![]() 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.įB&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. 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. 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 combined bank will operate under the name FirstBank & Trust. Tennessee-based First Horizon and Lafayette, LA-based IBERIABANK created the combined entity with 79 billion in assets, 60 billion in deposits and 58 billion in loans, as of. The leadership teams of our two institutions will be integrally working together to enhance our commitment to a quality customer experience. Immediately following the closing of the merger of AIM with and into AimBank, AimBank was merged with and into FB&T. “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. The bank will have access to the time tested mortgage origination and loan servicing processes of HDFC. ![]() The combined bank will operate under the FirstBank & Trust brand. The merger will benefit the shareholders of both HDFC and HDFC Bank as follows: Lower cost of funds will be made available for the mortgage business. The combination of FB&T and AimBank will create Heartland’s largest bank subsidiary with assets of almost $3 billion and 33 banking centers. Lubbock, TX-based FirstBank & Trust, a wholly owned subsidiary of Heartland Financial USA, and Levelland, TX-based AimBank, a wholly-owned subsidiary of AIM Bancshares, have entered into a definitive merger agreement.įollowing the merger, ABI will be acquired by Heartland.
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