Heritage Southeast Bancorporation, Inc.
HSBI
Other OTC30.84
USD
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Heritage Southeast Bancorporation, Inc.
HSBI
(Other OTC)
Recent
price
30.84
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- Heritage Southeast Bancorporation, Inc. (HSBI) serves as the bank holding company for Heritage Southeast Bank, a state-chartered commercial bank offering a comprehensive range of commercial and consumer banking services; these include personal and business deposit products such as checking, savings, and money market accounts, as well as loan products encompassing commercial real estate loans, commercial and industrial loans, residential mortgages, and consumer loans; the bank also provides digital banking solutions, mobile banking, online banking, and commercial connection services. Heritage Southeast Bank operates under the brand names Providence Bank, Heritage Bank, and The Heritage Bank across approximately 23 branches and one loan production office in North and South metro Atlanta, southeastern Georgia, and northeastern Florida, targeting individual, small business, and corporate customers in these regions. Founded through mergers culminating in 2019 and headquartered in Jonesboro, Georgia, the company managed about $1.7 billion in assets prior to its acquisition. In January 2023, Heritage Southeast Bancorporation completed its acquisition by The First Bancshares, Inc. (NASDAQ: FBMS) in a stock-for-stock transaction valued at approximately $207 million, pursuant to a definitive merger agreement announced in July 2022; HSBI shareholders received 0.965 shares of FBMS common stock for each HSBI share, after which Heritage Southeast Bank merged into The First Bank, with The First Bank as the surviving entity. This merger expanded The First Bancshares' footprint into key Georgia and Florida markets including Atlanta, Savannah, and Jacksonville, creating a combined entity with roughly $8 billion in assets, $7 billion in deposits, over 100 branches across five Southeastern states, and enhanced operational efficiencies. Prior strategic developments included the mutual termination in June 2022 of a 2021 purchase agreement with VyStar Credit Union due to regulatory delays, alongside executive transitions such as the appointment of Brad Serff as President and Chief Banking Officer effective July 2022 following Brian Smith's retirement.
Head-To-Head Review: Heritage Southeast Bancorporation (OTCMKTS:HSBI) vs. FFBW (NASDAQ:FFBW)
Financial Review: Heritage Southeast Bancorporation (OTCMKTS:HSBI) and FFBW (NASDAQ:FFBW)
Comparing Heritage Southeast Bancorporation (OTCMKTS:HSBI) and FFBW (NASDAQ:FFBW)
Heritage Southeast Bancorporation, Inc. Reports 2nd Quarter Earnings of $2.9 million, or $0.40 Per Share; Acquisition by VyStar Credit Union on Track to Close in 4th Quarter 2021
Heritage Southeast Bancorporation, Inc. Shareholders Approve Acquisition
Heritage Southeast Bancorporation, Inc. Enters into Agreement to be Acquired by VyStar Credit Union
Heritage Southeast Bank Hires Pamela Perdue as Senior Vice President, Chief Compliance Officer