VyStar Credit Union Acquires Heritage Southeast Bank
March 31, 2021
VyStar Credit Union signed a Definitive Purchase and Assumption Agreement to acquire Heritage Southeast Bank (HSB), a state-chartered bank headquartered in Jonesboro, Georgia. The deal will expand VyStar's branch network and membership in Georgia and is subject to shareholder and regulatory approvals, bringing VyStar's assets to approximately $12.5 billion when finalized.
- Buyers
- VyStar Credit Union
- Targets
- Heritage Southeast Bank
- Sellers
- Heritage Southeast Bancorporation, Inc.
- Industry
- Financial Services
- Location
- Georgia, United States
- Transaction Type
- Buyout
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