Iowa

Heartland Financial USA in Dubuque, Iowa, has named Jack Lloyd president of its residential mortgage business.

Heartway Bancorp. in Wayland, Iowa, has agreed to buy Peoples State Bank in Winfield, Iowa.

A former head of the U.S. unit of Dutch-owned insurance company Aegon has been named chairman of a community bank in Illinois.

Royal Credit Union in Eau Claire, Wis., has agreed to buy Capital Bank in St. Paul, Minn., from First Sleepy Eye Bancorp in Sioux Falls, S.D.

Central Bancshares in Muscatine, Iowa, has agreed to buy Brimfield Bank in Brimfield, Ill.

Heartland Financial USA in Dubuque, Iowa, has exited the Small Business Lending Fund.

Heartland Financial USA in Dubuque, Iowa, has completed its acquisition of CIC Bancshares in Denver and made related executive moves.

Katie Lorenson will join the $3 billion-asset company on Aug. 31, when CFO Gary Ortale plans to retire.

Mary Kay Bates, who had been chief operating officer in January 2014, was promoted to president of the $724 million-asset bank in Spirit Lake, Iowa.

Q2, in Austin, Texas, paid $10.6 million to acquire all outstanding interests in Social Money, according to a Tuesday news release. The purchase price was subject to a customary working capital adjustment.