SOURCE: Heartland Bancshares, Inc.

December 05, 2007 09:30 ET

Heartland Bancshares, Inc. Announces Cash Dividend of $.05 per Share

FRANKLIN, IN--(Marketwire - December 5, 2007) - Heartland Bancshares, Inc. IN (OTCBB: HRTB) announced that it declared a cash dividend of $.05 per common share payable on December 31, 2007 to shareholders of record on December 14, 2007.

The Company's President Steve Bechman commented, "As we prepare to celebrate the tenth anniversary of the opening of Heartland Community Bank, we are pleased to continue to return a portion of our earnings to our shareholders in the form of cash dividends."

Heartland Community Bank is the wholly owned subsidiary of Heartland Bancshares, Inc., and began banking operations on December 17, 1997 in Johnson County, Indiana on the southern edge of the Indianapolis metro area. As previously reported, Heartland's total assets were $207,506,000 and its total equity was $15,936,000 as of September 30, 2007. Heartland's net income was $736,000 or $.51 per diluted share for the nine months ended September 30, 2007.

Contact Information

  • Contact:
    Steve Bechman
    President
    or
    Jeff Joyce
    CFO
    (317) 738-3915