Gahanna, OH – January 26, 2017 – Heartland BancCorp (“the company,” and “the bank”) (OTCQB: HLAN), today announced that the bank will be expanding into Upper Arlington, Ohio, with a full-service, 2,000-square-foot branch office, expected to open in late 2017 or early 2018. Heartland has entered into a purchase agreement for the property located at 1800 W. Lane Avenue, at the northwest corner of Northwest Blvd. and Lane Avenue. The site will be developed to accommodate at least one other business. This marks the sixteenth Heartland Bank location in Central Ohio, after the scheduled Clintonville and Whitehall offices open later this year. Gahanna-based Heartland BancCorp recently surpassed $780 million in total assets.
“The corner of Lane and Northwest is an iconic location in the heart of one of Central Ohio’s proudest communities. We look forward to expanding on and forging new relationships in Upper Arlington and engaging with the community as we expand our community banking presence there,” said G. Scott McComb, Chairman, President and CEO.
About Heartland BancCorp
Heartland BancCorp is a registered Ohio bank holding company and the parent of Heartland Bank, which operates thirteen full-service, banking offices. Heartland Bank, founded in 1911, provides full-service commercial, small business, and consumer banking services; alternative investment services; insurance services; and other financial products and services. Heartland Bank is a member of the Federal Reserve, a member of the FDIC and an Equal Housing Lender. Heartland BancCorp is currently quoted on the OTC Markets (OTCQB) under the symbol HLAN.
In May 2016, Heartland was ranked #77 on the American Banker magazine’s list of “Top 200 Publicly Traded Community Banks and Thrifts” based on three-year average return on equity (“ROE”) as of 12/31/15.
Safe Harbor Statement
This release contains forward-looking statements that reflect management's current views of future events and operations. These forward-looking statements are based on information currently available to the Company as of the date of this release. It is important to note that these forward-looking statements are not guarantees of future performance and involve risks and uncertainties, including, but not limited to, the ability of the Company to implement its strategy and expand its lending operations.