Bailout Bank Bio: Heartland Financial

May 27, 2009 | 2 min read | Print Article

Heartland Financial USA, Inc. (Heartland) is a multi-bank holding company, having 10 bank subsidiaries in the states of Iowa, Illinois, Wisconsin, New Mexico, Arizona, Montana, Colorado and Minnesota, (collectively, the Bank Subsidiaries). All 10 Bank Subsidiaries are members of the Federal Deposit Insurance Corporation (FDIC).The Bank Subsidiaries operate a total of 59 banking locations. All of Heartland’s subsidiaries are wholly owned, except for Summit Bank & Trust, of which Heartland owned 82% of the capital stock as of December 31, 2008, and Minnesota Bank & Trust, of which Heartland owned 80% of the capital stock as of December 31, 2008. The company was founded in 1993 and is headquartered in Dubuque, Iowa.

In December the company announced it would participate in the Treasury Department’s Capital Purchase Program. Under the program the company received $81.7 million in exchange for preferred stock.

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Bailout Bank Bio: Heartland Financial


Federal Equity Investment	$81.7 million
Total Revenue	$240.1 million (2008) $247.6 million (2007)
Net Income	$11.3 million (2008) $25.6 million (2007)
Number of Employees	1,011
Corporate Headquarters	Dubuque, Iowa
Business Sector	Bank
Officers and Directors	Fuller, Lynn, Chairman of the Board, President, Chief Executive Officer Other Officers and Directors
Corporate Website	https://www.htlf.com
Executive Compensation	Heartland Financial