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 $2.9 Million in First Quarter 2020 Declares Quarterly Cash Dividend of $0.57 per Share Announces COVID-19 Preparations

Whitehall, OH – April 28, 2020 – Heartland BancCorp (“the company,” and “the bank”) (OTCQX: HLAN), today reported first quarter 2020 net income of $2.9 million, or $1.43 per diluted share. This compares to net income of $3.4 million, or $1.67 per diluted share, in the fourth quarter of 2019, and $3.0 million, or $1.45 per diluted share, in the first quarter of 2019.

Wednesday, April 29, 2020
Categories: Press Releases

Heartland BancCorp Completes Acquisition of Northern Kentucky/ Cincinnati-Focused Victory Community Bank

Whitehall, OH – April 8, 2020 (GLOBE NEWSWIRE) – Heartland BancCorp (“Heartland”) (OTCQX: HLAN), the holding company for Heartland Bank, an Ohio state member bank, today announced that, effective April 7, 2020, it had completed the acquisition of Victory Community Bank. As previously announced, the terms of the acquisition provide Victory Bancorp, Inc. (as the sole shareholder of Victory Community Bank) 58,934 shares of Heartland common stock and approximately $35.5 million in cash.

Wednesday, April 8, 2020
Categories: Press Releases

Heartland BancCorp Announces Authorization of a Stock Repurchase Program

Whitehall, OH – March 13, 2020 – Heartland BancCorp (“Heartland” or the “Company”) (OTCQX: HLAN) the parent company of Heartland Bank, today announced that the board of directors of Heartland (the “Board”) has authorized a stock repurchase program pursuant to which the Company may, from time to time, purchase up to $5 million of its outstanding shares of common stock.  The shares may be repurchased from time to time in privately negotiated transactions or the open market, including pursuant to Rule 10b5-1 trading plans, and in accordance with applicable regulations of the SEC.  The stock repurchase program does not obligate the Company to purchase any particular number of shares, and the timing and exact amount of any repurchases will depend on various factors, including the performance of the Company’s stock price, general market and other conditions, applicable legal requirements and other factors.  The stock repurchase program has an expiration date of September 18, 2020.  The stock repurchase program may be terminated or amended by the Board at any time prior to the expiration date.

Friday, March 13, 2020
Categories: Press Releases

Heartland BancCorp Earns $3.4 Million in Fourth Quarter 2019 and Record $13.2 Million for the Year, Increases Quarterly Cash Dividend by 10% to $0.57 per Share

WHITEHALL, Ohio, Jan. 21, 2020 (GLOBE NEWSWIRE) -- Heartland BancCorp (“the company,” and “the bank”) (OTCQX: HLAN), today reported fourth quarter 2019 net income of $3.4 million, or $1.67 per diluted share. This compares to $3.6 million, or $1.77 per diluted share, in the third quarter of 2019, and $3.1 million, or $1.68 per diluted share, in the fourth quarter of 2018. For the year, net income increased 15.6% to a record $13.2 million, compared to $11.4 million in 2018.

Friday, January 24, 2020
Categories: Press Releases

Heartland BancCorp to Acquire Northern Kentucky/ Cincinnati-Focused Victory Community Bank

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.

Monday, December 2, 2019
Categories: Press Releases
First234567891011Last