Arizona Bank & Trust to acquire Johnson Bank’s Arizona branches.

Arizona Bank & Trust, a wholly-owned subsidiary of Heartland, a full-service commercial bank with assets of more than $866m, agreed to acquire Johnson Bank’s Arizona operations from Johnson Financial Group, a privately owned financial services company. Financial terms were not disclosed. “Johnson Bank’s four office locations will be a natural fit with the geographic footprint and culture of Arizona Bank & Trust, and we look forward to growing our relationships in the Phoenix market. We extend a warm welcome to Johnson Bank’s Arizona customers and employees to our organization. The leadership teams of the two institutions will be integrally working together to preserve our commitment to a quality customer experience,” Bruce Lee, Heartland President and CEO.