GAHANNA, Ohio, Sept. 30, 2015 (GLOBE NEWSWIRE) -- Heartland BancCorp (OTCQB:HLAN), parent company of Heartland Bank, today announced that Executive Vice President Brian Mauntel has been promoted to Chief Operating Officer and will lead the commercial lending, retail, client services and mortgage departments, as well as Heartland Investment Services.
"We hope to leverage Brian's experience and business acumen to aid in managing and developing our growing balance sheet, offerings, and delivery of our sales and service units," said G. Scott McComb, Chairman, President and CEO. After 25 years of broad based experience in the banking industry, Brian joined Heartland in June of this year from Fifth Third Bank, where he held numerous executive roles in business management, market leadership and strategic planning.
Additionally, the company announced its plans to implement a strategic realignment program. With an eye towards continued success and expansion, the structural management realignment is designed to position the bank to surpass the billion dollar mark in total assets. "We have taken advantage of strong growth for the last three years as Central Ohio has emerged from the recession," said McComb. "With the increase in high acquisition activity, and larger institutions distancing themselves from small and middle market clients, we are well positioned to take advantage of the disruption in our marketplace."
Other structural management changes include:
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Promoting EVP Steve Hines to Chief Administration Officer. Steve will be directing Credit Administration, Information Technology, Collections, Commercial Loan Processing, Facilities/Security and managing all business activities of the bank.
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Promoting VP Ashley Trout to Director of Distribution Strategies, a new division of the bank that will drive product and branch development/ transformation, foster project management and seek to enhance electronic delivery channels, such as online and mobile.
- Promoting 14 year Heartland Bank veteran VP Ben Babcanec to Head of Retail Administration and will direct all aspects of retail sales and operations of all of Heartland's 12 central Ohio branch locations.
"We have worked hard to build loyal clients and shareholders that believe in our business model. Being able to handle more clients and retain that advantage takes team power, and we have no lack of that at Heartland," added 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 2015, 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 12/31/14.