Monday, December 2nd, 2019 Heartland BancCorp (OTCQX: HLAN), the holding company for Heartland Bank, has acquired Victory Bancorp, Inc. the holding company for Victory Community Bank.
Heartland bank will survive the merger, and the merger was unanimously approved by the boards of directors of both institutions, Victory (the sole shareholder if Victory Community Bank), and the shareholders of Victory.
ArkMalibu advised the Victory Community Bank Board. Greg Fischer, Director of Victory Community Bank and Executive Vice President of Fischer Homes, said “Ark Malibu was a valuable resource as my partner and I were considering exiting one of our businesses. They led us to define our goals for the transaction and desired outcomes in a purposeful and strategic manner. The ArkMalibu team bring a unique perspective considering a wide variety of strategies focused on their client. They are not driven by a quick sale and opened my eyes to multiple possibilities. I really appreciated ArkMalibu’s seemingly endless connections as we explored opportunities. They helped ensure we were ready when the right opportunity crossed our path.”
About Victory Bancorp, Inc.
Victory Community Bank was started as a de novo bank in 2003 by Jack Kenkel and Henry Fischer. The mission then as it is today is to provide great interest rates accompanied with local service to residents in Northern Kentucky and Greater Cincinnati. It is a market leader in residential mortgage lending.
For more information about Victory Community Bank, visit https://www.victorycommunitybank.com/
