Heritage Financial Group, Inc. Agrees to Purchase Metro Atlanta Branch from The PrivateBank

ALBANY, Ga.--(BUSINESS WIRE)--Heritage Financial Group, Inc. ("Heritage" or the "Company,") (NASDAQ: HBOS), the holding company for HeritageBank of the South ("HeritageBank"), today announced that it has signed a definitive agreement to purchase a branch in Norcross, Georgia, from The PrivateBank, a wholly owned subsidiary of Chicago-based PrivateBancorp, Inc. (NASDAQ: PVTB). The branch is located at 3169 Holcomb Bridge Road, which is in the northeast area of metro Atlanta, approximately four miles north of the perimeter (I-285). This location provides ease of access throughout metro Atlanta and is home to a significant population of small- and medium-sized businesses, which fits well into Heritage's operating model.