DUBUQUE, Iowa — March 24, 2023 – Dubuque Bank and Trust (DB&T), a division of HTLF (Heartland Financial USA, Inc., NASDAQ: HTLF) named Drew Townsend President and CEO.
Townsend recently returned to DB&T and brings a wealth of knowledge in commercial banking and risk management. He has a long history with HTLF and our banks, working for the organization for nearly 30 years. During this time, Townsend has served in various leadership roles including President and CEO for Galena State Bank, Chief Credit Officer for HTLF, and Head of Commercial for FirstBank & Trust in Texas and DB&T, respectively.
“Drew’s appointment advances DB&T’s strategic vision,” said Bruce K. Lee, HTLF President and CEO. “We are excited by the knowledge, passion, and dedication he brings to the role, and will continue to deliver Strength, Insight and Growth to our customers and community.”
It’s important to note this leadership change is being done in the normal course of business and is not related to volatility across the broader banking industry. DB&T is in a strong financial position, with a robust balance sheet, ample liquidity, and serves customers from across a diverse line of businesses.