Albany-Based Company will Offer Stock
Press release from the issuing company
Friday, October 29th, 2010
Depositors and shareholders are receiving information in the mail from Heritage Financial Group Inc. offering up to 8.2 million shares of common stock that will take the Albany-based banking company to 100 percent publicly owned.
The move will generate between $61.2 million and $95.2 million for Heritage Financial.
The funds likely will be used to expand the company, which has been in an acquisition mode recently, expanding its business footprint from Albany to Statesboro to Ocala, Fla. Heritage now has 17 banking locations.
