Heritage Southeast Bank Expands Lifeline to 960 Georgia Businesses Through Paycheck Protection Program Loans Totaling Over $ 104 Million

ATLANTA – () – Heritage Southeast Bank employees worked closely with 960 small businesses in Georgia to help them receive loans totaling over $ 104 million through Check Protection Program loans payroll (PPP). The program offered small business administration loans to help businesses keep their workforce employed during the coronavirus (COVID-19) crisis. Heritage Southeast Bank, headquartered in Jonesboro, Ga., Facilitated lending through its three brands Heritage Bank, Providence Bank and The Heritage Bank from locations in the South Atlanta area, North Fulton, and South Georgia and northern Florida, respectively. Loans were essential lifelines for many businesses.

“Our employees have partnered with business owners to navigate the loan program and help nearly 1,000 businesses in Georgia keep their people and operations serving customers, ”said Leonard Moreland, Managing Director of Heritage Southeast Bank. “It is our privilege to be able to help these small businesses continue to operate during this difficult time. ”

The bank has assisted businesses across Georgia in a wide variety of industries ranging from service businesses, retail and professional services. “Providence Bank has supported our business from start to finish in the payroll protection program application process, ”said Peyton Jamison of Jamison Private Wealth Management in Alpharetta, Georgia. “We couldn’t be happier to be a customer of Providence Bank and will be for years to come.

Kasandra McDaniel, owner of the Friendship Learning Center with locations in Tucker and Buford, Georgia, worked with Heritage Bank on their PPP loan. “I wish I could hear the excitement in the voices of some of our employees when I told them we got this loan. This loan really helps us, as small business owners, to keep our doors open. ”

“The service I received at Heritage Bank was phenomenal. added Myron Anderson, CEO of Jones Prescription Shop in Jesup, Georgia. “They made the process comfortable for me which allowed me to stay focused on running the store and taking care of our customers.

Moreland noted that local banks’ strong relationships with customers have helped them quickly connect with businesses regarding the lending process. “We are an independent community bank committed to the communities we serve. We know our clients well and use our knowledge to help many of them get the financing they need to weather this unprecedented storm, ”he said.

About Heritage Southeast Bancorporation, Inc. and Heritage Southeast Bank:

Heritage Southeast Bancorporation, Inc. (OTCQX: HSBI) serves as the holding company for Heritage Southeast Bank, headquartered in Jonesboro, GA and operates under the names “Heritage Bank, “The Heritage Bank,” and “Bank of Providence»In its various markets. With approximately $ 1.3 billion in assets, the bank offers a full range of commercial and consumer products through its 24 branches. For more information, visit the ISBL website.

While the branches of each of the three combined legacy institutions operate under their respective legacy names, all of these branches are branches of the same single insured depository institution, Heritage Southeast Bank, and a client’s deposits at branches operating under different trade names will generally be insured. and subject to the same FDIC insurance limits.

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