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 $2.8 Million in 4Q15 and $8.1 Million for Year; Highlighted by 12% Asset Growth, 9% Loan Growth,12% Deposit Growth Year-Over-Year; Quarterly Cash Dividend of $0.3724 per Share

Gahanna, OH – January 19, 2016 – Heartland BancCorp (“the company,” and “the bank”) (OTCQB: HLAN), today reported that, following a $879,000 life insurance benefit, earnings increased 69.6% to $2.8 million compared to the fourth quarter a year ago. Heartland’s core earnings (excluding the life insurance benefit) increased 16.3% in the fourth quarter of 2015 to $1.9 million, or $1.21 per diluted share, compared to $1.7 million, or $1.05 per diluted share, in the fourth quarter a year ago. For the year, Heartland’s earnings increased 33.7% year‐over‐year to $8.1 million. Core earnings for 2015 (excluding the life insurance benefit) increased 19.1% to $7.2 million, or $4.57 per diluted share, compared to $6.1 million, or $3.87 per diluted share, in 2014.

Friday, January 22, 2016
Categories: Press Releases

Heartland BancCorp to Open New Branch in Clintonville

GAHANNA, Ohio, December 15, 2015 (GLOBE NEWSWIRE) -- Heartland BancCorp, (OTCQB:HLAN), parent company of Heartland Bank, today announced that the bank will be expanding into Clintonville, with a branch office expected to open during the fourth quarter of 2016. Heartland has leased a 1950 sf space in a new development at 4476 N High St. The new location will feature drive-through lanes, a drive up ATM machine and night depository. This marks the fourteenth location in Central Ohio for Gahanna based Heartland BancCorp.

Tuesday, December 15, 2015
Categories: Press Releases

Heartland BancCorp Completes $5.4 Million Sale of Fixed and Variable Rate Subordinated Notes

Gahanna, OH – November 12, 2015 – Heartland BancCorp (“the company,” and “the bank”) (OTCQB: HLAN), today announced the successful completion of its private placement to accredited investors of $5.4 million in aggregate principal amount of fixed and variable rate subordinated promissory notes (the “Notes”). The weighted interest rate for the Notes is 4.896%, calculated using the Treasury rate from the most recent Federal Reserve Statistical Release for the variable rate notes. The Notes are non‐callable for five years and have a stated maturity of November 12, 2025. Proceeds from the offering will be used for general corporate purposes, including, but not limited to, adding capital to enhance the bank’s already “well capitalized” status and supporting the double digit balance sheet growth it has experienced in recent years.

Thursday, November 12, 2015
Categories: Press Releases

Heartland BancCorp Earnings Increase 20.4% to $1.9 Million, or $1.22 per Diluted Share, in 3Q15, Declares Quarterly Cash Dividend of $0.3724 per Share

Gahanna, OH – October 20, 2015 – Heartland BancCorp (“the company,” and “the bank”) (OTCQB: HLAN), today reported earnings increased 20.4% to $1.9 million, or $1.22 per diluted share in the third quarter of 2015 compared to $1.6 million, or $1.02 per diluted share, in the third quarter a year ago.  In the preceding quarter, earnings were $1.8 million, or $1.15 per diluted share.  For the first nine months of the year, Heartland’s earnings increased 20.2% to $5.3 million, or $3.36 per diluted share, compared to $4.4 million, or $2.82 per diluted share, in the first nine months of 2014. 

Tuesday, October 20, 2015
Categories: Press Releases

Brian Mauntel named Chief Operating Officer of Heartland Bank

After 25 years of broad based experience in the banking industry, Brian joined Heartland in June of this year from Fifth Third Bank, where he held numerous executive roles in business management, market leadership and strategic planning. 

Thursday, October 1, 2015
Categories: Press Releases
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