Heartland Bancshares, Inc. is a one-bank holding company incorporated May 27, 1997. Heartland raised approximately $11,731 in equity capital through the sale of 1,394,172 shares of Heartland’s common stock at $9.07 per share, net of underwriting discounts and offering costs. Proceeds were used to capitalize Heartland Community Bank (the “Bank”), Heartland’s primary asset, a wholly-owned banking subsidiary, an Indiana-chartered commercial bank. The Bank received regulatory approval to open in the fall of 1997 and commenced banking operation December 17, 1997.