FRANKLIN, IN -- (MARKET WIRE) -- 05/27/08 -- Heartland Bancshares, Inc. (OTCBB: HRTB) announced that it declared a cash dividend of $.05 per common share payable on June 30, 2008 to shareholders of record on June 13, 2008.

The Company's President Steve Bechman commented, "As many banks have reduced or eliminated cash dividends during these difficult economic times, we are pleased to be able to continue to pay dividends at this level."

Heartland Community Bank is the wholly owned subsidiary of Heartland Bancshares, Inc., and began banking operations on December 17, 1997 in Johnson County, Indiana on the southern edge of the Indianapolis metro area. As previously reported, Heartland's total assets were $226,211,000 and its total equity was $16,502,000 as of March 31, 2008. Heartland's net income was $230,000 or $.16 per diluted share for the quarter ended March 31, 2008.

Contact:
Steve Bechman
President
or
Jeff Joyce
CFO
(317) 738-3915