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**

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