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Announced

Completed

VyStar completed the acquisition of Heritage Southeast Bank.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Public

Majority

Single Bidder

Friendly

United States

Banks

Acquisition

commercial banking

Completed

Synopsis

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VyStar, a company offering deposit and loan services, investments, insurance, retirement planning and financial counseling, completed the acquisition of Heritage Southeast Bank, a state chartered commercial bank. VyStar pays HSBI $27 per share in cash. “VyStar has made an ongoing strategic commitment to search for partnerships that help us bring the benefits of credit union membership to more people while reinforcing our position as a strong and reliable financial institution with better rates and lower fees for all our members. HSB has exceeded our expectations as the optimal partner to help us expand our footprint and ensure financial services are accessible to more Georgia residents," Brian Wolfburg, VyStar President and CEO.

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