Heritage Financial Group reorganizes - WALB.com, South Georgia News, Weather, Sports

Heritage Financial Group reorganizes

By Jennifer Emert - bio | email

ALBANY, GA (WALB) –  A growing southwest Georgia bank will offer more shares of stock for sale as part of a reorganization plan.

Heritage Financial Group, the holding company for HeritageBank of the South, is changing from a two-tier mutual holding company to a full stock holding company. Customers using the bank won't see any change in service. But HeritageBank of the South will become a wholly owned subsidiary of Heritage Financial Group which will offer new shares of common stock. The changes will allow the bank to add capital and continue its growth.

"This step will enhance our ability to look for new growth opportunities as well as position us for better growth in the future," said Mary Beth Hobby, HeritageBank Marketing Director.

The reorganization and conversion plan will be submitted to the Office of Thrift Supervision and the Georgia Department of Banking and Finance for approval.


©2010 WALB News. All rights reserved.   Feedback

 

  • More WALB News10 HeadlinesMore News HeadlinesMore>>

  • Top Chef Junior is casting soon

    Top Chef Junior is casting soon

    Tuesday, November 21 2017 10:46 AM EST2017-11-21 15:46:41 GMT
    (Source: Top Chef)(Source: Top Chef)

    The Emmy Award-winning producers of Top Chef are now casting Season 2 of Top Chef Junior, in Atlanta. 

    More >>

    The Emmy Award-winning producers of Top Chef are now casting Season 2 of Top Chef Junior, in Atlanta. 

    More >>
  • Douglas sells ornaments as fundraiser

    Douglas sells ornaments as fundraiser

    Tuesday, November 21 2017 10:30 AM EST2017-11-21 15:30:01 GMT
    (Source: City of Douglas)(Source: City of Douglas)

    The ornaments are being sold for $20.00 each, and proceeds collected from the ornaments will be used to purchase toys for the annual toy drive.  

    More >>

    The ornaments are being sold for $20.00 each, and proceeds collected from the ornaments will be used to purchase toys for the annual toy drive.  

    More >>
  • Crisp County receives road work grant from DOT

    Crisp County receives road work grant from DOT

    Tuesday, November 21 2017 7:55 AM EST2017-11-21 12:55:44 GMT
    (Source: Pixabay)(Source: Pixabay)

    Crisp County has been awarded more than $2.1 million from the Georgia Department of Transportation (GDOT), as part of the more than $150 million awarded to projects statewide. 

    More >>

    Crisp County has been awarded more than $2.1 million from the Georgia Department of Transportation (GDOT), as part of the more than $150 million awarded to projects statewide. 

    More >>
Powered by Frankly