Heritage Financial Group, Inc. Signs Definitive Agreement to Acquire Ocala-Based Alarion Financial Services, Inc.

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 it has entered into a definitive agreement to acquire all of the common stock of Alarion Financial Services, Inc. ("Alarion"), the holding company for Alarion Bank, in a stock transaction valued at approximately $22.1 million.