CCF Holding Company (OTCQX: CCFH) (CCF), Heritage Bancorporation, Inc. (HBI) and Providence Bank (Providence) jointly announced that they have received regulatory approvals for their merger of equals as well as shareholder approval from each of the three organizations. The merger is expected to close on September 1, 2019, subject to satisfaction of customary closing conditions.

Customers Will Experience Continuity in their Banking Relationship

Customers will experience continuity with the same bankers and locations through the closing. In connection with the closing, Providence and the subsidiary banks of each of CCF and HBI will merge, and the combined bank will be renamed Heritage Southeast Bank. The combined bank will continue to operate under the “Providence,” “Heritage Bank” and “The Heritage Bank” brand names, with their existing executive management teams, in their traditional markets of Alpharetta, South Atlanta and South Georgia/Northeast Florida, respectively. Additionally, the existing customer bases of each current bank are expected to benefit over time from increased product offerings and lending capacity and access to greater resources as a result of the merger. The combined bank is expected to have approximately $1.2 billion in total assets.