Heartland Financial USA, Inc. Names Duane E. White to Board of Directors


Heartland Financial USA, Inc. Names Duane E. White to Board of Directors

DUBUQUE, Iowa--(BUSINESS WIRE)-- Heartland Financial USA, Inc. (Nasdaq: HTLF) a $4.9 billion diversified financial services company, announced the election of Duane E. White to the company's Board of Directors.

Duane White (Photo: Steve Silverman Imaging)
Duane White (Photo: Steve Silverman Imaging)

Duane White (Photo: Steve Silverman Imaging)

Lynn B. Fuller, Chairman, President and CEO of Heartland said, "We are extremely pleased to welcome Duane to our Board of Directors. He brings an impressive understanding of the financial services industry along with background in regulatory supervision. His unique insights will be invaluable as Heartland implements its long term plans for balanced growth and profit.

"Duane's experience demonstrates a proven executive leadership track record that includes oversight of sales, operations, technology, human resources, legal functions and merger and acquisition activities. We are confident he will contribute a broad range of practical knowledge to the Board and its Compensation Committee."

White, 57, is a founding director and investor in Minnesota Bank & Trust in Edina, MN, a Heartland subsidiary established in 2008 with current assets of $127 million.

Currently, White is a partner at Aveus, a management consulting firm in St. Paul, Minnesota. In his role, Mr. White provides executive level consulting to a variety of firms, focusing on improving performance and enhancing shareholder value with a particular focus on the financial services and health care industries.

Prior to joining Aveus, he served as Managing Director at Polihua Holdings LLC, a consulting firm working with companies in the financial services and healthcare industries. Through his position with Polihua Holdings, Mr. White served as a consultant to Total System Services, Inc. ("TSYS"), leading TSYS's healthcare initiatives, eventually joining the company as President of TSYS's healthcare division.

White's previous positions include Chief Operating Officer for Exante Financial Services, a financial services start-up company within UnitedHealth Group, Director of the specialty finance group at Marquette Financial Companies, Executive Vice President of corporate services at Arcadia Financial Ltd. and President of the mortgage subsidiary of First Bank System (now US Bancorp). He began his career working for the Office of the Comptroller of the Currency (OCC) as an examiner and participated in the regulatory supervision of problem banks as the Assistant to the Regional Director of Special Projects.

Mr. White received an undergraduate degree from the University of Wisconsin — Eau Claire and an M.B.A. from Harvard University.

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.

Photos/Multimedia Gallery Available:http://www.businesswire.com/multimedia/home/20130523006105/en/

Heartland Financial USA, Inc.
John K. Schmidt, 563-589-1994
Chief Operating Officer
Chief Financial Officer

KEYWORDS: United States North America Iowa


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