This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Heartland Promotes Drew Townsend To Corporate Credit Position

Heartland Financial USA, Inc. announced today that Andrew E. Townsend, president of the company’s Galena State Bank subsidiary has been promoted to the position of Executive Vice President, Deputy Chief Credit Officer for Heartland and will be located at its downtown Dubuque headquarters.

In his new position, Townsend will report to Executive Vice President and Chief Credit Officer, Kenneth J. Erickson, and will be primarily responsible for the oversight of Heartland’s various credit underwriting processes. He will also assume the supervision of a team of senior credit officers. His official start date at Heartland will be set after a successor has been named, which is expected to be near yearend 2012.

Townsend said, “I truly appreciate this opportunity to advance within the Heartland organization. My time here in Galena has been a wonderful experience and has provided me with a challenging career and personal growth opportunities. I am looking forward to bringing my customer service experience from Galena to the Heartland Credit Department.”

Lynn B. Fuller, chairman, president and chief executive officer said, “Drew will bring an exceptional awareness of customer relationships to his new position. He has been highly successful in his role as bank president in serving clients. I expect he will be equally effective in working with his new customers, the bankers who serve our clients at each of the Heartland subsidiary banks.”

A native of Britt, Iowa, Townsend began his career in 1988 as a bank examiner for the Iowa Division of Banking. He joined Dubuque Bank and Trust in 1993 as a loan review officer. He was selected to join Galena State Bank as executive vice president in 1996 as understudy to President Jerry Murdock in anticipation of Murdock’s retirement. In 2003, Townsend assumed the position of president and CEO of Galena State Bank and joined the bank’s board of directors.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.03 -2.90%
FB $117.52 7.90%
GOOG $691.20 -2.10%
TSLA $247.54 -1.60%
YHOO $36.58 -1.00%


Chart of I:DJI
DOW 17,830.76 -210.79 -1.17%
S&P 500 2,075.81 -19.34 -0.92%
NASDAQ 4,805.2910 -57.85 -1.19%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs