to Section 14(a) of the Securities
Exchange Act of 1934 (Amendment No. ______)

Filed by the Registrant [X]
Filed by a Party other than the Registrant [ ]

Check the appropriate box:
[ ] Preliminary Proxy Statement
[ ] Confidential, for Use of the Commission Only (as permitted by Rule
14a-6(e)(2))
[ ] Definitive Proxy Statement
[X] Definitive Additional Materials
[ ] Soliciting Material Pursuant to ss. 240.14a-12

Equitable Financial Corp.
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(Name of Registrant as Specified In Its Charter)

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(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

Payment of Filing Fee (Check the appropriate box):
[X] No fee required.
[ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.

1) Title of each class of securities to which transaction applies:
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2) Aggregate number of securities to which transaction applies:
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3) Per unit price or other underlying value of transaction computed pursuant
to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is
calculated and state how it was determined):
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[ ] Fee paid previously with preliminary materials.

[ ] Check box if any part of the fee is offset as provided by Exchange Act
Rule 0-11 (a)(2) and identify the filing for which the offsetting fee was
paid previously. Identify the previous filing by registration statement
number, or the Form or Schedule and the date of its filing.

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4) Date Filed:
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[Equitable Financial Corp. Letterhead]

October 20, 2006

Dear Equitable Financial Corp. Shareholder:

We recently mailed you proxy material in connection with our upcoming
Annual Meeting of Shareholders to be held on November 14, 2006. According to our
records, we have not yet received your proxy.

IT IS VERY IMPORTANT that your shares be voted, regardless of the number
of shares you own.

Please take a moment to VOTE your shares by returning your proxy in the
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envelope provided. If your shares are held with a broker or bank, you can also
vote by telephone or the internet by following the enclosed instructions. OUR
BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS A "FOR" VOTE ON ALL PROPOSALS.

Please disregard this letter if you already voted your shares. Thank you
for your cooperation and support.

Sincerely,

/s/ Richard L. Harbaugh
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Richard L. Harbaugh
PRESIDENT AND CHIEF EXECUTIVE OFFICER

REVOCABLE PROXY
EQUITABLE FINANCIAL CORP.

/X/ PLEASE MARK VOTES FOR ALL
--- AS IN THIS EXAMPLE FOR WITHHOLD EXCEPT

ANNUAL MEETING OF SHAREHOLDERS 1. The election as directors of all
NOVEMBER 14, 2006 nominees listed below (except as ____ ____ ____
marked to the contrary below). /___/ /___/ /___/
The undersigned hereby appoints Richard L. Harbaugh,
Dr. Jonas A. Proffitt and Gary Kruse, and each of them,
with full power of substitution, to act as proxies PAMELA L. PRICE, DOUGLAS J. REDMAN AND BENEDICT P. WASSINGER, JR.
for the undersigned and to vote all shares of common
stock of Equitable Financial Corp. that the undersigned
is entitled to vote at the annual meeting of shareholders,
to be held on November 14, 2006 at 10:00 a.m. local time,
at The Yancey, Commons Room, 123 North Locust Street,
Grand Island, Nebraska and at any and all adjournments
thereof, as indicated on this proxy card.
INSTRUCTION: TO WITHHOLD AUTHORITY TO VOTE FOR ANY INDIVIDUAL NOMINEE,
MARK "FOR ALL EXCEPT" AND WRITE THAT NOMINEE'S NAME IN THE SPACE
PROVIDED BELOW.

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FOR AGAINST ABSTAIN

2. The approval of the Equitable
Financial Corp. 2006 Equity ____ ____ ____
Incentive Plan. /___/ /___/ /___/

FOR AGAINST ABSTAIN

3. The ratification of the appointment
of Crowe Chizek and Company LLC as ____ ____ ____
the independent registered public /___/ /___/ /___/
accountants of Equitable Financial
Corp. for the year ending June 30,
2007.

Your Board of Directors Recommends a Vote "FOR"
each of the nominees and the listed proposals.

THIS PROXY, WHEN PROPERLY EXECUTED AND RETURNED, WILL BE VOTED AS DIRECTED
BY THE UNDERSIGNED SHAREHOLDER. IF NO INSTRUCTIONS ARE SPECIFIED, THIS
PROXY WILL BE VOTED "FOR" ALL OF THE PROPOSALS LISTED. THIS PROXY ALSO
---------- CONFERS DISCRETIONARY AUTHORITY TO VOTE WITH RESPECT TO THE ELECTION OF ANY
Please be sure to sign and date / Date / PERSON AS DIRECTOR WHERE THE NOMINEES ARE UNABLE TO SERVE OR FOR GOOD CAUSE
this Proxy in the box below. ---------- WILL NOT SERVE AND WITH RESPECT TO ANY OTHER BUSINESS THAT MAY PROPERLY
COME BEFORE THE ANNUAL MEETING OR ANY ADJOURNMENT THEREOF.
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/ /
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DETACH ABOVE CARD, SIGN, DATE AND MAIL IN POSTAGE-PAID ENVELOPE PROVIDED.

EQUITABLE FINANCIAL CORP.
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THIS PROXY IS SOLICITED BY THE BOARD OF DIRECTORS.

Please sign exactly as your name appears on this card. When signing as attorney, executor, administrator, trustee or guardian,
please give your full title. If shares are held jointly, each holder may sign but only one signature is required.

PLEASE COMPLETE, DATE, SIGN AND PROMPTLY MAIL THIS PROXY
IN THE ENCLOSED POSTAGE-PAID ENVELOPE.
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IF YOUR ADDRESS HAS CHANGED, PLEASE CORRECT THE ADDRESS IN THE SPACE PROVIDED BELOW AND RETURN THIS PORTION WITH THE PROXY IN THE
ENVELOPE PROVIDED.

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