AimBank Acquisition of Platinum Bank
April 1, 2018
AIM Bancshares, Inc., has completed its acquisition of Platinum Banchares of Texas, Inc. and its wholly-owned subsidiary, Platinum Bank. The Platinum Bank acquisition provides a great value for their shareholders, expanded opportunities for their employees, and enhances the services for their customers.
Commerce Street Capital, LLC acted as financial advisor to Platinum Bancshares of Texas, Inc.
AimBank is a $1.09 billion bank established on September 19, 1925 in Littlefield, Texas. AimBank has become one of the largest banks locally owned and operated in West Texas. AIMBank currently maintains 18 full-service locations in the Panhandle, South Plains, Permian Basin and Big Country regions of Texas.
Platinum Bank is a $219.3 million bank based in Lubbock, Texas and established in 2007. Platinum Bank currently has locations in Levelland, Lubbock and Odessa, Texas.