For the seventh straight year, New Mexico Bank and Trust, which operates under parent company Heartland Financial USA, Inc. has been honored by Forbes as one of “America’s Best Banks” for 2023.
“We are honored to be recognized by Forbes as one of America’s Best Banks. HTLF’s combined banks have a strong balance sheet, ample liquidity and serve diversified lines of business and geographies,” said Greg Leyendecker, President and CEO at New Mexico Bank & Trust, according to a press release from New Mexico Bank and Trust. “Our momentum continues into 2023 as we continue to deliver Strength, Insight and Growth to our customers and communities.”
According to the release, Forbes conducted its annual assessment of the largest publicly traded banks and thrifts, and the bank was among the top 100 banks nationwide. The rankings were created through data collected by Forbes through the “S&P Global Market Intelligence” up through the third quarter of 2022. The banks were ranked from growth, credit quality and profitability.
This is the 14th year that Forbes has ranked America’s Best Banks. The top bank is CVB Financial in California, which has $16 billion in total assets.
The rankings were based on criteria such as growth, credit quality and profitability. New Mexico Bank & Trust, a subsidiary of Heartland Financial USA, Inc., operates as HTLF (NASDAQ: HTLF), and has a presence with 21 offices across Central, Northern and Eastern New Mexico. The bank focuses on commercial lending and treasury management services, but it also works with private banking, retail lending, deposit services and electronic banking support.
Heartland Financial USA, Inc, or HTLF, is a holding company with assets amounting to $20.2 billion. It serves communities in Arizona, California, Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, Montana, New Mexico, Texas and Wisconsin. The company has a focus on core commercial business, strong retail operation and financial services like treasury management, wealth management mortgages and investments.