Albuquerque, NM – June 29, 2020 – New Mexico Bank & Trust, a member of Heartland Financial USA, Inc. (NASDAQ: HTLF), announced today that it was recognized as one of America’s Best-In-State Banks 2020 by Forbes Media and Statista Inc. for the second year in a row, and was ranked among the top U.S. commercial credit card issuers for purchase volume growth for the fifth year in a row.
Forbes and market research firm Statista identified New Mexico Bank & Trust as an America’s Best-In-State Bank 2020 based on an independent survey of over 25,000 consumers who ranked banks with whom they have or previously had a checking account. New Mexico Bank & Trust scored among the highest in overall customer satisfaction and recommendation, including trustworthiness, branch and digital services, and financial advice. Earlier this year, Heartland Financial USA, Inc. was named by Forbes as the 40th best bank in America.
“It’s an honor to receive this recognition for the second year, and a true testament to our community- and customer-focused values as well as the strength and commitment of our entire organization,” said Greg Leyendecker, President and CEO of New Mexico Bank & Trust.
The Nilson Report ranked Heartland’s commercial credit card program among the top 35 Purchasing Card programs, with over $453 million in purchasing card volume in 2019, a growth of 53.9 percent over the previous year. The Nilson Report is a leading publication covering payment systems worldwide for 50 years.
“We understand the importance for our clients to manage cash flow, maintain relationships with vendors and negotiate favorable terms. We are pleased to be recognized as a leader in the commercial credit card space as we provide solutions that meet the needs of our clients, and the marketplace,” said Leyendecker. “We’re grateful to our clients for choosing New Mexico Bank & Trust as their partner, and we remain committed to innovating solutions for today’s dynamic environment.”
Even before the pandemic, the Association of Financial Professionals 2019 Electronic Payments Survey shared that 47 percent of companies surveyed said “Cost Savings” is a top benefit of sending electronic payments, and 53 percent of companies surveyed said “Speed of Settlement” is a top benefit of receiving electronic payments. With this method of payment rapidly becoming more common, New Mexico Bank & Trust is helping clients reduce operating costs, increase fraud protection and provide more streamlined payments processes.