Heritage Bank

Heritage Southeast Bancorporation, Inc. Enters into Agreement to be Acquired by VyStar Credit Union

Retrieved on: 
Wednesday, March 31, 2021
Laura Street, VyStar Credit Union, Liability, Heritage Bank, Service companies, Banks, Financial services

ATLANTA, March 31, 2021 (GLOBE NEWSWIRE) -- Heritage Southeast Bancorporation, Inc. (HSBI) announced today that HSBI and Heritage Southeast Bank have signed a definitive purchase and assumption agreement whereby VyStar Credit Union (VyStar) will acquire the assets and assume the liabilities of Heritage Southeast Bank in an all-cash transaction.

Key Points: 
  • ATLANTA, March 31, 2021 (GLOBE NEWSWIRE) -- Heritage Southeast Bancorporation, Inc. (HSBI) announced today that HSBI and Heritage Southeast Bank have signed a definitive purchase and assumption agreement whereby VyStar Credit Union (VyStar) will acquire the assets and assume the liabilities of Heritage Southeast Bank in an all-cash transaction.
  • The distribution of cash to HSBI stockholders is expected to occur shortly following completion of the sale of assets to VyStar.
  • Nationally, VyStar will move to the 13th-largest credit union in the country by asset size.
  • Heritage Southeast Bancorporation, Inc. (OTCQX: HSBI)serves as the holding company for Heritage Southeast Bank, which is headquartered in Jonesboro, GA and operates under the names Heritage Bank , The Heritage Bank , and Providence Bank in its various markets.

Heritage Financial Announces Earnings Release Date and Conference Call

Retrieved on: 
Wednesday, March 31, 2021
Whidbey Island, Heritage Bank, Primary dealers, Banks, Financial services, Finance

Heritage Financial Corporation is an Olympia-based bank holding company with Heritage Bank, a full-service commercial bank, as its sole wholly-owned banking subsidiary.

Key Points: 
  • Heritage Financial Corporation is an Olympia-based bank holding company with Heritage Bank, a full-service commercial bank, as its sole wholly-owned banking subsidiary.
  • Heritage Bank has a branching network of 53 banking offices in Washington and Oregon.
  • Heritage Bank also does business under the Whidbey Island Bank name on Whidbey Island.
  • More information about Heritage Financial Corporation can be found on its website at www.hf-wa.com and more information about Heritage Bank can be found on its website at www.heritagebanknw.com .

Heritage Financial Corporation Appoints Fred Rivera to its Board of Directors

Retrieved on: 
Monday, December 21, 2020
Banks of Australia, Heritage Bank

OLYMPIA, Wash., Dec. 21, 2020 /PRNewswire/ --Heritage Financial Corporation ("Heritage") (NASDAQ: HFWA), is pleased to announce the appointment of Fred Rivera to its Board of Directors.

Key Points: 
  • OLYMPIA, Wash., Dec. 21, 2020 /PRNewswire/ --Heritage Financial Corporation ("Heritage") (NASDAQ: HFWA), is pleased to announce the appointment of Fred Rivera to its Board of Directors.
  • "We are pleased to welcome Fred to our boards of directors," said Brian L. Vance, Board Chairman.
  • Heritage Financial Corporation is an Olympia-based bank holding company with Heritage Bank, a full-service commercial bank, as its sole wholly-owned banking subsidiary.
  • More information about Heritage Financial Corporation can be found on its website at www.hf-wa.com and more information about Heritage Bank can be found on its website at www.heritagebanknw.com .

Heritage Southeast Bank Hires Karen Allen as Senior Vice President, Director of Marketing

Retrieved on: 
Monday, November 9, 2020
Banking, Professional services, Finance, Heritage Bank

Heritage Southeast Bank announced today that it has hired Karen Allen as Senior Vice President, Director of Marketing.

Key Points: 
  • Heritage Southeast Bank announced today that it has hired Karen Allen as Senior Vice President, Director of Marketing.
  • She will be responsible for planning, developing, implementing, and measuring the companys marketing strategy and will partner with bank divisions to drive their marketing goals.
  • We are excited to welcome Karen to our team at Heritage Southeast Bank, said Kathy Zovlonsky, Executive Vice President and Chief Administration Officer of Heritage Southeast Bank.
  • Heritage Southeast Bancorporation, Inc. (OTCQX: HSBI) serves as the holding company for Heritage Southeast Bank, which is headquartered in Jonesboro, GA and operates under the names Heritage Bank , The Heritage Bank , and Providence Bank in its various markets.

Heritage Southeast Bank Hires Ray Crook as Vice President and Senior Credit Officer

Retrieved on: 
Wednesday, October 7, 2020
Banking, Other Professional Services, Professional services, Finance, Heritage Bank

Heritage Southeast Bank announced today that it has hired Ray Crook as Vice President and Senior Credit Officer.

Key Points: 
  • Heritage Southeast Bank announced today that it has hired Ray Crook as Vice President and Senior Credit Officer.
  • In his role, Ray will support credit and analysis functions at the bank.
  • Were pleased to have Ray join our team, said Paul Hoerig, Executive Vice President and Chief Credit and Risk Officer of Heritage Southeast Bank.
  • Heritage Southeast Bancorporation, Inc. (OTCQX: HSBI) serves as the holding company for Heritage Southeast Bank, which is headquartered in Jonesboro, GA and operates under the names Heritage Bank , The Heritage Bank , and Providence Bank in its various markets.

Heritage Southeast Bank Hires Melissa Malcom as Chief of Human Resources

Retrieved on: 
Thursday, August 6, 2020
Banking, Professional services, Finance, OTC Markets Group, Heritage Bank

Heritage Southeast Bank announced today that it has hired Melissa Malcom as Chief of Human Resources.

