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. 74.**This press release from First Bank and Trust & Aim Bank**.
#Aim bank wolfforth tx plus#
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).3.12%Noninterest expense to earning assets.1.10%Noninterest income to earning assets.$1,406Income earned, not collected on loans.$0Noncurrent loans that are wholly or partially guaranteed by the U.S.$0Federal funds purchased & repurchase agreements.$200Federal funds sold & reverse repurchase agreements.$23,740Cash and due from depository institutions.70Total employees (full-time equivalent).Total assets: $299.1 mil Equity capital: $29.9 mil Deposits held in domestic offices: $267.1 mil Return on assets (ROA): 1.60% ($4.8 mil) Quarterly return on assets: 1.29% ($3.9 mil) Return on Equity (ROE): 17.67% ($5.3 mil) Quarterly return on equity: 12.59% ($3.8 mil) Net income: $4.3 mil Quarterly Net income: $0.9 mil Pretax return on assets: 1.60% ($4,784.9 mil) Quarterly Pretax return on assets: 1.29% ($3,857.8 mil).Address: 337 Phelps Avenue, Littlefield, TX 79339 County: Lamb Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Dallas FDIC Field Office: Lubbock Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: West.
(RSSDID: 3183959, Location: Levelland, TX) Date Established: SeptemWWW: Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 7 (Domestic: 7, Interstate: No) FDIC's unique #: 2140 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: Yes Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: JanuLast Structure Change Effective Date: JanuLast Structure Change Process Date: JanuLast Data Update: JanuData Source Date: April 05, 2012
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