Heartland Financial USA, Inc. (NASDAQ: HTLF) announced today that David L. Horstmann has been named Executive Vice President and Interim Chief Financial Officer for the company and that Janet M. Quick has been promoted to the position of Deputy Chief Financial Officer. Horstmann’s appointment is effective upon the departure of current CFO, John K. Schmidt, in mid-July 2013; Quick’s promotion is effective immediately. Horstmann, 63, joined Heartland in 2004 as Senior Vice President – Finance. His background includes 23 years in bank finance and treasury leadership positions. Horstmann was a founding director, executive vice president and chief financial officer of Premier Bank in Dubuque, Iowa. His previous experience also includes various executive and financial positions with Mercantile Bank of Eastern Iowa, Mercantile Bank, FSB of Davenport, Iowa, Harvest Savings Bank of Dubuque, Iowa and Wartburg Theological Seminary in Dubuque, Iowa. A Certified Public Accountant (inactive), Horstmann is a graduate of the University of Dubuque with a bachelor’s degree in Business Administration and The Graduate School of Financial Institution Management at the University of Texas. A Dubuque native, his community commitments include Hospice of Dubuque, Wartburg Theological Seminary, Project Concern, The Salvation Army and Mt. Pleasant Home. Janet Quick, 48, joined Heartland in 1994 as audit manager and has served in various financial positions within Heartland. A senior vice president, she was named Chief Accounting Officer in 2005 and continues in that role. Quick began her career in 1987 as an auditor with Deloitte & Touche and joined Hawkeye Banks in 1990 where she served in the corporate accounting area. A native of Manilla, Iowa, Quick holds a bachelor’s degree in business administration from Iowa State University where she majored in Accounting. She has maintained her Certified Public Accountant certification since 1987 and is a member of the Iowa Society of Certified Public Accountants. She also holds a degree in Bank Management from the Graduate School of Banking at the University of Wisconsin, Madison. Quick’s community activities include St. Mark’s Community Center where she serves as treasurer and the United Way where she has participated on the budget committee.
About Heartland Financial USA, Inc.Heartland Financial USA, Inc., one of Forbes 2013 “Best Banks in America,” is a $4.9 billion diversified financial services company providing banking, mortgage, wealth management, investment, insurance and consumer finance services to individuals and businesses. Heartland currently has 68 banking locations in 46 communities in Iowa, Illinois, Wisconsin, New Mexico, Arizona, Montana, Colorado and Minnesota and loan production offices in California, Nevada, Wyoming, Idaho and North Dakota. Additional information about Heartland Financial USA, Inc. is available at www.htlf.com. Safe Harbor Statement This release, and future oral and written statements of Heartland and its management, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 about Heartland's financial condition, results of operations, plans, objectives, future performance and business. Although these forward-looking statements are based upon the beliefs, expectations and assumptions of Heartland's management, there are a number of factors, many of which are beyond the ability of management to control or predict, that could cause actual results to differ materially from those in its forward-looking statements. These factors, which are detailed in the risk factors included in Heartland's Annual Report on Form 10-K filed with the Securities and Exchange Commission, include, among others: (i) the strength of the local and national economy; (ii) the economic impact of past and any future terrorist threats and attacks and any acts of war, (iii) changes in state and federal laws, regulations and governmental policies concerning the Company's general business; (iv) changes in interest rates and prepayment rates of the Company's assets; (v) increased competition in the financial services sector and the inability to attract new customers; (vi) changes in technology and the ability to develop and maintain secure and reliable electronic systems; (vii) the potential impact of acquisitions, (viii) the loss of key executives or employees; (ix) changes in consumer spending; (x) unexpected outcomes of existing or new litigation involving the Company; and (xii) changes in accounting policies and practices. All statements in this release, including forward-looking statements, speak only as of the date they are made, and Heartland undertakes no obligation to update any statement in light of new information or future events.