Upon completion of the merger of ABI with and into Heartland, AimBank will merge with and into Heartland’s existing Lubbock, TX-based subsidiary, FirstBank & Trust (“FB&T”), which had approximately $1.14 billion in total assets as of Decemand operates eight full-service banking centers in West Texas.

AimBank also has six full-service banking centers in Northeastern New Mexico. The bank serves Lubbock, Midland-Odessa, Amarillo, Abilene and other surrounding West Texas communities from 19 full-service banking centers. The actual transaction value will change due to fluctuations in the price of Heartland common stock and is subject to certain potential adjustments as set forth in the merger agreement.ĪimBank is a full-service community bank, headquartered in Levelland, TX 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. The acquisition marks Heartland’s 17th acquisition since 2012.īased on Heartland’s closing common stock price of $49.88 per share on February 10, 2020, the stock and cash transaction is valued at approximately $280.4 million, or $11,010.16 per share of ABI common stock (including the consideration to be paid in exchange for the termination of ABI stock options), subject to certain adjustments. (“ABI”), are pleased to announce they have entered into a definitive merger agreement pursuant to which Heartland will acquire ABI and its wholly owned subsidiary, AimBank.

(“Heartland”) (NASDAQ: HTLF) and Levelland, TX-based AIM Bancshares, Inc. 11, 2020 (GLOBE NEWSWIRE) - Dubuque, IA-based Heartland Financial USA, Inc.

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