Heartland Financial USA (HTLF) in Dubuque, Iowa, has named a veteran executive as interim chief financial officer.

The $5 billion-asset company said Monday that David Horstmann, 63, will succeed John Schmidt, 54, who is expected to leave in July for a job in the manufacturing sector.

Horstmann, who joined Heartland in 2004, has held a series of finance posts throughout his 23 years in the banking industry. He previously served as chief financial officer at Premier Bank in Dubuque.

Heartland had previously announced in June that Horstmann would serve as interim CFO but decided to reiterate the appointment Monday in order to give investors and the public more information about his experience, according to John Berg, Heartland's head of marketing. The company will continue to search for a permanent CFO, Berg said.

Separately, Heartland on Monday named Janet Quick deputy chief financial officer. Quick, 48, has held a series of finance posts with Heartland since joining the company in 1994.

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