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

PUBLIC · GABCOct 28, 2024

Acquiring Company

German American Bancorp

Acquired Company

Heartland BancCorp

JasperWhitehallFinancial ServicesFinanceLendingBankingFinancial ServicesFinanceFintechLendingBanking

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.

Quick answer

German American Bancorp is acquiring Heartland BancCorp, announced October 28, 2024. German American Bancorp is based in Jasper, Indiana, United States.

How much did German American Bancorp pay for Heartland BancCorp?
The deal value was not disclosed.
What does German American Bancorp do?
German American BancCorp, Inc. is a bank holding company with assets over $6 billion, offering a full range of financial services to individuals and businesses.
Where are German American Bancorp and Heartland BancCorp based?
German American Bancorp is based in Jasper, Indiana, United States. Heartland BancCorp is based in Whitehall, Ohio, United States.
Who are the decision-makers at German American Bancorp?
Fundz holds 2 contacts at German American Bancorp. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

German American Bancorp

Location

Jasper, Indiana, United States

About

German American BancCorp, Inc. is a bank holding company with assets over $6 billion, offering a full range of financial services to individuals and businesses. It operates 95 locations across Indiana, Kentucky, and Ohio, providing services such as business and personal banking, loans, and wealth management.

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Frequently asked

Who acquired Heartland BancCorp?

Heartland BancCorp was acquired by German American Bancorp, based in Jasper. The deal was reported on October 28, 2024. German American BancCorp, Inc. is a bank holding company with assets over $6 billion, offering a full range of financial services to individuals and businesses. German American Bancorp is publicly traded (GABC) and operates in Financial Services.

When did German American Bancorp acquire Heartland BancCorp?

German American Bancorp's acquisition of Heartland BancCorp was reported on October 28, 2024. German American Bancorp, Inc. (Nasdaq: GABC) reported solid third-quarter earnings and also announced its pending merger with Heartland BancCorp. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Heartland BancCorp do?

Heartland BancCorp is a financial holding company offering financial products and services, with a focus on commercial and personal banking. It has a strong presence in the Ohio markets, particularly in the Columbus and Cincinnati MSAs. It is privately held, operating in Financial Services, and is based in Whitehall.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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