CHRISTOPHER HYLEN JOINS HEARTLAND BOARD OF DIRECTORS

Rhea-AI Summary

Heartland Financial USA announced that Christopher S. Hylen will join its Board of Directors as an independent director. Hylen, who has over 25 years of experience in technology and financial services, previously served as CEO of Reltio and Imperva, enhancing customer experiences through innovative solutions. Heartland, with assets around $15.6 billion, aims to leverage his expertise to improve strategies and stakeholder value. The company operates 113 banking locations across 10 states, offering diversified financial services.

Positive

• Christopher Hylen brings over 25 years of technology and business leadership experience.
• His background includes significant roles at Reltio and Imperva, indicating strong technological leadership.
• Hylen's appointment is expected to enhance client experiences and shareholder value.

Negative

• Concerns may arise regarding continuity and the experience gap from the previous director.

Dubuque, IA, Dec. 14, 2020 (GLOBE NEWSWIRE) -- DUBUQUE, IA – Heartland Financial USA, Inc. (“Heartland”), a diversified financial services company with 11 community banks in the Midwest, Southwest and Western United States, announced that Christopher S. Hylen will serve as an independent director on the Heartland Board of Directors.

“With more than 25 years of technology and business leadership experience, Chris is a high-caliber executive who brings a special depth of knowledge and perspective to the Heartland Board of Directors,” commented Lynn B. Fuller, Executive Operating Chairman. “We will benefit from his executive-level leadership, his vast experience in using technology to enable extraordinary client experiences and his laser focus on delivering value to clients and shareholders,” added Fuller.

Christopher Hylen is an experienced technology and financial services executive. Chris serves as Chief Executive Officer and a member of the Board of Directors at Reltio, Inc. a software as a serve company with the only cloud-native master data management platform. Reltio is on a mission to enable digital transformation by delivering a single source of truth for enterprise data. Previously, Chris served as Chief Executive Officer of Imperva, a leading cybersecurity company, where he led the growth of the company and spearheaded its acquisition by Thoma Bravo. Before joining Imperva, Chris served on the Board of Directors for ADT Security and has held leadership roles at Citrix, Intuit and American Express.

“I am delighted to welcome Chris to Heartland’s Board of Directors. Chris is a proven strategic leader and is experienced in navigating the rapidly evolving digital landscape. His business acumen, technological prowess and passion for delivering extraordinary customer experiences and contributing to the community make him an outstanding addition to the Heartland Board.” concluded Fuller.

About Heartland Financial
Heartland Financial USA, Inc. is a diversified financial services company with assets of approximately $15.6 billion as of September 30, 2020. Heartland provides banking, mortgage, private client, investment, treasury management, card, insurance and consumer finance services to individuals and businesses. As of September 30, 2020, Heartland had 113 banking locations serving 82 communities in Iowa, Illinois, Wisconsin, New Mexico, Arizona, Montana, Colorado, Minnesota, Kansas, Missouri, Texas and California. 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 in Heartland’s Annual Report on Form 10-K filed with the Securities and Exchange Commission, include, among others: (i) the continuation of the COVID-19 pandemic and the measures intended to curtail the spread of COVID-19; (ii) the strength of the local and national economy; (iii) the economic impact of past and any future terrorist threats and attacks and any acts of war, (iv) changes in state and federal laws, regulations and governmental policies as they impact the company’s general business; (v) changes in interest rates and prepayment rates of the company’s assets; (vi) increased competition in the financial services sector and the inability to attract new customers; (vii) changes in technology and the ability to develop and maintain secure and reliable electronic systems; (viii) the potential impact of acquisitions and the company’s ability to successfully integrate acquired banks; (ix) the loss of key executives or employees; (x) changes in consumer spending; (xi) 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. # # #

Contact
EVP, Chief Marketing Officer
Laura J. Hughes
lhughes@htlf.com
(563) 589-2148

FAQ

Who is the new independent director of Heartland Financial USA?

Christopher S. Hylen, an executive with over 25 years of experience in technology and financial services, is the new independent director.

What experience does Christopher Hylen bring to Heartland Financial USA?

Hylen has extensive experience in technology leadership, having served as CEO of Reltio and Imperva, which suggests strong capabilities in strategic technology implementation.

How many banking locations does Heartland Financial USA operate?

Heartland Financial USA operates 113 banking locations across 10 states.

What is Heartland Financial USA's asset size?

As of September 30, 2020, Heartland Financial USA has assets totaling approximately $15.6 billion.

What impact may Hylen's appointment have on Heartland Financial USA?

Hylen's experience in technology and business leadership is expected to enhance client experiences and shareholder value at Heartland.