HEARTLAND BANK

Regarding the status of initial distributions, the Receivership Court has approved the Receiver's settlement with Heartland Bank, resulting in a net recovery of over $6 million to the Estate. Including money we have recovered from others, we have asked the Court for permission to distribute approximately $7 million (approximately 10% of approved claims) to investors with approved claims. The initial distribution will be made in the form of a check and mailed to your current address on file. We anticipate this will be an initial distribution and expect to make a final distribution upon the conclusion of all lawsuits that the Receiver has brought on behalf of the Estate against third parties.

Primary location: Miami United States