German American Bank announces merger with Heartland Bank

HENDERSON, Ky. (WEHT)- Jasper-based German American Bancorp is purchasing Ohio-based Heartland Bank in a $330 million deal.

Officials for German American say that Heartland’s 20 banking centers in Ohio will allow it to expand its footprint into Columbus and Cincinnati markets. The Banks will operate under a co-branded name within the Ohio Markets.

“This strategic partnership will bring together two high-performing community-oriented organizations and expand German American’s footprint into Columbus and Cincinnati, Ohio, tow of the most vibrant and fastest-growing markets in the Midwest,” says D. Neil Dauby, Chairman and CEO of German American. “We share the same culture and commitment to serving our customers and our communities with a relationship-based approach. We are excited to welcome Heartland’s customers, employees, communities and shareholders to the German American family.”

The combined bank will have more than $8.1 billion in assets and a branch network of almost 95 locations across Southern Indiana, Central and Northern Kentucky, and Central and Southwest Ohio. The deal is expected to close in early 2025.

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