Add-on Acquisition • Financial Services

HTLF Acquires AimBank

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

Acquisition Context

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.

Explore All 3084 Add-on Acquisition Financial Services Deals - Search the Database Free

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

Target Company

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.

Explore More Deals

Browse All 215,130 Deals

FILTER BY

Buyer Type (PE or Strategic)
Deal Size ($10M to $10B+)
Sector (60 Sectors)
Deal Type
Geography
& More

Search Free

Buyer Overview 1

Buyer

HTLF

Denver, Colorado, United States

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 Context for Buyer	#
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

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

Explore Related M&A Activity

Financial Services M&A - Add-on Acquisition M&A Deals - Texas M&A - United States M&A - 2020 M&A