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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): April 22, 1998
HEARTLAND BANCSHARES, INC.
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(Exact name of registrant as specified in its charter)
Illinois 0-28442 37-1356594
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(State or Other (Commission (I.R.S. Employer
Jurisdiction of File Number) Identification No.)
318 South Park Avenue, Herrin, Illinois 62948-3604
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code:(618)942-7373
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ITEM 5. OTHER EVENTS
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On April 22, 1998, Heartland Bancshares, Inc. (the
"Registrant"), announced that it planned to repurchase 5.0% of
its outstanding shares of common stock, approximately 43,843
shares. The Registrant's press release is attached hereto as
Exhibit 99.1 and incorporated by reference herein.
Item 7. Financial Statements, Pro Forma Financial Information
and Exhibits.
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Exhibit 99.1 Press Release
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the Registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.
HEARTLAND BANCSHARES, INC.
By: /s/ Roger O. Hileman
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Roger O. Hileman
President and Chief Executive Officer
Date: April 22, 1998
[Letterhead of Heartland Bancshares, Inc.]
Contact: Mr. Roger O. Hileman
President
(618) 942-7373
FOR IMMEDIATE RELEASE
Date: April 21, 1998
HEARTLAND BANCSHARES, INC.
ANNOUNCES REPURCHASE
Heartland Bancshares, Inc. headquartered in Herrin,
Illinois, announced today that its Board of Directors had
adopted a program to repurchase 43,843 shares, or 5%, of its
outstanding common stock. The Company currently has 876,875
shares outstanding. The program will be dependent upon market
conditions and there is no guarantee as to the exact number of
shares repurchased by the Corporation. Such repurchase program
will be commenced immediately. This repurchase program will be
the Company's first 5% repurchase plan since the completion of
its initial public offering in June 1996. Roger O. Hileman,
President of the Company, stated that it is expected that the
repurchase program would be completed within six months. All
repurchased shares will be held as treasury stock and will be
used for general corporate purposes, including the exercise of
stock options.
Heartland Bancshares, Inc. is the holding company for
Heartland National Bank, formerly First Federal Savings and Loan
Association of Herrin, which conducts business through its main
office in Herrin, Illinois, and its branch office in
Carterville, Illinois.
