FOR IMMEDIATE RELEASE
CONTACT:
R. Greg Leyendecker
President and CEO
New Mexico Bank & Trust
(5050)830-8101
RLeyendecker@nmb-t.com
Scott L. Wade
Chairman and Chief Executive Officer
AimBank
(806) 894-2265
swade@aimbankonline.com
Levelland, Texas, February 11, 2020 — Levelland, TX-based AimBank, a wholly-owned subsidiary
of AIM Bancshares, Inc. (“ABI”), and parent company of FNB New Mexico announced that they have
entered into a definitive merger agreement pursuant to which ABI will be acquired by Heartland
Financial USA, Inc. (“Heartland”) (NASDAQ: HTLF)
At the time of the closing of the acquisition, FNB New Mexico, a division of AimBank, will merge into
Heartland. The transaction is subject to approval by federal and state bank regulators and to
customary closing conditions. The transaction is expected to close early in the third quarter of 2020.
A systems conversion planned for the fourth quarter of 2020 at which time FNB New Mexico will
merge their operations into Heartland’s New Mexico subsidiary, New Mexico Bank & Trust (NMBT).
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. FNB New
Mexico serves customers from six branch offices in Northeastern New Mexico, located in Angel Fire,
Clayton, Logan, Raton, Santa Rosa, and Tucumcari, New Mexico. AimBank 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. NMBT serves
commercial businesses, professionals and individuals from 17 offices in Central, Eastern and
Northern New Mexico.NMBT had approximately $1.76 billion in total assets as of December 31, 2019.
“We at New Mexico Bank & Trust are extremely excited about the opportunity to join forces with FNB
New Mexico, a division of AimBank,” said R. Greg Leyendecker, President and CEO of New Mexico
Bank & Trust. “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.”
“This merger provides great value for our customers as it strengthens our New Mexico locations as
they pace forward for years to come. We remain committed to providing our customers with local
bankers that can make local decisions,” said Scott L. Wade, Chairman and Chief Executive Officer of
AimBank. “We are passionate about our promise to provide the best service to our customers, and
are excited to become part of the Heartland Financial USA, Inc family.”
“We are pleased to be joining New Mexico Bank & Trust. The advantages of this expansion are very
appealing as it provides additional banking locations throughout New Mexico, making this a great
success for our customer base,” remarked Craig Reeves, North East New Mexico Regional President
for FNB New Mexico, a Division of AimBank. “New Mexico Bank & Trust mirrors the same level of
commitment to providing excellent customer service and supporting our local communities.”
Leyendecker, concluded, “We are increasing our presence and adding scale with a solid and
experienced team dedicated to client service and success. We extend a warm welcome to the FNB
New Mexico customers and employees.”
About New Mexico & Trust
New Mexico Bank & Trust, a wholly-owned subsidiary of Heartland, is a community bank
Headquartered in Albuquerque, NM, with more than $1.7 billion in assets. NMBT operates 17 banking
locations serving Central, Eastern and Northern New Mexico. They specialize in business lending and
deposit services, and provides private client, investment, treasury management, card services, and
complete electronic banking programs to individuals and businesses. The company was founded in
1998. Additional information about New Mexico Bank & Trust is available at www.NMB-T.com.
NMBT is a member of the FDIC and an Equal Housing Lender.
About AimBank
AimBank, a wholly-owned subsidiary of AIM Bancshares, Inc., was originally chartered on September
19, 1925 as the First National Bank of Littlefield. In 2003, a group of bankers and investors purchased
the Bank, renaming it “AimBank” and converting from a national chartered bank to a state-chartered
bank. AimBank has continually grown from $13 million in assets in 2003 when current ownership
took over, to approximately $1.8 billion in assets 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 businesses and individuals. For more information, visit
www.aim.bank. Member FDIC.
About Heartland Financial USA, Inc.
Heartland Financial USA, Inc. is a diversified financial services holding company with assets of
approximately $13.2 billion. The company provides banking, mortgage, private client, investment,
treasury management, card services, insurance and consumer finance services to individuals and
businesses. Heartland currently has 115 banking locations serving 84 communities in Iowa, Illinois,
Wisconsin, New Mexico, Arizona, Montana, Colorado, Minnesota, Kansas, Missouri, Texas and
California. Additional information about Heartland Financial USA, Inc. is available at www.htlf.com.
* * * * *
Forward-Looking Statements
This release, and future oral and written statements of Heartland, FB&T and AimBank and their
management, may contain forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995 about FB&T’s acquisition of AimBank. These forward-looking
statements may include statements about the benefits of the transaction, including anticipated future
results, cost savings and accretion to earnings. Risks relating to the acquisition include the following:
the businesses of AimBank and FB&T may not be combined successfully, or such combination may
take longer than expected; the cost savings from the acquisition may be less than anticipated; credit
and interest rate risks of AimBank may be greater than anticipated; and various difficulties
associated with achieving the anticipated future financial results of FB&T after the transaction may
occur.
In addition, this release, and future oral and written statements of Heartland and its management,
may contain forward-looking statements within the meaning of the Private Securities Litigation
Reform Act of 1995 about Heartland’s and ABI’s financial condition, results of operations, plans,
objectives, future performance and business. Although these forward-looking statements are based
upon the beliefs, expectations and assumptions of Heartland’s & ABI’s management, there are a
number of factors, many of which are beyond the ability of management to control or predict, that
could cause actual results to differ materially from those in its forward-looking statements. These
factors, which are detailed in the risk factors in Heartland’s Annual Report on Form 10-K filed with
the Securities and Exchange Commission, contained, among others: (i) the strength of the local and
national economy; (ii) the economic impact of past and any future terrorist threats and attacks and
any acts of war; (iii) changes in state and federal laws, regulations and governmental policies as they
impact the company’s general business; (iv) changes in interest rates and prepayment rates of the
company’s assets; (v) increased competition in the financial services sector and the inability to
attract new clients; (vi) changes in technology and the ability to develop and maintain secure and
reliable electronic systems; (vii) the potential impact of acquisitions and Heartland’s ability to
successfully integrate acquired banks; (viii) the loss of key executives or employees; (ix) changes in
consumer spending; (x) unexpected outcomes of existing or new litigation involving the company;
and (xi) changes in accounting policies and practices. All statements in this release, including
forward-looking statements, speak only as of the date they are made, and Heartland & ABI undertake
no obligation to update any statement in light of new information or future events.
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