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Stock impact report

Heartland Financial USA, Inc. processing $1.5B in Paycheck Protection Program Loans

Heartland Financial USA, Inc. (HTLF) 
Last heartland financial usa, inc. earnings: 4/27 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: htlf.com
Company Research Source: GlobeNewswire
DUBUQUE, Iowa, April 07, 2020 (GLOBE NEWSWIRE) -- “We are currently processing approximately $1.5B in Paycheck Protection Program loans,” said Bruce K Lee, President and CEO of Heartland Financial USA, Inc. After receiving over 7,000 requests for loans under the CARES Act Paycheck Protection Program in 72 hours, the 11 community banks operated by Heartland, stopped accepting new requests for the program on Monday afternoon. Lee stated, “Our customers and communities are depending on us now more than ever, and our teams across the company have stepped up and worked around the clock to provide a lifeline to our customers as they navigate the provisions of the CARES Act.” Unlike many banks across the country, Heartland’s 11 community banks, located in small towns and big cities from Minnesota to California, began accepting applications for the Paycheck Protection Program early on Friday morning just hours after the SBA published interim rules for participation. “We had been closing mo Show less Read more
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