Heritage Financial Group CEO says economy is improving
Len Dorminey, Heritage Financial Group President
ALBANY, GA (WALB) -
The president and C.E.O. of Heritage Financial Group said the economy is improving.
Thursday, Len Dorminey spoke at the Rotary Club Meeting at Doublegate Country Club about the financial market.
He said his company's decision to convert credit unions into commercial banks helped them survive when other financial institutions had to close their doors.
"We've improved...that we've done better than the market agenda, which I think is good for a community bank to say that in this current market," said Len Dorminey, Heritage Financial Group President.
Heritage Financial Group was rated as one of Georgia's top 100 companies by Georgia Trend Magazine in 2012. The company employs more than 150 people in Albany, and has a payroll of roughly $8 Million across the state.
Dorminey took over in 2001, and says the company will continue to pursue F.D.I.C. acquisitions.