German American Bancorp, Inc. to merge with Heartland BancCorp to drive long-term shareholder value
10/28/24, 9:07 PM
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finance
financial services
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 Info
Company info
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.