Aim bank wolfforth tx1/11/2024 ![]() ![]() FB&T specializes in business lending and deposit services, and provides mortgage, private client, investment, treasury management, and card services to individuals and businesses in West Texas. FB&T operates seven banking locations serving the cities of Lubbock, Snyder, Colorado City, Tahoka, and surrounding communities. 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 bankers.”Īs a result of the merger, FB&T becomes Heartland’s largest bank subsidiary with assets of approximately $3 billion and 32 banking centers.Ĭustomers will continue to receive service through their respective AimBank branches, websites, mobile apps, personal bankers and relationship managers until systems are converted in February 2021.įB&T, a wholly-owned subsidiary of Heartland, is a community bank Headquartered in Lubbock, Texas, with assets of $1.3 billion as of September 30, 2020. Wade stated, “We at AimBank are extremely excited about the opportunity to join forces with the FirstBank&Trust team. ![]() Together, we will make great things happen for our customers and the communities we serve.” This combination presents us with the opportunity to integrate the best of both organizations and provide superior services as a combined bank. Orr said, “We are very excited to welcome the customers and employees of AimBank. Wade, Chairman, President and Chief Executive Officer of AimBank, has joined FB&T as Vice Chairman of the Board and President of FB&T’s South Division. Greg Garland, President of FirstBank & Trust, has assumed the role of President of FB&T’s North Division, and Scott L. Orr, Chairman and Chief Executive Officer will lead FB&T. The leadership teams from FB&T and AimBank will play critical roles in leading the new combined bank. The combined bank will operate under the name FirstBank & Trust. Immediately following the closing of the merger of AIM with and into AimBank, AimBank was merged with and into FB&T. (“AIM”), jointly announced that the banks completed their merger at the close of business on December 4, 2020. (“Heartland”) (NASDAQ: HTLF), and Levelland, Texas-based AimBank, a wholly-owned subsidiary of AIM Bancshares, Inc. Lubbock, Texas-based FirstBank & Trust (“FB&T”), a wholly-owned subsidiary of Heartland Financial USA, Inc. 74.LUBBOCK, Texas (NEWS RELEASE) - The following is a news release from FirstBank & Trust and AimBank:.270.20%Noncurrent assets plus other real estate owned to assets.1.87%Loss allowance to noncurrent loans.4.27%Cash dividends to net income (YTD only).602.19%Credit loss provision to net charge-offs.9.29%Retained earnings to average equity (YTD only). ![]()
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