News & Events

February 19, 2025 - German American Bank has been ranked second in the nation on the Forbes 2025 America’s Best Banks list and is the highest ranked bank serving Indiana, Kentucky, and Ohio.

Heartland Bank, a division of German American Bank, announces the leadership team of Ben Babcanec, Senior Regional President; Laurie Pfeiffer, Market President; and Alyssa Booms, Regional Senior Retail Officer. 

 German American Bancorp, Inc. announced that it has completed its merger with Heartland BancCorp, the parent company of Heartland Bank, effective at 12:01 a.m. (Eastern time) on February 1, 2025. Immediately following completion of the holding company transaction, Heartland Bank merged with and into German American’s banking subsidiary, German American Bank.

Heartland BancCorp, parent company of Heartland Bank, reported net income increased 7.2% to $5.7 million, or $2.63 per diluted share, in the fourth quarter of 2024, compared to $5.3 million, or $2.61 per diluted share, in the fourth quarter of 2023, and increased 28.0% compared to $4.4 million, or $2.12 per diluted share, in the preceding quarter.

Heartland BancCorp, parent company of Heartland Bank, reported net income of $4.4 million, or $2.12 per diluted share, in the third quarter of 2024, compared to $4.9 million, or $2.43 per diluted share, in the third quarter of 2023, and $5.1 million, or $2.50 per diluted share, in the preceding quarter. 

Heartland BancCorp, parent company of Heartland Bank, reported net income increased 5.0% to $5.1 million, or $2.50 per diluted share, in the second quarter of 2024, compared to $4.8 million, or $2.39 per diluted share, in the second quarter of 2023, and remained relatively unchanged compared to $5.1 million, or $2.51 per diluted share, in the preceding quarter. 

German American Bancorp, Inc. and Heartland BancCorp jointly announced that they have entered into a definitive agreement to merge Heartland into German American. 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 cobranded name within the Ohio markets.