Minnesota Bank & Trust Names Rhoades Interim President and CEO

EDINA, Minn., Jan. 11, 2017 -- Minnesota Bank & Trust (MBT) today announced the appointment of R. John Rhoades to the position of interim president and CEO. Rhoades assumes the role from Kate Kelly who has served in the role since 2007.

John Rhoades, Minnesota Bank & Trust interim president and CEO

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/9a7250b1-8943-44a3-b631-9c1b5e393a2c

Rhoades brings over 35 years commercial banking experience to the position, most recently serving as executive vice chairman of the board at Centennial Bank & Trust (a Heartland Financial USA, Inc. bank) in Denver, Colorado. He led Summit Bank & Trust as president and CEO from 2012-2016 and was with Wells Fargo for twenty years, including nine years as community bank president in Denver. Rhoades received his bachelor’s degree in business administration from the University of Nebraska-Lincoln and actively serves on the medical center and foundation boards for the Platte Valley Medical Center.

“We are pleased John accepted the interim role leading MBT,” said Steven Thul, Minnesota Bank & Trust Chairman. “He has experience working with our parent company, Heartland Financial USA, Inc., and a long, successful track record of exceptional client service. We have full confidence John is the right person to assist us through this transition while continuing to build our trusted client, community and employee relationships.”

About Minnesota Bank & Trust
Minnesota Bank & Trust, a subsidiary of Heartland Financial USA Inc., (NASDAQ:HTLF), is a full service bank with assets of more than $238 million. Founded in 2008, the bank is focused on providing commercial, private, nonprofit, and mortgage banking services. Visit www.mnbankandtrust.com or call 952.841.9300 to learn more. Minnesota Bank & Trust is a member of the FDIC and an Equal Housing Lender.

Colleen Petroff
952-829-8977