New Mexico Bank & Trust (NMBT), a member of Heartland Financial USA, Inc. (NASDAQ: HTLF) that operates under the brand name HTLF, continues to display consistent strength in the commercial payments space. Nilson Report ranked HTLF among the top US commercial credit card issuers for the seventh year in a row.
HTLF saw a 48 percent increase in purchase volume growth and ranked 31st overall among purchasing and fleet card issuers, an improvement from 36th in 2020.
Nilson Report ranking reflects HTLF’s innovative approach to digital technology products and providing excellent customer education and experiences.
“Companies can improve cash flow, manage expenses and reduce payment fraud by partnering with us. We help businesses define and implement a comprehensive payments strategy,” NMBT President and CEO R. Greg Leyendecker said. “With our suite of payment solutions including integrated payables, virtual card and contactless cards, New Mexico Bank & Trust is helping clients streamline their AP process, optimize working capital and create a recurring revenue stream.”
Also this year, HTLF was again recognized by Forbes as one of “America’s Best Banks”, earning our best ranking yet of #28 among a nationwide group of 100 leading banking organizations with assets ranging from $9 billion to over $2 trillion.
For 50 years, Nilson Report has been a respected source of payments industry news and market insight. Nilson analyzes and reports on the performance of hundreds of credit, debit and prepaid card issuers, transaction acquirers and technology vendors with an unbiased perspective.
About New Mexico Bank & Trust
New Mexico Bank & Trust, a subsidiary of HTLF, is a community bank with more than $2.6 billion in assets and 22 offices located in Central, Northern and Eastern New Mexico. The bank specializes in business and personal lending and deposit services and offers complete electronic banking programs. New Mexico Bank & Trust is a Member of the FDIC and an Equal Housing Lender. Visit www.nmb-t.com to learn more.
Heartland Financial USA, Inc., operating under the brand name HTLF, is a financial services company with assets of $19.2 billion. HTLF’s banks serve communities in Arizona, California, Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, Montana, New Mexico, Texas and Wisconsin. HTLF is committed to its core commercial business, supported by a strong retail operation, and provides a diversified line of financial services including treasury management, wealth management, investments and residential mortgage. Additional information is available at www.htlf.com.