Key Points: 
  • Heritage Southeast Bank announced today that it has hired Melissa Malcom as Chief of Human Resources.
  • Melissa brings a strong knowledge of key human resources practices and policies that she will use to guide our organization, said Kathy Zovlonsky, Executive Vice President and Chief Administration Officer of Heritage Southeast Bank.
  • We are excited to have her join our growing team at Heritage Southeast Bank.
  • Heritage Southeast Bancorporation, Inc. (OTCQX: HSBI) serves as the holding company for Heritage Southeast Bank, which is headquartered in Jonesboro, GA and operates under the names Heritage Bank , The Heritage Bank , and Providence Bank in its various markets.

Heritage Southeast Bank Purchases Assets and Hires Employees From Diversified Funding Services, Inc.

Retrieved on: 
Thursday, July 30, 2020
Banking, Professional services, Finance, Accounts receivable, Corporate finance, Factoring, Fundamental analysis, Working capital management, Finance, Heritage Bank, Bank, Economy, Money

Heritage Southeast Bank announced today that it has purchased certain assets and hired three employees of Diversified Funding Services, Inc. Diversified had provided backroom services for HSB Fundings Factoring Services operations since 2017.

Key Points: 
  • Heritage Southeast Bank announced today that it has purchased certain assets and hired three employees of Diversified Funding Services, Inc. Diversified had provided backroom services for HSB Fundings Factoring Services operations since 2017.
  • HSB Funding has the advantage of being a part of Heritage Southeast Bank with over $1 billion in managed assets while maintaining the flexibility of an independent receivables-based funding company.
  • Heritage Southeast Bancorporation, Inc. (OTCQX: HSBI) serves as the holding company for Heritage Southeast Bank, which is headquartered in Jonesboro, GA and operates under the names Heritage Bank , The Heritage Bank , and Providence Bank in its various markets.
  • With approximately $1.3 billion in assets, the bank provides a well-rounded offering of commercial and consumer products through its 24 locations.

Heritage Southeast Bancorporation, Inc. Announces Completion of $20 Million Subordinated Notes Offering

Retrieved on: 
Tuesday, June 30, 2020
Banking, Professional services, Credit, Debt, Subordinated debt, Heritage Bank

Heritage Southeast Bancorporation, Inc. (HSBI) (OTCQX: HSBI) today announced the completion of a private placement of $20 million of 6.00% fixed-to-floating rate subordinated notes due 2030 (the Notes) to certain qualified institutional buyers and accredited investors.

Key Points: 
  • Heritage Southeast Bancorporation, Inc. (HSBI) (OTCQX: HSBI) today announced the completion of a private placement of $20 million of 6.00% fixed-to-floating rate subordinated notes due 2030 (the Notes) to certain qualified institutional buyers and accredited investors.
  • In addition to our announcement today regarding the completion of our subordinated notes offering, we continue to make strides on formalizing a solid growth plan for the company.
  • We believe the offering of these subordinated notes will give us the power we need to expand our footprint in the Southeast.
  • Heritage Southeast Bancorporation, Inc. serves as the holding company for Heritage Southeast Bank, which is headquartered in Jonesboro, GA and operates under the names Heritage Bank, The Heritage Bank, and Providence Bank in its various markets.

Heritage Financial Announces Chief Credit Officer Succession Plan

Retrieved on: 
Friday, May 29, 2020
Heritage Bank, Spurling, Ocean Bank

OLYMPIA, Wash., May 29, 2020 /PRNewswire/ --Heritage Financial Corporation (Nasdaq: HFWA), parent company of Heritage Bank , has named Tony Chalfant to succeed Dave Spurling as Chief Credit Officer ("CCO") of Heritage Bank effective July 1, 2020.

Key Points: 
  • OLYMPIA, Wash., May 29, 2020 /PRNewswire/ --Heritage Financial Corporation (Nasdaq: HFWA), parent company of Heritage Bank , has named Tony Chalfant to succeed Dave Spurling as Chief Credit Officer ("CCO") of Heritage Bank effective July 1, 2020.
  • Chalfant has held the title of senior vice president and deputy chief credit officer of Heritage Bank since July 2019.
  • Prior to that appointment, Chalfant served as the regional credit officer since January 2018 when Heritage acquired Puget Sound Bank.
  • Spurling, who has served as executive vice president and chief credit officer of Heritage Bank since 2007 and has held commercial lending positions with Heritage since 2001, has played a significant role in the success of the company.

Heritage Southeast Bank Extends Lifeline to 960 Georgia Businesses via Paycheck Protection Program Loans Totaling More Than $104 Million

Retrieved on: 
Wednesday, May 20, 2020
Banking, Small business, Professional services, Heritage Bank

Heritage Southeast Bank employees worked closely with 960 small businesses in Georgia to help them receive loans totaling more than $104 million via the Paycheck Protection Program (PPP) lending.

Key Points: 
  • Heritage Southeast Bank employees worked closely with 960 small businesses in Georgia to help them receive loans totaling more than $104 million via the Paycheck Protection Program (PPP) lending.
  • Heritage Southeast Bank, headquartered in Jonesboro, Georgia, facilitated the loans via its three brands Heritage Bank, Providence Bank, and The Heritage Bank out of locations in South Metro Atlanta, North Fulton, and South Georgia and North Florida, respectively.
  • The bank helped businesses throughout Georgia in a wide variety of industries ranging from service businesses, retail, and professional services.
  • Heritage Southeast Bancorporation, Inc. (OTCQX: HSBI) serves as the holding company for Heritage Southeast Bank, which is headquartered in Jonesboro, GA and operates under the names Heritage Bank , The Heritage Bank , and Providence Bank in its various markets.