Heartland Financial USA in Dubuque, Iowa, has named Jack Lloyd president of its residential mortgage business.

Lloyd's appointment at the $8 billion-asset company was disclosed on Tuesday. Heartland did not identify in a news release the previous person in the position. Heartland held more than $1 billion in residential mortgages and home equity loans at June 30, according to the Federal Deposit Insurance Corp.

Lloyd, who has more than 40 years of experience, previously was regional president of community banking at BMO Harris Bank. He has also worked for PNC Financial Services Group.

"Jack's extensive experience in retail banking and residential lending operations at the state, regional and national level, as well as his strength in building strong management teams to deliver on strategic initiatives, make him the most qualified person to lead our team," Bruce Lee, president of Heartland Financial USA, said in a Tuesday news release.

Heartland has been an active acquirer, recently purchasing banks in Wisconsin, New Mexico, Arizona, California and Colorado.

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