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German American Bancorp, Inc. to merge with Heartland BancCorp to drive long-term shareholder value

Oct 28, 2024•about 1 year ago

Acquiring Company

German American Bancorp

Acquired Company

Heartland BancCorp

WhitehallBankingLendingFintechFinanceFinancial Services

Description

German American Bancorp, Inc. (Nasdaq: GABC) reported solid third-quarter earnings and also announced its pending merger with Heartland BancCorp. The acquisition of Heartland BancCorp is strategically compelling and financially attractive, which is expected to drive long-term shareholder value in 2025 and beyond. This merger complements German American’s balance of rural, suburban, and urban markets with a diverse foundation of core deposits and loans.

Company Information

Company

German American Bancorp

About

Great American Bancorp, Inc. is the parent company of First Federal Savings Bank of Champaign-Urbana, located in Illinois. Great American Bancorp, Inc. is a Delaware corporation and was organized in 1995 for the purpose of acquiring all of the capital stock of the Bank upon the Bank’s conversion from the mutual to the stock form of organization. The Company's principal executive office is located at 1311 S. Neil St., Champaign, IL 61820.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed