Mergers & AcquisitionsBy The Online Investor Staff, updated Wed., Feb. 26, 5:10 PM
|This Slide: #74 of 100|
Slide #74. Heartland Financial USA, Inc. — AIM Bancshares, Inc.
Heartland Financial USA, Inc. (NASDAQ:HTLF)
AIM Bancshares, Inc.
Dubuque, IA-based Heartland Financial USA, Inc. ("Heartland") (NASDAQ: HTLF) and Levelland, TX-based AIM Bancshares, Inc. ("ABI"), are pleased to announce they have entered into a definitive merger agreement pursuant to which Heartland will acquire ABI and its wholly owned subsidiary, AimBank. The acquisition marks Heartland's 17th acquisition since 2012.
Heartland Financial USA is a multi-bank holding company. Co. conducts a community banking business through chartered community banks (the Banks). The principal business of Co.'s Banks consist of making loans to and accepting deposits from businesses and individuals. Co.'s Banks provide commercial and retail banking in their communities. Co.'s lending and investment activities are funded primarily by core deposits. The Bank provide a range of commercial, small business and consumer banking services to businesses, including public sector and non-profit entities, and to individuals. Co.'s Banks provide deposit and credit offerings, along with treasury management and private client services.
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Hold (2.50 out of 4)
(ranked lower than approx. 82% of all stocks covered)
Based on Zacks ABR data;
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