HeritageBank Of The South Expands Mortgage Services To Valdosta And McDonough With New Lending Team
Heritage Financial Group, Inc. (NASDAQ: HBOS), the holding company for HeritageBank of the South (the "Bank"), announced that the Bank has expanded its Mortgage Division with the opening of new mortgage production offices in Valdosta and McDonough, Georgia, concurrent with the hiring of a team of experienced mortgage lenders in those markets. Already a leading originator of mortgage loans in the Bank's home town of Albany and in Statesboro, the addition of these offices enhances the Bank's capabilities as a full-service mortgage lender, where loans are originated, underwritten and processed internally, and builds on the Bank's recent expansion efforts in Valdosta and elsewhere in South Georgia.
Derek Watkins joins HeritageBank of the South as the Senior Vice President of Mortgage Lending and will oversee mortgage operations for the Bank. He brings a team of five additional mortgage lenders and four staff members, more than doubling the Bank's production personnel in the Mortgage Division.
Commenting on the announcement, Leonard Dorminey, President and Chief Executive Officer of Heritage Financial Group, said, "For many years, HeritageBank of the South has been recognized as a top lender in the Albany market, and since our expansion into the Statesboro area last year, we have quickly established ourselves as a leader in that market. Bringing on this new, highly regarded team in Valdosta and McDonough will allow us to leverage our mortgage production and create a true secondary market mortgage program with in-house underwriting, thereby enhancing our capabilities to meet the home loan needs of all our customers."
Dorminey noted that these new offices fit neatly with HeritageBank's recent expansion in South Georgia and North Central Florida. Cumulatively, the Bank has acquired eight branches since December 2009 and has opened a de novo branch in Valdosta, more than doubling the number of HeritageBank of the South locations during the past year. The Bank is set to open a new branch in Lee County, Georgia, in the first half of 2011.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV