Texas bank to acquire FNB New Mexico
July 24, 2019
Texas-based AimBank is acquiring FNB New Mexico, including its banks in Tucumcari and Logan.
AimBank announced in a news release earlier this month it had “entered into a definite agreement” to acquire FNB New Mexico, which also has banks in Santa Rosa, Clayton and Dalhart, Texas, and $254 million in total assets.
AimBank owns 18 banks primarily in West Texas and the Texas Panhandle, with $1.4 billion in assets.
Garrett Baker, senior vice president at FNB New Mexico, stated in an email Wednesday the merger would lead to no job losses for his company.
Baker also stated the AimBank merger also would offer “a little wider variety of products” for FNB New Mexico customers.
“There will be a transition period for the customers getting new checks and debit cards, and their routing number will change,” Baker wrote.
He stated a conversion team would help try to smooth the transition.