Parent Company Of Summit Bank & Trust Recognized As A Forbes Best Bank In America For 2013

Summit Bank & Trust, through its parent company, Heartland Financial USA, Inc. (NASDAQ:HTLF), has been named a “ Forbes Best Bank 2013.”

In its annual review of the largest publicly traded banks and thrifts, Forbes ranked Heartland 39 th among a nationwide group of 100 leading banking organizations with assets ranging from $4.5 billion to over $2 trillion.

“We are proud to be named among the best banks in America for 2013,” said John Rhoades, President and CEO of Summit Bank & Trust. “As community banks, what sets us apart is our strong commitment to our customers, combined with access to ‘big-bank’ products and services as part of Heartland. The Forbes ranking underscores the benefits of our unique structure—the strength and capabilities of a big bank, combined with the personal touch and local decision-making of a community bank.”

To compile the rankings, Forbes used data collected by SNL Financial through the third quarter of 2012 on the country’s largest publicly traded banks and thrifts. The data covered eight metrics of financial health: return on average equity; net interest margin; nonperforming loans (NPLs) as a percentage of loans; nonperforming assets as percentage of assets; reserves as a percentage of NPLs; two capital ratios (Tier 1 and risk-based); and leverage ratio. Forbes generated its ranking based on an average of the individual ranks of each metric.

“We attribute our strong performance to our loyal and satisfied customers, our disciplined financial management and our employees,” said Rhoades.

In 2012, Heartland net income increased by 76 percent over 2011, with earnings per share growing by 122 percent. That strong shared success provides Summit Bank & Trust with an outstanding platform for continued growth.

About Summit Bank & Trust

Summit Bank & Trust, a subsidiary of Heartland Financial USA, Inc., (NASDAQ: HTLF), is a state chartered bank with more than $119 million in assets with offices in Broomfield, Larkridge and Erie. Summit Bank & Trust combines the convenience and service of a local bank with the latest technology to bring customers the best banking experience possible. It’s headquartered at 2002 E. Colton Road, Broomfield, Colo., 80027. The bank specializes in business lending and deposit services, and provides a wide variety of personal credit and deposit services along with complete electronic banking programs. Visit www.summitbt.com or call (303) 460-4700 for more information. Summit Bank & Trust is a member of the FDIC and an Equal Housing Lender.

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