Heritage Financial Group, Inc. Announces Stock Repurchase Program

ALBANY, Ga.--(BUSINESS WIRE)--Heritage Financial Group, Inc. (NASDAQ: HBOS), the holding company for HeritageBank of the South, today announced that its Board of Directors has approved a new stock repurchase program. The program authorizes the Company to repurchase up to approximately 5% of its outstanding common stock, or approximately 435,000 shares. Repurchases may be made from time to time in open-market or negotiated transactions as deemed appropriate by the Company and will depend on market conditions. The new program will expire in December 2012 unless completed sooner or otherwise extended.