SOURCE: Heartland Bancshares, Inc.

March 10, 2008 16:48 ET

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

FRANKLIN, IN--(Marketwire - March 10, 2008) - Heartland Bancshares, Inc. IN (OTCBB: HRTB) announced that it declared a cash dividend of $.05 per common share payable on March 31, 2008 to shareholders of record on March 10, 2008.

The Company's President Steve Bechman commented, "As we begin our eleventh year of banking operations, 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 $209,397,000 and its total equity was $16,067,000 as of December 31, 2007. Heartland's net income was $747,000 or $.52 per diluted share for the year ended December 31, 2007.

Contact Information

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