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Heritage Financial Group, Inc. Announces Management Promotions And Additions

Commenting on the announcement, Leonard Dorminey, President and Chief Executive Officer of Heritage Financial Group, Inc., said, "We are pleased to be able to recognize by these promotions the hard work and dedication of several members of our management team, leaders with exceptional judgment, experience and industry knowledge. This strengthening of our management team will enable the Bank to continue doing what it does best – offering customers the best service, products and solutions in the banking industry. We also are grateful to be able to expand our management team with the addition of a talented and proven industry veteran. I am confident that these steps give us the strong leadership to execute our strategies, support our growth, and capitalize on opportunities in the shifting banking landscape."

Heritage Financial Group, Inc. is the holding company for HeritageBank of the South, a community-oriented bank serving primarily South Georgia and North Central Florida through 20 full-service branch locations and two mortgage production offices. As of December 31, 2010, the Company reported total assets of approximately $755.4 million and total stockholders' equity of approximately $119.4 million. For more information about the Company, visit HeritageBank of the South on the Web at www.eheritagebank.com and see Investor Relations under About Us.

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. We intend 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 include this statement for purposes of these safe harbor provisions. Further information concerning the Company and its business, including additional factors that could materially affect our financial results, is included in our other filings with the SEC.

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