DB&T and Heartland Financial, USA, Inc. Contribute $200,000 locally to Disaster Recovery Fund for COVID-19 Relief
DUBUQUE, Iowa (April 15, 2020) – Dubuque Bank and Trust and Heartland Financial USA, Inc. (NASDAQ: HTLF) announced today they will commit $200,000 to the Greater Dubuque Disaster Recovery Fund for COVID-19 relief efforts. As a local community bank and Dubuque-based holding company, DB&T and Heartland will provide a $1 to $1 challenge match to the Disaster Recovery Fund up to $200,000 at the Community Foundation of Greater Dubuque to pledge their support and encourage Dubuque-area residents to continue contributing to this worthy cause.
Heartland and its 11 member banks, including DB&T, announced contributions totaling $1.2 million to support nonprofit organizations in our communities that are leading the response to COVID-19.
“This is an unprecedented time for businesses and families in the Greater Dubuque area,” expressed Tut Fuller, President and CEO of Dubuque Bank and Trust. “Our employees, clients, and community continue to come together to help one another during this crisis and we want to continue to help.”
Bruce Lee, President and CEO of Heartland added, “We are fortunate to live and work in Dubuque. On behalf of our amazing team at Dubuque Bank and Trust and Heartland, I am proud to support this important relief effort and invite our community to participate.”
With over $300,000 in funds already granted to local non-profits as of April 13 by the Community Foundation of Greater Dubuque, this substantial donation from DB&T/Heartland combined with matching dollars will allow additional resources to meet evolving needs related to COVID-19 in our community.
“This substantial gift from Dubuque Bank and Trust and Heartland Financial, USA Inc. will have a significant impact on our community,” said Nancy Van Milligen, President and CEO of the Community Foundation of Greater Dubuque. “We are granting funds to organizations responding on the front lines of this crisis, and this gift will enable ongoing assistance for vulnerable groups during this time of uncertainty.”
Beginning today, April 15, all donations to the Greater Dubuque Disaster Recovery Fund will be matched $1 to $1 up to $200,000 by DB&T and Heartland. Community members are encouraged to contribute at dbqfoundation.org/drf.
Banking Client Relief Actions
Since the beginning of the crisis, Dubuque Bank and Trust has enacted a multitude of programs aimed at providing financial relief for consumer, small business, and commercial clients. As an SBA lender, Dubuque Bank and Trust is also working with business clients to take advantage of CARES Act funding through the Paycheck Protection Program, SBA-loan payment subsidies and other programs. Across Heartland’s member banks, including Dubuque Bank and Trust, we are currently processing approximately $1.5B in Paycheck Protection Program loans from over 11,000 submissions.
Keeping Our Employees Safe Continues to Be Important to Us
Dubuque Bank and Trust continues to adapt our operations to the evolving environment. Announced last week, we will be providing our hourly customer-facing branch employees and customer service representatives in our call centers a premium pay increase of 20% as well as coverage of all primary healthcare plan participant costs related to COVID-19 testing and treatment. Our employees continue to be a priority as we offer pandemic pay for those employees that need time off to recover from illness or to take care of their family when other arrangements are not available, maintain our 401(k) match, provide annual raises on schedule and continue to keep our employees safe with modified bank lobby access and intensified cleaning regiments of all our locations.
About Heartland Financial USA, Inc.
Heartland Financial USA, Inc. is a diversified financial services company with assets of $13.2 billion. The company provides banking, mortgage, private client, investment and insurance services to individuals and businesses. Heartland currently has 114 banking locations serving 83 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.