Serving the High Plains
Serving the High Plains
New Mexico Bank & Trust, a wholly owned subsidiary of Heartland Financial USA Inc., announced last week it completed its acquisition of FNB New Mexico at the close of business on Feb. 19.
FNB New Mexico has Quay County locations in Tucumcari and Logan. It is a wholly-owned subsidiary of FirstBank & Trust, headquartered in Lubbock, Texas.
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. It also acquired a branch from FirstBank & Trust in Dalhart, Texas, assuming certain deposits and liabilities of FirstBank & Trust.
Shauna Shannon, marketing specialist for New Mexico Bank & Trust, said in an email to the Quay County Sun “there will be some changes” for FNB customers “but we’ve worked to help ensure a smooth transition.”
“FNB customers converted into similar checking and savings products with New Mexico Bank & Trust and have received new debit cards and checks,” Shannon wrote. “They have a new routing number, but very few account numbers had to change. As New Mexico Bank & Trust, they will have access to an expanded branch footprint and ATM network as well as additional products and services.
“For instance, there is more functionality with mobile and online banking, the ability to perform person to person transfers and opportunities to use new products, including consumer and small business credit cards, business debit cards, home equity lines of credit and ready reserve line of credit (overdraft protection).”
The combination creates Heartland’s third-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,” Greg Leyendecker, president and CEO of New Mexico Bank & Trust, stated in a news release.
With the completed acquisition, New Mexico Bank & Trust expanded its New Mexico operations to Angel Fire, Clayton, Logan, Raton, Santa Rosa and Tucumcari and a location in Dalhart.