New Mexico Bank & Trust, a wholly-owned subsidiary of Heartland Financial USA, Inc. (NASDAQ: HTLF), announced today that it completed its acquisition of FNB New Mexico at the close of business on Friday, February 19. FNB New Mexico is a wholly-owned subsidiary of FirstBank & Trust, headquartered in Lubbock, TX.
In connection with the closing, New Mexico Bank & Trust acquired six FNB New Mexico locations in New Mexico and assumed all deposits and liabilities of FNB New Mexico. They also acquired one branch from FirstBank & Trust located in Dalhart, Texas, assuming certain deposits and liabilities of FirstBank & Trust. The combination creates Heartland’s 3rd largest bank subsidiary with assets of approximately $2.35 billion and 24 banking centers operating under the New Mexico Bank & Trust brand.
“We are thrilled with the opportunity to serve customers of FNB New Mexico and our sister bank FirstBank & Trust, and are excited to welcome our new team members and associates to the New Mexico Bank & Trust family,” said Greg Leyendecker, President and CEO of New Mexico Bank & Trust. “This acquisition allows us to expand our branch footprint and continue to provide exceptional service to our clients and enrich our communities.”
With the completed acquisition, New Mexico Bank & Trust expanded its New Mexico operations to Angel Fire, Clayton, Logan, Raton, Santa Rosa and Tucumcari. They also now have a location in Dalhart, Texas.
About New Mexico Bank & Trust
New Mexico Bank & Trust, a subsidiary of Heartland Financial USA, Inc., (NASDAQ: HTLF), is a community bank with more than $2 billion in assets and operates 24 offices serving Central, Eastern, and Northern New Mexico. The bank specializes in business lending and deposit services, and provides a wide variety of personal credit and deposit services along with complete electronic banking programs. New Mexico Bank & Trust blends the intimacy and responsiveness of a community bank with the resources of a large financial services company. Visit www.nmb-t.com to learn more. New Mexico Bank & Trust is a member of the FDIC and an Equal Housing Lender.