---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-008508"
form_type: "8-K"
ticker: "GABC"
cik: "0000714395"
company_name: "GERMAN AMERICAN BANCORP, INC."
filed_at: "2025-02-03T23:59:59+00:00"
generated_at: "2026-05-27T04:17:46.154477+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# German American completes Heartland BancCorp merger; issues ~7.74M shares and assumes $24.3M sub debt

## Summary
- Merger closed Feb 1, 2025; Heartland shareholders receive 3.90 GABC shares per share.
- Combined company has 94 branches in IN, KY, OH; pro forma assets ~$8.3B as of Dec 31, 2024.
- G. Scott McComb (ex-Heartland CEO) and Ronnie R. Stokes appointed to GABC board.
- Management expects deal to be accretive to EPS within 12 months; tangible book value earn back period relatively quick.
- GABC assumed $24.3M of Heartland 5.0% Fixed-to-Floating Subordinated Notes due 2030.

## SEC filing metadata
- accession: 0001104659-25-008508
- form_type: 8-K
- ticker: GABC
- cik: 0000714395
- company_name: GERMAN AMERICAN BANCORP, INC.
- filed_at: 2025-02-03T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.01, 2.03, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/714395/000110465925008508/0001104659-25-008508-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/714395/000110465925008508/tm255296d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-008508
- JSON: https://secwatch.observer/filing/0001104659-25-008508.json
- Plain text: https://secwatch.observer/filing/0001104659-25-008508.txt

## Key facts
- Executive change
  Ronnie R. Stokes was appointed as Director at GERMAN AMERICAN BANCORP, INC..
  - Action: appointed
  - Role: Director
  source text: G. Scott McComb, Heartland’s Chairman, President and Chief Executive Officer immediately prior to the completion of the Merger, and Ronnie R. Stokes, another member of Heartland’s board of directors immediately prior to the completion of the Merger, have been appointed to the Company’s Board of Directors.
  evidence_url: https://www.sec.gov/Archives/edgar/data/714395/000110465925008508/0001104659-25-008508-index.htm
- Executive change
  G. Scott McComb was appointed as Director at GERMAN AMERICAN BANCORP, INC..
  - Action: appointed
  - Role: Director
  source text: G. Scott McComb, Heartland’s Chairman, President and Chief Executive Officer immediately prior to the completion of the Merger, and Ronnie R. Stokes, another member of Heartland’s board of directors immediately prior to the completion of the Merger, have been appointed to the Company’s Board of Directors.
  evidence_url: https://www.sec.gov/Archives/edgar/data/714395/000110465925008508/0001104659-25-008508-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.