Key Developments: Heritage Financial Group (HBOS.O)
8.25USD
9 Feb 2010
$0.46 (+5.91%)
$8.25
--
$8.51
$7.90
1,392
2,301
$10.79
$5.08
Latest Key Developments
Heritage Financial Group Increased Quarterly Cash Dividend To $0.09 Per Share
Heritage Financial Group announced that its Board of Directors has increased the Company's cash dividend 13% to $0.09 per share from the previous level of $0.08 per share. The dividend will be paid on February 19, 2010, to stockholders of record as of February 5, 2010. Heritage, MHC, which holds 7,868,875 shares or approximately 76% of the Company's total outstanding stock, will waive receipt of the dividend on its shares.
Heritage Financial Group Completes Purchase Of Lake City Branch
Heritage Financial Group announced that it has completed the purchase of a branch office in Lake City, Florida, on December 31, 2009. The transaction resulted in the transfer of approximately $10 million in loans and $41 million in deposits to the Bank.
Heritage Financial Group's Subsidiary, HeritageBank Of South, Agrees To Purchase Tattnall Bank
Heritage Financial Group 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 The Tattnall Bank, a $50 million full-service bank that is based in Reidsville, Georgia, with a second location in Collins, Georgia. The Georgia Department of Banking and Finance closed The Tattnall Bank and appointed the FDIC as receiver. As a result of this acquisition, HeritageBank of the South will assume approximately $47 million in deposits and acquire $39 million in loans and other real estate. This transaction does not involve a loss-share agreement, but is subject to a purchase discount by the FDIC totaling $15 million. The terms of the transaction were not disclosed.
Heritage Financial Group Declares Cash Dividend
Heritage Financial Group announced that its Board of Directors has declared a regular quarterly cash dividend of $0.08 per share. The dividend will be paid on November 20, 2009, to stockholders of record as of November 6, 2009.
Heritage Financial Group Agrees To Purchase Lake City Branch From Atlantic Coast Federal Corporation
Heritage Financial Group announced that it has signed a definitive agreement to purchase a branch in Lake City, Florida, owned by Atlantic Coast Federal Corporation, the holding company for Atlantic Coast Bank. The transaction is expected to close in the fourth quarter of 2009, and will result in the transfer of approximately $12 million in loans and $45 million in deposits along with the branch office there. Heritage Financial Group expects to retain the four employees currently located at the branch. Terms of the deal were not disclosed.
Heritage Financial Group Declares Dividend
Heritage Financial Group announced that its Board of Directors has declared a regular quarterly cash dividend of $0.08 per share. The dividend will be paid on August 21, 2009, to stockholders of record as of August 7, 2009.
Heritage Financial Group Declares Quarterly Cash Dividend of $0.08 Per Share
Heritage Financial Group announced that its Board of Directors has declared a regular quarterly cash dividend of $0.08 per share. The dividend will be paid on May 22, 2009, to stockholders of record as of May 8, 2009.
Heritage Financial Group Raises Cash Dividend
Heritage Financial Group announced that that its Board of Directors has increased the Company's cash dividend 14% to $0.08 per share from the previous level of $0.07 per share - representing the third consecutive year in which the Board has increased the dividend. The dividend will be paid on February 20, 2009, to stockholders of record as of February 6, 2009.
Heritage Financial Group Comments on Q4 2008 Profit Outlook; Comments on FY 2008 Profit Outlook
Heritage Financial Group announced that it is cautiously optimistic that it can return to profitability in the fourth quarter 2008 and, thus, expect to be profitable for fiscal 2008 as a whole.
Heritage Financial Group Declares Quarterly Dividend
Heritage Financial Group announced that its Board of Directors has declared a quarterly cash dividend of $0.07 per share. The dividend will be paid on May 16, 2008, to stockholders of record as of May 2, 2008.
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