GERMAN AMERICAN BANCORP, INC. (GABC): M&A transaction — German American completes merger with Heartland BancCorp; assets ~$8.3B

GERMAN AMERICAN BANCORP, INC.

Merger effective Feb 1, 2025; Heartland shareholders get 3.90 GABC shares per share; total assets ~$8.3B as of Dec 31, 2024.
Options cancelled for cash payment of $154.60 per share (corrected amount) less exercise price and withholding taxes.
Combined bank has 94 branches across Indiana, Kentucky, Ohio; expected to be EPS accretive with quick TBV earnback.
G. Scott McComb and Ronnie R. Stokes appointed to German American Bancorp and Bank boards effective Feb 1, 2025.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

GERMAN AMERICAN BANCORP, INC. completed an acquisition involving Heartland BancCorp for 3.90 shares of German American common stock per Heartland share (closed 2025-02-01).

Action: acquisition
Counterparty: Heartland BancCorp
Consideration: 3.90 shares of German American common stock per Heartland share
Closing: 2025-02-01

Exact text from the filing

and into German American’s banking subsidiary, German American Bank. Each Heartland shareholder of record at closing (other than the Heartland 401(k) Plan) is entitled to receive 3.90 shares of German American common stock (the “Exchange Ratio”) for each of their shares of Heartland common stock, subject to their surrender of the old Heartland shares to the

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GERMAN AMERICAN BANCORP, INC. filing history →

Source: SEC EDGAR

accession 0001104659-25-008911

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