Press Releases

Heartland Bank’s financial frontier

Information is an asset at Heartland Bank – a valuable means of communication and a way for us to let you know what we’re all about. We’re on the frontlines daily and we want you to know it! Browse our latest press releases and learn about us and what we do.

Heartland BancCorp Earns $3.0 Million in Second Quarter 2020, Declares Quarterly Cash Dividend of $0.57 per Share

Whitehall, OH – July 27, 2020 – Heartland BancCorp (“Heartland” and “the company”) (OTCQX: HLAN) today reported second quarter 2020 net income of $3.0 million, or $1.52 per diluted share, compared to net income of $2.9 million, or $1.43 per diluted share, in the first quarter of 2020, and $3.2 million, or $1.55 per diluted share, in the second quarter of 2019. There were $1.3 million in acquisition-related expenses in the second quarter of 2020, compared to no acquisitionrelated expenses in the preceding quarter or in the second quarter a year ago. In the first six months of 2020, net income was $6.0 million, or $2.95 per diluted share, compared to $6.1 million, or $3.00 per diluted share, in the first six months of 2019.

Monday, July 27, 2020
Categories: Press Releases

Pamela Goetting Joins Heartland Bank as SVP, Director of the Northern Kentucky Region

Whitehall, OH – June 1, 2020 – Heartland BancCorp, (OTCQX: HLAN), parent company of Heartland Bank, today announced that Pamela Goetting has joined Heartland Bank as SVP, Director of the Northern Kentucky Region.  In this new leadership role, Pam will oversee the retail, commercial banking, residential mortgage and treasury management operations at all three branch offices recently acquired in the Victory Community Bank merger.

Monday, June 1, 2020
Categories: Press Releases

Heartland BancCorp Elects Jim Heimerl and Jack Kenkel to Board

WHITEHALL, Ohio, May 29, 2020 (GLOBE NEWSWIRE) -- Heartland BancCorp, (OTCQX: HLAN), parent company of Heartland Bank, today announced that at the Company’s annual meeting, James R. ‘Jim’ Heimerl and John G. ‘Jack’ Kenkel were duly elected as directors of the company, effective May 19, 2020. These individuals were also appointed to the Board of Directors of Heartland Bank in March 2020.

Friday, May 29, 2020
Categories: Press Releases

Heartland BancCorp Announces Completion of $25 Million Subordinated Notes Offering

WHITEHALL, Ohio, May 15, 2020 (GLOBE NEWSWIRE) -- Heartland BancCorp (“the Company” or “Heartland”) (OTCQX: HLAN) today announced the completion of its private placement of $25 million of 5.0% fixed-to-floating rate subordinated notes due 2030 (the “Notes”) to certain qualified institutional buyers and accredited investors, including the exchange of approximately $5.4 million of the Company’s subordinated promissory notes due 2025. The Notes will initially bear interest at a fixed annual rate of 5.0%, payable semiannually in arrears, to, but excluding, June 15, 2025, and will reset quarterly thereafter to the then current three-month SOFR plus a spread of 490.0 basis points, payable quarterly in arrears, commencing September 15, 2025. Heartland may redeem the Notes on or after June 15, 2025, or at any time upon certain other specified events. The Notes have been structured to qualify as Tier 2 capital for Heartland for regulatory capital purposes. Heartland intends to use the net proceeds of the offering for general corporate purposes, including repaying indebtedness, to support organic growth and to fund potential acquisitions

Friday, May 15, 2020
Categories: Press Releases

Heartland BancCorp Ranks #58 on American Banker Magazine’s Top 200 Publicly Traded Community Banks and Thrifts List for 2020

WHITEHALL, Ohio, May 11, 2020 (GLOBE NEWSWIRE) -- Heartland BancCorp (OTCQX: HLAN), today parent company of Heartland Bank, today announced that it has once again been named to American Banker magazine’s Top 200 Publicly Traded Community Banks and Thrifts.  In its May 2020 issue, American Banker ranked Heartland 58th on its Top 200 Publicly Traded Community Banks and Thrifts list based on three-year average return on equity (“ROE”) as of 12/31/19 (Source: Capital Performance Group).

Monday, May 11, 2020
Categories: Press Releases
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