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Premier Valley Bank Names Lo B. Nestman President

1178 Days ago

FRESNO, Calif., April 15, 2019 (GLOBE NEWSWIRE) -- Lo B. Nestman has been named President of Premier Valley Bank (PVB), a subsidiary of Heartland Financial USA, Inc., effective April 15, 2019.

Nestman brings nearly two decades of banking leadership experience to the Premier Valley Bank executive team.  Most recently, he served as Region president for Wasatch Bank, a division of Zion’s First National Bank in Utah. Throughout his career, he has held positions of increasing responsibility across commercial and retail banking and has delivered outstanding performance.

"We are very pleased to have someone with Lo’s extensive banking experience join our company,” said Kevin Quinn, Regional President for Heartland Financial USA, Inc. “We are confident in his ability to continue PVB’s dedication to our customers and the communities we serve. His extensive background in banking and the success he’s earned in every area of the industry, will make him a tremendous asset to Premier Valley Bank.”

“It is a privilege to serve as President of Premier Valley Bank. I look forward to contributing to the success and vibrancy of the markets we serve and leading our associates to provide the finest community banking experience to commercial and consumer customers in each of our markets.” said Nestman.

Nestman is a graduate of the University of Utah in Salt Lake City, the ABA Stonier National Graduate School of Banking, The Wharton School and Isenberg School of Management. His community involvement includes Habitat for Humanity, Utah Valley Chamber of Commerce, U.S. Ski and Snowboard Association, Kimball Center for the Arts, and other community organizations.

About Premier Valley Bank

Premier Valley Bank, a member of Heartland Financial USA, Inc., (NASDAQ: HTLF), is a community bank with assets of more than $850 million. Premier Valley Bank offers a wide array of deposit, loan and private client services from locations in Fresno, Oakhurst, Mariposa, Groveland, San Luis Obispo, Paso Robles and Morro Bay. For more information, visit www.premiervalleybank.com or call 877.280.1863. Premier Valley Bank is a member of the FDIC and an Equal Housing Lender.

About Heartland Financial USA, Inc.

Heartland is a diversified financial services company with assets of approximately $11.3 billion. The Company provides banking, mortgage, private client, investment, treasury management, card services, insurance, and consumer finance services to individuals and businesses. Heartland currently has 118 banking locations serving 86 communities in Iowa, Illinois, Wisconsin, New Mexico, Arizona, Montana, Colorado, Minnesota, Kansas, Missouri, Texas and California. Additional information about Heartland 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 loss of key executives or employees; (viii) changes in consumer spending; (ix) unexpected results of acquisitions; (x) unexpected outcomes of existing or new litigation involving the Company; and (xi) 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.

Laura J. Hughes                                                                                                               
Executive Vice President                           
Chief Marketing Officer
Heartland Financial USA, Inc.
(563) 589-2148

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