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German American Bancorp Announces Merger with Ohio Banking Firm

By John Szink Jul 30, 2024 | 3:48 PM

German American Bancorp and Heartland BancCorp announced this week they have entered into a definitive agreement to merge Heartland into German American in a deal valued at $330 million.

Upon completion of the transaction, Heartland’s subsidiary bank, Heartland Bank, will be merged into German American’s subsidiary bank, German American Bank, and operate under a co-branded name within the Ohio markets.

German American Bank is headquartered in Jasper and the merger will allow German American to expand into Ohio markets.

The all-stock transaction has been unanimously approved by each company’s board of directors and is expected to close in the first quarter of 2025.

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This Day in Country Music

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