Mississippi-based First Bancshares has agreed to acquire rival American bank holding company Heritage Southeast Bancorporation in an all-stock deal worth around $207 million. First Bancshares is the parent company of The First Bank, while Heritage Southeast Bancorporation owns the Heritage Southeast Bank, based in Jonesboro, Georgia. The deal is expected to deepen the footprint of […]
US-based bank holding companies VyStar Credit Union and Heritage Southeast Bancorporation (HSBI) have mutually agreed to scrap their previously announced merger deal owing to regulatory hurdles. VyStar Credit Union is a Florida-based credit union, while Heritage Southeast Bancorporation is the holding company for Heritage Southeast Bank, a Georgia-based state-chartered bank. Under the deal that was […]
