MINNESOTA BANK & TRUST PARENT COMPANY RECOGNIZED AS A FORBES BEST BANK IN AMERICA FOR 2018

EDINA, MN-- February 20, 2018 — Minnesota Bank & Trust, through its parent company, Heartland Financial USA, Inc. (NASDAQ:HTLF), has been named a “Forbes Best Bank 2018.”

In its annual review of the largest publicly traded banks and thrifts, Forbes ranked Heartland 60th among a nationwide group of 100 leading banking organizations with assets ranging from $9 billion to over $2 trillion.

“We are proud to be named among the Best Banks in America for 2018,” said Steve Ward, Interim President at Minnesota Bank & Trust. “As a community bank, what sets us apart is our strong commitment to our customers, combined with access to ‘big-bank’ products and services as part of Heartland.”

“The Forbes ranking underscores the benefits of our unique structure—the strength and capabilities of a big bank, combined with the personal touch and local decision-making of a community bank,” Ward said.

To compile the rankings, Forbes used data collected by SNL Financial through the third quarter of 2017 on the country’s largest publicly traded banks and thrifts. The data covered ten metrics of financial health: return on average equity; net interest margin; nonperforming loans (NPLs) as a percentage of loans; nonperforming assets as percentage of assets; reserves as a percentage of NPLs; two capital ratios (Tier 1 and risk-based); and leverage ratio. Forbes generated its ranking based on an average of the individual ranks of each metric.

News MINNESOTA BANK & TRUST PARENT COMPANY RECOGNIZED AS A FORBES BEST BANK IN AMERICA FOR 2018