Heartland Financial USA has officially moved its corporate headquarters from Dubuque, Iowa, to Denver.
The $20.2 billion-asset company said in a press release that the address was changed on Dec. 31. HTLF Bank is headquartered in Denver.
Heartland also noted that it consolidated five of its charters into HTLF Bank in 2022, including Arizona Bank & Trust and Illinois Bank & Trust in the fourth quarter. Six others will be rolled up this year.
Heartland said it expects to incur $10 million of charges this year tied to the effort, or about half of the total expenses it had planned to record.
The consolidation is expected to save Heartland about $20 million annually.