Whitehall, OH – December 2, 2019 (GLOBE NEWSWIRE) – Heartland BancCorp (“Heartland”) (OTCQX: HLAN), the holding
company for Heartland Bank, an Ohio state member bank, and Victory Bancorp, Inc. (“Victory”), the holding company for
Victory Community Bank, a federal savings association with its main office in Ft. Mitchell, Kentucky, today announced the
entry into a definitive agreement whereby Victory Community Bank will merge into Heartland Bank, with Heartland Bank
surviving (the “merger”). Under the terms of the merger agreement, Victory (as the sole shareholder of Victory
Community Bank) will receive 58,934 shares of Heartland common stock and $35.5 million in cash, subject to adjustment
as set forth in the merger agreement, for all shares of Victory Community Bank common stock that Victory owns, resulting
in an aggregate transaction value of approximately $41.1 million based on the closing price of Heartland common stock
on November 29, 2019.

With success, there’s gratitude. With prosperity, there’s appreciation. With all of these, there’s thankfulness – for past success, present prosperity and future accomplishments. Heartland Bank ends 2019 on a thankful note with abounding accolades to the associates, clients and communities it serves.

With perfect weather in the forecast for the 22^nd Annual Heartland Bank Charity Golf Classic, all 31 teams appreciated the clear skies, temps in the low 80s and exceptional course conditions. Last year was the first year the outing had to be rescheduled due to weather, and with hurricane Dorian threatening the United States the first week of September, vague memories of downpours and soggy fairways loomed over the committee’s planning activities. All weather crises were averted, and the golf outing was, once again, a success!

Participation began with a joint cause. On one hand, it was a simple idea for a wellness opportunity for Heartland Bank employees. On the other hand, sponsoring the team, affectionately named Tiney’s Team, became a way to honor the founder of Heartland Bank, Tiney McComb, who lost his battle with cancer in 2012.

In September of 2018, Heartland BancCorp purchased TransCounty Title Agency from its owner, Patrick John. Patrick founded TransCounty in 2007. He continues to oversee the operations of TransCounty along with the Heartland Team, and he is excited about the future with this new partnership. Heartland welcomes TransCounty as a valuable resource for continued customer commitment.