form8k090908.htm
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of
the
Securities Exchange Act of 1934
Date of
Report (Date of earliest event reported): September 8,
2008
Heartland
Financial USA, Inc.
(Exact
name of Registrant as specified in its charter)
Delaware
(State or
other jurisdiction of incorporation)
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0-24724
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42-1405748
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(Commission
File Number)
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(I.R.S.
Employer Identification Number)
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1398
Central Avenue, Dubuque, Iowa
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52001
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(Address
of principal executive offices)
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(Zip
Code)
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(563)
589-2100
(Registrant's
telephone number, including area code)
Not Applicable
(Former
name or former address, if changed since last report)
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2 below):
o Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item
8.01 Other Items
In connection with the action taken by
the United States Treasury Department and the Federal Housing Finance Agency
with respect to the Federal National Mortgage Association (Fannie Mae) and the
Federal Home Loan Mortgage Corporation (Freddie Mac), Heartland Financial USA,
Inc. (the Company) reports that in third quarter 2008 it will record
other-than-temporary impairment and take a non-cash charge to earnings for its
investment in perpetual preferred securities issued by Fannie
Mae. The Company’s investment in the Fannie Mae perpetual preferred
securities is included in securities available for sale at a cost of $5.1
million. These securities currently trade at 10-15 percent of
cost. The Company does not hold any common or any other equity
securities issued by Fannie Mae or Freddie Mac.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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HEARTLAND
FINANCIAL USA, INC.
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Date:
September 10, 2008
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By:
/s/ Lynn B. Fuller
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Lynn
B. Fuller
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President
and Chief Executive Officer
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