AimBank announces acquisition plan of Platinum Bank

Sponsored - AimBank is continuing to grow in West Texas.

On Tuesday it was announced that AimBank is acquiring Platinum Bank.

Platinum Bank currently has locations in Levelland, Lubbock, and Odessa which allow AimBank to further expand in West Texas.

With this acquisition, AimBank is reportedly expected to have more than $1.3 billion in total assets.

“These are exciting times for AimBank as it provides us more opportunities to serve our communities,” remarked Scott Wade, CEO of AimBank. “AimBank is committed to the growth in our communities through helping local businesses stay viable and strong. The Platinum Bank acquisition provides a great value for our shareholders, expanded opportunities for our employees, and enhances the services for our customers.”

As of right now AimBank maintains 18 full-service locations in the Panhandle, South Plains, Permian Basin, and Big Country regions of Texas.