ATLANTA–(BUSINESS WIRE)–Heritage Southeast Bank (HSB) has been acknowledged as a prime lender by the Unbiased Banker, the award-winning journal of the Unbiased Neighborhood Bankers of America (ICBA). The journal acknowledged the bank in its July subject within the “ICBA Top Lenders 2020” listing within the Business Lending $1 Billion or extra class.
The annual listing relies on the energy of aggressive banking providers and operational efficiencies utilizing FDIC knowledge for 2019. Scores have been decided by combining the typical of a bank’s percentile rank for lending focus and for loan development over the previous yr in every lending class and asset dimension and adjusted for loan charge-oﬀs at sure percentile thresholds.
“We are honored to have been named to this exclusive list of community banks in the commercial lending category,” mentioned Leonard Moreland, Chief Govt Officer of Heritage Southeast Bank. “Our employees do an amazing job every day serving customers from North Atlanta to Jacksonville, FL and adapting to market dynamics and evolving customer needs. Being recognized by ICBA in this way is a tribute to their ongoing hard work.”
“Through innovation, resourcefulness and an unwavering commitment to their customers and communities, these top lenders are creating a culture of success,” ICBA President and CEO Rebeca Romero Rainey mentioned. “ICBA is proud to recognize Heritage Southeast Bank and its staff for their outstanding efforts and wish them continued prosperity.”
Click on right here to view this yr’s ICBA High Lenders listings.
About Heritage Southeast Bancorporation, Inc. and Heritage Southeast Bank:
Heritage Southeast Bancorporation, Inc. (OTCQX: HSBI) serves because the holding firm for Heritage Southeast Bank, which is headquartered in Jonesboro, GA and operates underneath the names “Heritage Bank,” “The Heritage Bank,” and “Providence Bank” in its numerous markets. With roughly $1.5 billion in belongings, the bank supplies a well-rounded providing of economic and client merchandise by way of its 24 places. For extra info, go to the HSBI web site.
Whereas the branches of every of the three mixed legacy establishments function underneath their respective legacy names, all such branches are branches of the identical single insured depository establishment, Heritage Southeast Bank, and a buyer’s deposits in branches working underneath totally different commerce names can be generally insured and topic to the identical FDIC insurance coverage limits.
The Unbiased Neighborhood Bankers of America creates and promotes an atmosphere the place neighborhood banks flourish. With greater than 50,000 places nationwide, neighborhood banks represent 99 p.c of all banks, make use of practically 750,000 Individuals and are the one bodily banking presence in a single in three U.S. counties. Holding greater than $5 trillion in belongings, practically $four trillion in deposits, and greater than $3.four trillion in loans to shoppers, small companies and the agricultural neighborhood, neighborhood banks channel native deposits into the Most important Streets and neighborhoods they serve, spurring job creation, fostering innovation and fueling their clients’ goals in communities all through America. For extra info, go to ICBA’s web site at www.icba.org.