The Online Investor
Credit Services & Lending M&A image Credit Services & Lending M&A » By The Online Investor Staff, updated Sat., Apr. 17, 1:34 PM Recent mergers and acquisitions in the Credit Services & Lending M&A category.

Slide #66. Heritage Financial Group, Inc. Frontier Bank

Acquirer: Heritage Financial Group, Inc. (HBOS)
Acquiree: Frontier Bank
Details: Heritage Financial Group, Inc. (NASDAQ:HBOS), the holding company for HeritageBank of the South, today announced that HeritageBank of the South has entered into a definitive whole-bank purchase and assumption agreement with the Federal Deposit Insurance Corporation ("FDIC") to acquire Frontier Bank, a full-service bank based in LaGrange, Georgia. The Georgia Department of Banking and Finance today closed Frontier Bank and, by Order of the Georgia Superior Court, appointed the FDIC as Receiver.

Heritage Financial Group is a bank holding company. Through its subsidiary, HeritageBank of the South, Co. provides retail and commercial banking services to its customers located primarily in Georgia, Florida and Alabama. Co.'s loan portfolio includes residential real estate lending, commercial real estate lending, construction and land lending, commercial and industrial lending, consumer and other lending. Co. also provides a range of deposit accounts, savings and checking accounts, money market deposit accounts, negotiable order of withdrawal accounts, demand accounts, and certificates of deposit. At Dec 31 2013, Co. had total assets of $1.38 billion and total deposits of $1.08 billion.

Open the HBOS Page at The Online Investor »

Company Name: 
Heritage Financial Group Inc.
Website: 
www.eheritagebank.com
Sector: 
Credit Services & Lending
 

Open the HBOS Page at The Online Investor (in a new window) »

Quotes delayed 20 minutes



Hold (2.50 out of 4)
100th percentile
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
powered by Xignite

Credit Services & Lending M&A - Slide 66 of 100 Page | www.TheOnlineInvestor.com

Copyright © 1998 - 2021, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.