Heartland is a agricultural loan holding company formed in November of 1996 to complement the ability for its member banks to service the needs of their customers. Heartland was formed through the partnership of three progressive community banks located in different geographic regions of Wisconsin. A unique characteristic of each location is the strength of its agricultural industry. Built largely around the dairy business, Heartland member banks share a common need to better provide the financial resources their customers demand. Member banks participate a portion of their loan portfolio to Heartland.
Direct benefits are a stronger loan to deposit ratio for the local community bank.
Borrowing costs are lower to the member banks, resulting in interest cost savings which are passed on to the dairy farms and ag related businesses they serve. Loan advances are provided through Agribank in St. Paul, Minnesota. For Bankers Heartland Financial Corporation is available to community banks in the St. Paul Farm Credit district for participation of good to excellent agricultural credit. Qualifying loans can be for commercial operating loans or agricultural mortgage loans. The participated portion of mortgage loans need to have an amortization no greater than fifteen years.