Welcome to our dedicated page for Heritage news (Ticker: HRGG), a resource for investors and traders seeking the latest updates and insights on Heritage stock.
Heritage NOLA Bancorp, Inc. (HRGG) provides essential financial services through Heritage Bank of St. Tammany, serving Louisiana communities since 1924. This news hub offers investors and stakeholders centralized access to corporate developments, regulatory updates, and strategic initiatives from the community banking institution.
Track earnings reports, regulatory filings, and merger activity alongside updates on residential/commercial lending programs. Discover announcements about deposit account innovations, leadership changes, and community reinvestment efforts that shape this regional bank's operations.
Our curated news collection serves as a strategic resource for monitoring HRGG's market position within Louisiana's competitive banking landscape. Users benefit from timestamped updates on loan portfolio adjustments, interest rate strategies, and compliance developments that impact financial performance.
Bookmark this page for streamlined access to Heritage's latest communications. Combine these updates with SEC filings and market analysis tools available through Stock Titan for comprehensive investment research.
Heritage NOLA Bancorp (OTC Pink: HRGG) has announced that OnPath Federal Credit Union will acquire substantially all assets and liabilities of Heritage Bank of St. Tammany in an all-cash transaction valued at $26 million, with additional reimbursements up to $3 million.
Shareholders of Heritage NOLA Bancorp are estimated to receive between $20.00 and $20.75 per share, though final amounts may vary. The transaction, expected to close in Q2 2026, will be followed by Heritage Bank's liquidation and Heritage NOLA Bancorp's dissolution, with shareholder distributions anticipated in Q4 2026.
The agreement includes provisions for eligible depositors from Heritage Bank's 2017 mutual-to-stock conversion to receive liquidation account payments. The transaction has received unanimous board approval from all parties involved.
On June 14, 2024, MC Bancshares and Heritage NOLA Bancorp announced the termination of their proposed merger. Originally agreed upon on July 6, 2023, the merger was called off due to regulatory uncertainties and the merger approval process. The termination was mutually approved by the boards, with both parties agreeing to bear their own costs without penalties. Heritage announced on March 13, 2024, that MC Bancshares had withdrawn its acquisition applications. Both companies expressed confidence in their future prospects post-termination.
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