In a move to increase available office space for its expanding operations, approximately 90 Heartland Financial USA, Inc. employees in Dubuque will relocate from two Dubuque locations to the third floor of the historic downtown Roshek Building. The move is contingent on City Council approval of certain state-funded incentives and will take place later this year following site preparations.
A result of the company’s continued growth, office space has reached capacity at the Heartland Operations Center, its Asbury Road Loan Service Center and the DB&T main bank. Selected departments identified for the move include: Loan Operations, Credit Administration, Mortgage Servicing, Small Business Lending, Retail Collections, Retail Underwriting, and Appraisal Review.
Company officials anticipate the creation of 50 more new jobs over the next three years. The Heartland positions will be added to various support departments that provide service to Heartland’s nine subsidiary banks, including its flagship bank, Dubuque Bank & Trust Company (DB&T).
“We evaluated several alternatives to accommodate our current and anticipated growth,” said John Schmidt, Heartland’s chief operating officer and chief financial officer. “Currently with an employment base of over 450 here in Dubuque, we expect to top 500 sometime in the next couple of years. The Roshek Building option allows us to keep these employees downtown and closer to our core operations.
“This expansion and move will help us to increase the loan processing capacity for our subsidiary banks and the customers they serve. The movement of our Dubuque employees is a domino effect: employees at Heartland will move to the Roshek Building, opening space for moves within both our Operations Center and the DB&T main bank offices.
“Given Heartland’s broad geographic footprint, we are provided with a variety of alternative locations to support our growing human capital needs. However, because our roots are here and in consideration of the availability of a quality workforce, we have elected to continue to expand our presence in Dubuque. We're proud to be supportive of the downtown community and historic preservation,” concluded Schmidt.