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Slide #51. Heritage Financial Group, Inc. — Alarion Financial Services, Inc.
Heritage Financial Group, Inc. (HBOS)
Alarion Financial Services, Inc.
Heritage Financial Group, Inc. ("Heritage" or the "Company,") (NASDAQ:HBOS), the holding company for HeritageBank of the South ("HeritageBank"), today announced it has entered into a definitive agreement to acquire all of the common stock of Alarion Financial Services, Inc. ("Alarion"), the holding company for Alarion Bank, in a stock transaction valued at approximately $22.1 million.
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.
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Hold (2.50 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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