M&A Deal Summary

German American Bank Acquires Heartland Bank

On July 29, 2024, German American Bank acquired financial services company Heartland Bank

Acquisition Highlights
  • This is German American Bank’s 15th transaction in the Financial Services sector.
  • This is German American Bank’s 21st transaction in the United States.
  • This is German American Bank’s 1st transaction in Ohio.

M&A Deal Summary
Date 2024-07-29
Target Heartland Bank
Sector Financial Services
Buyer(s) German American Bank
Deal Type Merger
Advisor(s) Raymond James - Investment Banking (Financial)
Hunton Andrews Kurth (Legal)

Target

Heartland Bank

Whitehall, Ohio, United States
Heartland Bancorp is a registered Ohio financial holding company and the parent of Heartland Bank, which operates 20 full-service banking offices in Central Ohio and Greater Cincinnati. It provides full-service commercial, small business, and consumer banking services; professional financial planning services; and other financial products and services. Heartland Bancorp was formed in 1911 and is based in Whitehall, Ohio.

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Buyer(S) 1

Buyer

German American Bank

Jasper, Indiana, United States
Category Company
Founded 1910
Sector Financial Services
Employees840
Revenue 251M USD (2023)
DESCRIPTION

German American Bank is a financial service provider specializes in banking, insurance, and investments for business and retail customers. German American Bank was founded in 1910 and is based in Jasper, Indiana.

DEAL STATS #
Overall 21 of 21
Sector (Financial Services) 15 of 15
Type (Merger) 4 of 4
State (Ohio) 1 of 1
Country (United States) 21 of 21
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-21 Citizens First

Bowling Green, Kentucky, United States

Citizens First Corp. is the provider of quality financial services to people, businesses and organizations while developing lasting partnerships with each of our customers through responsive, flexible and distinguished personal service. The Company has branch offices located in Barren, Hart, Simpson and Warren Counties in Kentucky, and a loan production office in Williamson County, Tennessee. At December 31, 2018, Citizens First reported total assets of approximately $476 million, total loans of approximately $372 million, and total deposits of approximately $389 million.

Buy $68M
Mergr

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Legal