In addition, AimBank has expanded its presence into several markets, and now has 25 banking locations throughout West Texas and Northeastern New Mexico serving businesses and individuals. AimBank has continually grown from $13 million in assets in 2003 when current ownership took over, to approximately $1.8 billion in assets today.
In 2003, a group of bankers and investors purchased the Bank, renaming it “AimBank” and converting from a national chartered bank to a state-chartered bank. Additional information about FirstBank & Trust is available at FB&T is a member of the FDIC and an Equal Housing Lender.ĪimBank, a wholly-owned subsidiary of AIM Bancshares, Inc., was originally chartered on Septemas the First National Bank of Littlefield. FB&T specializes in business lending and deposit services, and also provides mortgage, private client, investment, treasury management, card services, and complete electronic banking programs to individuals and businesses in West Texas. FB&T operates eight banking locations serving the cities of Lubbock, Snyder, Wilson, Colorado City, Tahoka, and surrounding communities. We extend a warm welcome to the AimBank customers and employees to our organization.”įirst Bank & Trust, a wholly-owned subsidiary of Heartland, is a community bank Headquartered in Lubbock, Texas, with more than $1.2 billion in assets. Greg Garland, President of FB&T, concluded, “We are increasing our presence and adding scale with a solid and experienced team dedicated to client service and success. The transaction is expected to close early in the third quarter of 2020 with a systems conversion planned for the fourth quarter of 2020. The transaction is subject to approval by federal and state bank regulators and to customary closing conditions. This is a great opportunity for our customers, who will enjoy a broader selection of banking products and will continue to deal directly with our current staff.” The combination of AimBank with the Heartland family of community banks in Texas significantly increases our lending capabilities and gives us access to products and services offered by larger banks while preserving our legacy as a locally-led community bank. He stated “We are delighted to reach this agreement with Heartland and look forward to joining such a high-quality organization. Wade, Chairman and Chief Executive Officer of AimBank will join FB&T as Vice Chairman of the Board and President of the South Division of FB&T. We are very fortunate to be combining two talented teams of local commercial banking professionals and staff with an excellent knowledge of the communities and the clients they serve.” The leadership teams of our two institutions will be integrally working together to enhance our commitment to a quality customer experience. “We have immense respect for Scott Wade and his team of talented bankers. Orr, Chairman and Chief Executive Officer of FB&T. “We at FirstBank & Trust are extremely excited about the opportunity to join forces with AimBank,” said Barry H.
FB&T serves commercial businesses, professionals and individuals from eight offices in the Lubbock, Snyder, Tahoka, Colorado City and Wilson markets of Texas, FB&T had approximately $1.14 billion in total assets as of December 31, 2019. AimBank also serves customers from six branch offices in Northeastern New Mexico, which are located in Angel Fire, Clayton, Logan, Raton, Santa Rosa, and Tucumcari, New Mexico. With approximately $1.78 billion in total assets, $1.16 billion in net loans outstanding and $1.54 billion in deposits as of December 31, 2019, AimBank is a full-service community bank that serves customers from 19 offices in West Texas: Abilene, Amarillo, Dalhart, Farwell, Levelland, Littlefield, Lubbock, Miami, Midland, Muleshoe, Odessa, Pampa, Plains, Shamrock, Snyder, and Wolfforth, Texas. The combined bank will operate under the FirstBank & Trust brand. The combination of FB&T and AimBank will create Heartland’s largest bank subsidiary with assets of almost $3 billion and 33 banking centers. (“ABI”), today jointly announced that their parent companies have entered into a definitive merger agreement pursuant to which ABI will be acquired by Heartland.Īt the time of the closing of the acquisition, FB&T and AimBank will merge.
(“Heartland”) (NASDAQ: HTLF), and Levelland, TXbased AimBank, a wholly-owned subsidiary of AIM Bancshares, Inc. Lubbock, Texas, FebruLubbock, TX-based FirstBank & Trust (FB&T), a whollyowned subsidiary of Heartland Financial USA, Inc. **This press release from First Bank and Trust & Aim Bank**
0 kommentar(er)
