M&A Deal Summary

HTLF Acquires AimBank

On February 11, 2020, HTLF acquired financial services company AimBank for 280M USD

Acquisition Highlights
  • This is HTLF’s 15th transaction in the Financial Services sector.
  • This is HTLF’s largest (disclosed) transaction.
  • This is HTLF’s 15th transaction in the United States.
  • This is HTLF’s 1st transaction in Texas.

M&A Deal Summary
Date 2020-02-11
Target AimBank
Sector Financial Services
Buyer(s) HTLF
Deal Type Add-on Acquisition
Deal Value 280M USD
Advisor(s) Hillworth LLC (Financial)
Fenimore, Kay, Harrison & Ford (Legal)

Target

AimBank

Levelland, Texas, United States
AIM Bancshares, Inc. is a full-service community bank, headquartered in Levelland, TX 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. The bank serves Lubbock, Midland-Odessa, Amarillo, Abilene and other surrounding West Texas communities from 19 full-service banking centers. AimBank also has six full-service banking centers in Northeastern New Mexico.

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Buyer(S) 1

Buyer

HTLF

Denver, Colorado, United States

website

Category Company
Founded 1981
Sector Financial Services
Revenue 580M USD (2023)
DESCRIPTION

HTLF is a diversified financial services company that provides banking, mortgage, wealth management, investment, insurance, and consumer finance services to individuals and businesses. Heartland currently has 86 banking locations in 63 communities. HTLF was founded in 1981 and is based in Denver, Colorado.

DEAL STATS #
Overall 15 of 15
Sector (Financial Services) 15 of 15
Type (Add-on Acquisition) 14 of 14
State (Texas) 1 of 1
Country (United States) 15 of 15
Year (2020) 1 of 1
Size (of disclosed) 1 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-13 Signature Bancshares

Sandy Springs, Georgia, United States

Signature Bancshares, Inc. is a provider of a full service banking services to business, professional and private clients. Signature Bancshares was founded in 2003 and is based in Minnetonka, MN.

Buy $53M
Mergr

Product

Company

Legal