Early Dividend Payout to Heartland BancCorp Shareholders
GAHANNA, Ohio, Nov. 29, 2012 /PRNewswire/ -- G. Scott McComb, Chairman & CEO of Heartland BancCorp, parent company of Heartland Bank announced at the October Board meeting: "As a result of our continued earnings growth, the Board of Directors declared a 4th quarter 2012 cash dividend of $0.3217 per share to shareholders of record December 14, 2012, payable December 24, 2012. It is our hope that accelerating the payment of this dividend before the end of 2012 will result in the most favorable tax treatment for the benefit of our shareholders."
Heartland BancCorp continues to maintain a strong capital position supported by solid core earnings and liquidity. Heartland BancCorp's book value per share of $36.28 represents an 11% increase over the prior year. Heartland Bank remains a 'well capitalized' banking institution for regulatory capital purposes and the capital ratios continue to trend higher over prior periods. The BancCorp's high capital ratios put them in a good position to take advantage of strategic opportunities that may arise. An example of this was the November Grand Opening of the new Newark, Ohio office. Newark and the Licking County community represent one of Heartland's most important markets as evidenced by our investment in this new office. They have been located on the Courthouse Square for 18 years; this new facility will enable them to expand their services to their clients and their prospective clients affording them a convenient and efficient banking experience.
About Heartland BancCorp
Heartland BancCorp is a registered Ohio bank holding company and the parent of Heartland Bank, which operates eleven full-service banking offices. Heartland Bank, founded in 1911, provides full-service commercial, small business, and consumer banking services; alternative investment services; insurance services; and other financial products and services. Heartland Bank is a member of the Federal Reserve, a member of the FDIC, and an Equal Housing Lender. Heartland BancCorp is currently quoted on the over-the-counter (OTC) Bulletin Board Service under the symbol HLAN. Learn more about Heartland Bank at HeartlandBank.com.
G. Scott McComb
Chairman & CEO
SOURCE Heartland BancCorp