![]() served as financial advisor to Heartland and Dorsey & Whitney LLP served as Heartland’s legal counsel. In connection with the transaction, Panoramic Capital Advisors, Inc. This combination brings together two strong community banks with similar cultures, builds further scale for Heartland in Texas and New Mexico, and will create additional value for our shareholders.” Lee, Heartland’s President and Chief Executive Officer, added, “We are excited to welcome the customers and employees of AimBank. The AimBank shareholders will receive approximately 5,185,000 shares of Heartland common stock and approximately $47.3 million in cash, subject to certain “hold-back” provisions of the merger agreement relating to the cash consideration.Īfter completing the acquisition of AimBank and the previously announced acquisition of Johnson Bank’s four Arizona branches, which also closed on December 4, 2020, Heartland has total assets of almost $18 billion with more than 140 full-service banking locations operating in 12 states.īruce K. “AimBank brings a strong team of experienced bankers, focused on providing exceptional customer service, which will expand and continue our success in the market.” Fuller, Executive Operating Chairman of Heartland. “We are excited to expand our presence in Texas and New Mexico,” said Lynn B. 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 combined bank will operate under the name FirstBank & Trust.ĪimBank is a full-service community bank with approximately $1.85 billion in total assets, $1.12 billion in total net loans outstanding and $1.60 billion in total deposits as of September 30, 2020. (“AIM”), headquartered in Levelland, Texas, at the close of business on December 4, 2020.ĪIM first merged into AimBank, and immediately thereafter, AimBank merged with and into FirstBank & Trust, Heartland’s wholly-owned subsidiary headquartered in Lubbock, Texas. (“Heartland”) (NASDAQ: HTLF) announced today the completion of its acquisition of AimBank, the wholly-owned subsidiary of holding company AIM Bancshares, Inc. 07, 2020 (GLOBE NEWSWIRE) - Heartland Financial USA, Inc. Moore passed away in 2021, but his legacy with American Bank of Commerce will live on forever.Īmerican Bank of Commerce ended 2021 with total assets of $1,482,814,876 and total deposits of $1,312,431,832.DUBUQUE, Iowa and LEVELLAND, Texas, Dec. Powell Thompson was named Vice Chairman of the Board, and James Arnold was elected President and Chief Executive Officer. Moore has served on the board since 2005 and assumed the role of Chairman of the Board from his father in January 2013. Moore-who led this family owned bank through fifty years of prosperous growth-retired and passed the leadership role to the next generation of Moore family, Dr. ![]() The key to the bank's success has been through thoughtful and sound decision making and the development of its leadership team. StabilityĪmerican Bank of Commerce remains consistently profitable and will celebrate its 60th Anniversary in 2022. The bank is proud to continue to extend its mortgage services with Mortgage Loan Originators serving Texas and Colorado offering Conventional, FHA and VA loan programs with competitive rates and fees. In February 2022, American Bank of Commerce merged Infinity Mortgage into the bank, and our mortgage division now operates under the dba ABC Bank Home Loans. ![]() American Insurance Partners is an independent insurance agency located in Georgetown, Texas and provides a broad range of insurance products and services from the finest insurance carriers. In June 2020, American Bank of Commerce expanded its services once again with the launch of American Insurance Partners, LLC. The bank is excited to now offer a full suite of mortgage products, programs, and resources to our valued customers. In March 2019, American Bank of Commerce purchased Infinity Mortgage Holdings, LLC as a wholly owned subsidiary of American Bank of Commerce. American Bank of Commerce now operates four banking centers in Lubbock, Texas, six banking centers in Austin, Texas, two in the Dallas area, one in Colorado Springs, and one in Pueblo, Colorado. Over the years, the bank has focused on healthy expansion and growth. ![]() Wolfforth State Bank changed its name to American Bank of Commerce at Wolfforth on June 1, 1972. In January 1963, Wolfforth State Bank moved from temporary facilities to its first home in downtown Wolfforth, Texas. The American Bank of Commerce first opened for business as Wolfforth State Bank on Septemwith James S. ![]()
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