llinois Bank & Trust through its parent company, Heartland Financial USA, Inc., has been named a “Forbes Best Bank 2021.”
In its annual review of the largest publicly traded banks and thrifts, Forbes ranked Heartland 52nd among a nationwide group of 100 leading banking organizations with assets ranging from $9 billion to over $2 trillion.
“We are proud to be named among the Best Banks in America for 2021,” said Jeff Hultman, CEO at Illinois Bank & Trust. “As a community bank, what sets us apart is our strong commitment to our customers, combined with access to ‘big-bank’ products and services as part of Heartland.”
Illinois Bank & Trust offers full-service branches where experts can meet all financial needs throughout the community.
To compile the rankings, Forbes used data collected by SNL Financial through the third quarter of 2020 on the country’s largest publicly traded banks and thrifts. The data covered 10 metrics of financial health: return on average equity; net interest margin; nonperforming loans (NPLs) as a percentage of loans; nonperforming assets as percentage of assets; reserves as a percentage of NPLs; two capital ratios (Tier 1 and risk-based); and leverage ratio. Forbes generated its ranking based on an average of the individual ranks of each metric.
About Illinois Bank & Trust
Illinois Bank & Trust, a subsidiary of Heartland Financial USA, Inc. serves customers from 9 locations in the Rockford metropolitan area and locations in Galena, Elizabeth and Stockton. The $1.5 billion bank is a subsidiary of Heartland Financial USA, Inc. and offers commercial, personal, agriculture, and wealth management services. Illinois Bank & Trust is a Member of the FDIC and an Equal Housing Lender. For more information, visit illinoisbank.com.