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Heritage Financial Group, Inc. Agrees To Purchase Auburn, Alabama Branch From Community Capital Bancshares

Dorminey noted that, considering the Company's strong capital position – with a total risk-based capital ratio of 19.2% at December 31, 2011, Heritage Financial Group remains well positioned to take advantage of future acquisition opportunities and FDIC-assisted deals that make sense for HeritageBank of the South's business and markets. Currently, the Company continues to focus on its present footprint across South Georgia and North Central Florida, as well as adjacent or neighboring markets in Alabama and South Carolina.

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.

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 21 full-service branch locations, 11 mortgage offices, and 3 investment offices. As of December 31, 2011, the Company reported total assets of approximately $1.1 billion and total stockholders' equity of approximately $124 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.

Copyright Business Wire 2010
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