secwatch.observer — SEC 8-K summary
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Issuer:     GERMAN AMERICAN BANCORP, INC. (GABC)
CIK:        0000714395
Form:       8-K
Filed at:   2025-02-03T23:59:59+00:00
Accession:  0001104659-25-008508
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 2.01, 2.03, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/714395/000110465925008508/0001104659-25-008508-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/714395/000110465925008508/tm255296d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-008508

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