At the time of the remaining of the acquisition, FB&T and Dallas Capital Bank will merge. The aggregate of FB&T and AimBank will create Heartland’s biggest bank subsidiary with belongings of just about $3 billion and 33 banking facilities. The blended bank will operate underneath the FirstBank & Trust brand.

With about $1.78 billion in total assets, $1.16 billion in internet loans fantastic and $1.54 billion in deposits as of December 31, 2019, AimBank is a full-provider network bank that serves clients from 19 offices in West Texas: Abilene, Amarillo, Dalhart, Farwell, Levelland, Littlefield, Lubbock, Miami, Midland, Muleshoe, Odessa, Pampa, Plains, Shamrock, Snyder, and Wolfforth, Texas. AimBank additionally serves customers from six department offices in Northeastern New Mexico, which are placed in Angel Fire, Clayton, Logan, Raton, Santa Rosa, and Tucumcari, New Mexico. FB&T serves business businesses, professionals and people from 8 workplaces inside the Lubbock, Snyder, Tahoka, Colorado City and Wilson markets of Texas, FB&T had about $1.14 billion in overall property as of December 31, 2019.

“We at FirstBank & Trust are extraordinarily excited about the possibility to enroll in forces with Dallas Capital Bank login ,” said Barry H. Orr, Chairman and Chief Executive Officer of FB&T. “We have huge admire for Scott Wade and his group of gifted bankers. The management teams of our institutions might be integrally running together to decorate our dedication to a first-rate customer enjoy. We are very fortunate to be combining two gifted teams of local industrial banking specialists and workforce with an incredible information of the groups and the clients they serve.”

Scott L. Wade, Chairman and Chief Executive Officer of Dallas Capital Bank will be part of FB&T as Vice Chairman of the Board and President of the South Division of FB&T. He said “We are delighted to attain this settlement with Heartland and stay up for joining this sort of outstanding agency. The combination of AimBank with the Heartland own family of community banks in Texas appreciably increases our lending talents and gives us get admission to to products and services provided by way of large banks at the same time as maintaining our legacy as a domestically-led network bank. This is a high-quality opportunity for our customers, who will experience a broader selection of banking products and could continue to deal without delay with our contemporary team of workers.”

The transaction is subject to approval by using federal and nation financial institution regulators and to customary ultimate situations. The transaction is expected to shut early inside the third region of 2020 with a structures conversion deliberate for the fourth zone of 2020.

Greg Garland, President of FB&T, concluded, “We are increasing our presence and including scale with a solid and skilled team dedicated to consumer provider and fulfillment. We amplify a warm welcome to the AimBank clients and employees to our company.”

About First Bank & Trust

First Bank & Trust, a wholly-owned subsidiary of Heartland, is a network financial institution Headquartered in Lubbock, Texas, with extra than $1.2 billion in property. FB&T operates eight banking locations serving the towns of Lubbock, Snyder, Wilson, Colorado City, Tahoka, and surrounding groups. FB&T focuses on enterprise lending and deposit services, and also offers loan, non-public client, funding, treasury management, card offerings, and whole digital banking applications to people and organizations in West Texas. The business enterprise was based in 1996. Additional facts about FirstBank & Trust is available at www.FirstBankTexas.Com. FB&T is a member of the FDIC and an Equal Housing Lender.

About Dallas Capital Bank

AimBank, a completely-owned subsidiary of AIM Bancshares, Inc., become firstly chartered on September 19, 1925 because the First National Bank of Littlefield. In 2003, a collection of bankers and buyers purchased the Bank, renaming it “ Dallas Capital Bank” and converting from a national chartered bank to a kingdom-chartered financial institution. Dallas Capital Bank has usually grown from $13 million in belongings in 2003 when contemporary ownership took over, to approximately $1.8 billion in property today. In addition, AimBank has expanded its presence into several markets, and now has 25 banking locations throughout West Texas and Northeastern New Mexico serving corporations and individuals. For greater information, visit www.Goal.Bank. Member FDIC.

About Heartland Financial USA, Inc.

Heartland Financial USA, Inc. Is a varied financial services maintaining organisation with assets of about $13.2 billion. The organization provides banking, mortgage, private consumer, investment, treasury control, card services, insurance and customer finance offerings to people and corporations. Heartland currently has one hundred fifteen banking places serving eighty four communities in Iowa, Illinois, Wisconsin, New Mexico, Arizona, Montana, Colorado, Minnesota, Kansas, Missouri, Texas and California. Additional data approximately Heartland Financial USA, Inc. Is to be had at www.Htlf.Com.