FirstBank & Trust to acquire AimBank for $280m.

FirstBank & Trust, a community and commercial bank, agreed to acquire AimBank, a provider of personal and business banking services, for $280m. The transaction is subject to approval by federal and state bank regulators and to customary closing conditions. The transaction is expected to close early in the third quarter of 2020. “We at FirstBank & Trust are extremely excited about the opportunity to join forces with AimBank. We have immense respect for Scott Wade and his team of talented bankers. The leadership teams of our two institutions will be integrally working together to enhance our commitment to a quality customer experience. We are very fortunate to be combining two talented teams of local commercial banking professionals and staff with an excellent knowledge of the communities and the clients they serve,” Barry H. Orr, FB&T Chairman and Chief Executive Officer.