Dubuque Bank and Trust president to retire in June

Dubuque Bank and Trust (DB&T) President and CEO Douglas Horstmann, who began his 35-year career with the bank as a commercial loan officer, will be retiring June 30.

During his career at DB&T, a division of Heartland Financial USA Inc., the bank's assets grew from $175 million to $1.5 billion, a Heartland news release said.

Horstmann, a Dubuque native who holds a bachelor’s degree in business from the University of Dubuque and received an MBA from Drake University, blended his career in banking and finance with service on many community boards, including Greater Dubuque Development Corp., the local chamber of commerce and school board, as well as the Dubuque Historical Society, the release said.

“During Doug’s tenure, the bank experienced a significant increase in market share and nearly doubled its deposit base,” Heartland Chairman and CEO Lynn B. Fuller said in the release. “Doug’s experience and knowledge of all facets of banking and leadership will certainly be missed.”

Lynn H. “Tut” Fuller, DB&T's market president, will succeed Horstmann, the release said. Horstmann, who is also Heartland’s executing vice president of lending, will remain on the board.

Horstmann said he will miss his clients and co-workers and called his career “exciting and personally rewarding,” the release said.

“For the future, I look forward to spending more time with family and friends and will also be watching the great group of talented individuals at DB&T and Heartland continue their remarkable growth,” Horstmann said in the release.

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