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Employees Become Owners of Heritage Bank

Employees Become Owners of Heritage Bank

Heritage Bank announces launch of Employee Stock Ownership Program (ESOP)

The 150 employees of Heritage Bank will all become employee-owners.  On Monday, bank management announced that Heritage Bancshares Group, Inc., the parent company of Heritage Bank N.A., will become an employee-owned company through an Employee Stock Ownership Plan (ESOP).

“It is a win-win proposition for Heritage Bank, its employees and our local economy,” said Heritage Bank CEO Tom Geiger “By funding the ESOP, Heritage is investing in the employees who have helped make the company successful, and …

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