Heartland Bank president to step down, replacement named

Heartland Bank President and Chief Lending Officer Patrick Busch will step down from his roles at the end of this year. 

Busch’s replacement as president will be Chief Operating Officer Lance Carter, who currently also serves as the president and COO of Heartland Bank’s holding company, the $4.2 billion, Bloomington, Ill.-based HBT Financial.

Busch will also step down from his roles as executive vice president and chief lending officer of HBT Financial. He is expected to serve in the new position of vice chair of Heartland Bank and as a board member of both Heartland Bank and HBT Financial. 

Busch has worked at Heartland Bank since 1995. Chair and CEO Fred Drake thanked him “for the valuable role he’s played in the significant growth of HBT Financial, and for his leadership in helping create the strong lending culture that has served as the foundation of our franchise.”

Lawrence Horvath, Heartland Bank EVP and regional senior lending manager, has been named EVP and chief lending officer of both HBT Financial and the bank. Horvath joined Heartland Bank in 2010. A 37-year banker with experience in commercial lending, credit reviews, M&As and market leadership, Horvath has a Bachelor of Science degree in finance from Western Illinois University, Macomb.