NMBT CEO and President Greg Leyendecker
ALBUQUERQUE — New Mexico Bank & Trust (NMBT), a wholly-owned subsidiary of Heartland Financial USA, Inc. (NASDAQ: HTLF), announced Monday that it completed its acquisition of FNB New Mexico at the close of business Friday, Feb. 19.
FNB New Mexico is a wholly-owned subsidiary of FirstBank & Trust, headquartered in Lubbock, Texas.
In connection with the closing, NMBT 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,” NMB President/CEO Greg Leyendecker said. “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, NNMBT 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.