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Heartland BancCorp Announces Election of Directors

Heartland BancCorp Announces Election of Directors

02-May-2016 Gahanna, OH – May 2, 2016 – Heartland BancCorp (“the company,” and “the bank”) (OTCQB: HLAN), today announced that Beverly Donaldson and Cheryl Krueger have been appointed to its board of directors.

“Beverly and Cheryl are both exceedingly well known in our community and highly respected,” said G. Scott McComb, Chairman, President and CEO. “They both bring a wealth of business expertise, and will be a tremendous asset to our Board.”

Ms. Donaldson is President of The Inns Management Group of Newark, Ohio. She has a degree in Nursing Science and Gerontology and has gained much experience over the last forty years in business, healthcare and with state and federal regulatory processes. Ms. Donaldson’s company, along with her father’s company, The Jerry McClain Company have developed and opened 24 senior assisted living communities in Ohio. They continue to own and operate nine of them. She is a past Board Member of the Alzheimer’s Association and a past member of both Zonta International and Granville Rotary Clubs. She currently serves as a Trustee for the Ohio Assisted Living Association and Hospice of Central Ohio, and is a member of Argentum, the National Assisted Living Association. Ms. Donaldson is a graduate of Central Ohio Technical College with a degree in Nursing Science and was also certified in Gerontological Nursing by the American Nurses Credentialing Center. She continues to reside in Newark with her husband Doug, a Real Estate Broker and has two married children and five grandchildren.

Ms. Krueger is the founder and former President and CEO of Cheryl & Co. She started the company in 1981 in Columbus, Ohio with a single cookie store that flourished into a $50 million corporation. She sold the company in March 2005 and remained the CEO until she retired in 2009. She recently founded KRUEGER & CO. Consulting, Inc. and serves as its CEO. The primary focus of this company is to help companies develop creative marketing and sales strategies as well as evaluate and identify opportunities in product development, operations, logistics, and improve financial performance. Cheryl currently serves on the Board for The Ohio State University Board of Trustees and The Ohio State University Medical Center Board. She has also served on the Board of The James Cancer Hospital and Solove Research Institute Foundation as its past President, the Board of Trustees for Columbus Academy as its past President and the Board of Trustees for the Columbus Academy. Her past board involvement also include The OSU Foundation Board, the Bob Evans Farms Inc. Board, the Federal Reserve Board for District 4, the OSU 4-H Foundation Board and the OSU Human Ecology Advisory Board.

The company also announced that Arthur Bing, M.D., John Hayes and Gerald McClain are retiring from the board of directors. Dr. Bing has served on the boards of Heartland Bank and Heartland BancCorp since 1989. Mr. Haines has been a Board member of Heartland Bank since 1988 and was elected to the Heartland BancCorp Board in April 1999. Mr. McClain has been a Heartland Bank and a Heartland BancCorp board member since 1989.
“Arthur, John and Gerald were pillars in the success of our organization. We thank them for the dedicated service and guidance over the last three decades,” said McComb.

About Heartland BancCorp
Heartland BancCorp is a registered Ohio bank holding company and the parent of Heartland Bank, which operates twelve 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 OTC Markets (OTCQB) under the symbol HLAN. Learn more about Heartland Bank at HeartlandBank.com.
In May 2016, Heartland was ranked #77 on the American Banker magazine’s list of Top 200 Publicly Traded Community Banks and Thrifts based on three-year average return on equity (“ROE”) as of 12/31/15.

Safe Harbor Statement

This release contains forward-looking statements that reflect management's current views of future events and operations. These forward-looking statements are based on information currently available to the Company as of the date of this release. It is important to note that these forward-looking statements are not guarantees of future performance and involve risks and uncertainties, including, but not limited to, the ability of the Company to implement its strategy and expand its lending operations.

 

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