Heritage Financial Group, Inc. Names Brian Schmitt EVP, Atlanta Market CEO and Director of Mergers & Acquisitions
16 October 2014 - 10:00PM
Business Wire
Heritage Financial Group, Inc. ("Heritage" or the "Company,"
NASDAQ: HBOS), the holding company for HeritageBank of the
South ("HeritageBank"), today announced that it has named Brian D.
Schmitt as Executive Vice President, Atlanta Market CEO and
Director of Mergers & Acquisitions.
Prior to joining Heritage Financial Group, Schmitt, age 53,
worked as an independent consultant to financial institutions. From
2006 to 2013, he served as President and CEO of The PrivateBank and
Trust Company's Georgia division, where he oversaw all operations
of the $350 million bank division. Before joining PrivateBank, he
was President and CEO of the Piedmont Bank of Georgia from 2001
until the bank was acquired by PrivateBank in 2006. Other career
responsibilities included serving as Senior Vice President of
Branch Bank and Trust Company (BB&T), Executive Vice President
of Premier Bank, and Vice President of Prime Bank, all based in
Atlanta.
Schmitt will be based at the Company's metro Atlanta branch
office in Norcross, Georgia, following the closing of Heritage
Financial Group's previously announced acquisition of that branch
from PrivateBank. That branch acquisition is expected to close in
the fourth quarter of 2014, subject to regulatory approval and
other customary conditions.
Commenting on the addition of Schmitt to the Company's
management team, Leonard Dorminey, President and Chief Executive
Officer of Heritage Financial Group, Inc., said, "We are pleased
and fortunate to have someone of Brian's experience and Atlanta
market expertise join our company. We consider this a further
indication of the rising stature of HeritageBank as an employer of
choice – an exciting opportunity and a career destination – for
high-performing banking talent in the South. Brian brings with him
deep market knowledge and a diverse background in mergers and
acquisitions that we believe will help us better serve our
customers, identify additional banks that offer a good fit with
what we are accomplishing at HeritageBank, broaden our visibility
in the market, and enhance our ability to continue to recruit
capable commercial bankers."
About Heritage Financial Group
Heritage Financial Group, Inc. is the holding company for
HeritageBank of the South, a community-oriented bank serving
Georgia, Florida and Alabama through 36 banking locations,
20 mortgage offices, and 5 investment offices. With the recent
completion of the purchase of Alarion Financial Services, Inc.,
Heritage has approximately $1.8 billion in assets, $1.0 billion in
loans, and $1.5 billion in deposits. For more information
about the Company, visit HeritageBank of the South on the Web at
www.eheritagebank.com under the "Investors" tab.
Except for historical information contained herein, the matters
included in this news release and other information in the
Company's filings with the Securities and Exchange Commission may
contain certain "forward-looking statements," within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. These
statements can be identified by the fact that they do not relate
strictly to historical or current facts and often use words or
phrases "opportunities," "prospects," "will likely result," "are
expected to," "will continue," "is anticipated," "estimate,"
"project," "intends" or similar expressions. The forward-looking
statements made herein represent the current expectations, plans or
forecasts of the Company's future results and revenues. The Company
intends such forward-looking statements to be covered by the safe
harbor provisions for forward-looking statements contained in the
Private Securities Reform Act of 1995 and includes this statement
for purposes of these safe harbor provisions. These statements are
not guarantees of future results or performance and involve certain
risks, uncertainties and assumptions that are difficult to predict
and are often beyond the Company's control. Actual outcomes and
results may differ materially from those expressed in, or implied
by, any of these forward-looking statements. Investors should not
place undue reliance on any forward-looking statement and should
consider the uncertainties and risks, discussed under Item 1A.
"Risk Factors" of the Company's 2013 Annual Report on Form 10-K and
in any of the Company's subsequent SEC filings. Further information
concerning the Company and its business, including additional
factors that could materially affect the Company's financial
results, is included in its other filings with the SEC.
Heritage Financial Group, Inc.T. Heath Fountain,
229-878-2055Executive Vice President and Chief Financial
Officer
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