PRESS RELEASE
FOR IMMEDIATE RELEASE
For more information, please contact:
Scott Wade
CEO of AimBank
806.894.2265
July 1, 2019- AimBank is proud to announce we have entered into a definitive agreement to acquire FNB New Mexico. Once the acquisition is finalized, AimBank is expected to have over $1.7 billion in total assets. FNB New Mexico currently has several locations in New Mexico including Angel Fire, Clayton, Logan, Raton, Santa Rosa, and Tucumcari and one location in Dalhart, TX with approximately $254 million in total assets. AimBank currently maintains 18 full-service locations in the Panhandle, South Plains, Permian Basin, and Big Country regions of Texas. This acquisition is instrumental in AimBank’s vision of expanding our footprint into Eastern New Mexico.
“This is a natural fit for AimBank and provides us an ample opportunity to serve more markets,” remarked Scott Wade, CEO of AimBank. “AimBank is committed to the growth in our communities by helping local businesses stay viable and strong. The FNB New Mexico acquisition provides a great value for our shareholders, expanded opportunities for our employees, and enhances the services for our customers.”
“We are pleased to join AimBank. The advantages of this expansion for our existing customers are exciting,” said Craig Reeves, CEO of FNB New Mexico. AimBank will bring technology enhancements, increased lending capabilities, and a wider trade area. AimBank also mirrors the same commitment of supporting our local communities as FNB New Mexico. I look forward to my new endeavor with AimBank serving as the North East New Mexico Regional President and joining AimBank’s Executive Management. ”
Upon completion of the acquisition, AimBank will continue to deliver the same superior customer service that our customers have come to expect. AimBank has seen continual growth, recently reaching over $1.4 billion in total assets. The recent growth speaks to our commitment to our customers and the communities we serve. AimBank will maintain a strong tradition of offering quality banking services with the latest technology for our ever-changing customer needs.
About AimBank
AimBank was originally chartered on September 19, 1925 as the First National Bank of Littlefield. Due to the perseverance on the part of its officers and staff, the bank withstood the Great Depression, a world war, and various booms and busts in the agriculture and energy markets. In 2003, the bank was converted to a state-chartered bank and ownership is now vested in AimBank employees and local investors. AimBank has continually grown and expanded our presence into several markets over the years, including Abilene, Amarillo, Farwell, Levelland, Littlefield, Lubbock, Miami, Midland, Muleshoe, Odessa, Pampa, Plains, Shamrock, Snyder, and Wolfforth with over $1.4 billion in total assets. For more information, log on to www.aimbankonline.com. Member FDIC
