Heritage Southeast Shareholders Approve Acquisition by VyStar

The shareholders of Heritage Southeast Bancorporation approved the company’s acquisition by VyStar Credit Union.

In March, Heritage Southeast Bancorporation signed a definitive purchase and assumption agreement whereby VyStar will acquire the assets and assume the liabilities of Heritage Southeast Bank in an all-cash transaction.

Following the completion of this transaction, Heritage Southeast Bancorporation and Heritage Southeast Bank will wind down their operations, and their remaining assets, after all obligations are settled, will be distributed to Heritage Southeast Bancorporation stockholders. Once the acquisition receives regulatory approval, the companies expect to close the transaction in the Q4/21.

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
Susie Angelucci
Advertising: 484.459.3016

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.