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HERITAGE BANK BOARD REORGANIZESFor Immediate ReleaseCOLUMBIA, TN (January 6, 2012) - Heritage Bank & Trust today announced a reorganization of its board of directors pursuant to which the board was streamlined to seven members. The retiring directors will remain active with the Bank as directors emeritus and advisory board members focusing primarily on community involvement.Bank CEO Jim Robinson, explained, “This has been under consideration for some time. With the continuing pressure in the banking industry, management and the board felt strongly that now is the time to make sure that our governing structure is aligned with the needs of our shareholders, customers and theMauryCountycommunity.”Board members retiring areJim Sloan,Rose Rainey,Tim Smithand Janis andBillie Johns. Members who will continue on the governing board areWill Rainey,Jimmy Hughes, Larry Johns, Tom Yokley,Kent Pardon, Paul Watson and Jim Robinson.On behalf of the Bank, Jim Robinson expressed appreciation to the retiring board members citing long hours of dedicated service on the bank’s behalf.Heritage Bank & Trust is a $121,000,000 million state chartered financial institution with two branches inMauryCounty.FOR FURTHER INFORMATION CONTACTJim Robinson, CEO Heritage Bank & Trust(931) 388-1970 or firstname.lastname@example.org
News/Press ReleasesFOR IMMEDIATE RELEASENovember 1, 2011Heritage Bank & Trust and TriStar Bank Terminate MergerDICKSON, TN (November 1, 2011) – Heritage Bank & Trust of Columbia, Tennessee and TriStar Bank or Dickson, Tennessee today jointly announced that the planed merger of the two banks has been terminated.Jim Robinson, CEO of Heritage reported that the Heritage Board will spend the next several weeks reassessing the bank’s capital position, market, prospects and strategic alternatives.FOR MORE INFORMATION CONTACT:Ted Williams, CEO TriStar Bank (615) 446-7100Jim Robinson, CEO Heritage Bank & Trust (931) 388-1970
Press Release:July 21, 2011Middle Tennessee Banks Announce Merger of Equals(Heritage Bank & Trust to Merge With TriStar Bank)
DICKSON, TN (July 21, 2011) - An agreement was announced today by the board and senior management of Heritage Bank & Trust of Columbia, Tennessee and TriStar Bank to combine forces and expand the Dickson-based financial institution into Maury County.
Under the terms of the agreement, Heritage Bank & Trust will be merged with and into TriStar Bank. Heritage Bank & Trust shareholders will receive TriStar Bank common stock in the exchange. Executives expect to complete the transaction in the fourth quarter of this year. The combination is subject to regulatory and shareholder approval.
"This is a wonderful opportunity and a natural extension of our footprint,” stated TriStar Bank President and CEO, Ted Williams. “I have always been impressed withMauryCountyand its future continues to look bright. We look forward to working with and building relationships with the clients, bankers and shareholders of Heritage.”
Heritage Bank & Trust CEO, Jim Robinson observed that “Our board felt like TriStar was a particularly good fit for us and an attractive deal for our shareholders. The TriStar team is strong, and the bank has the capital resources necessary to carry the combined institution through the coming changes in the banking industry.” Heritage executives, Jim Robinson and Paul Watson, will remain with the combined institution, and three current directors of Heritage Bank & Trust will join the TriStar Bank board.
TriStar Bank opened for business on January 1, 2000, and has grown into a well-capitalized, profitable bank with current assets in excess of $160 million operating in four locations inDicksonCounty. Heritage Bank & Trust is a $135 million bank chartered in 2005 and operates two branches inColumbia,Tennessee.
Additional corporate information and on-line banking and bill pay services are available at www.tristarbank.com. FOR MORE INFORMATION or AN INTERVIEW:Ted Williams, CEO TriStar Bank (615) 326-0512Jim Robinson, CEO Heritage Bank & Trust (931) 375-0235
September 27, 2010
Heritage Bank & Trust Appoints Jim Robinson as CEO & Paul Watson as President
Jim Sloan, Chairman of the Board of Heritage Bank & Trust, announced today that Jim Robinson has been appointed CEO. Robinson has served as chief financial officer of the Bank since its formation and will retain his CFO duties. Paul Watson, who currently serves as chief lending officer will assume the duties of President.
The Board and the Bank thanked Mark Hines and members of his family for their efforts in organizing the Bank and providing a true community bank alternative to service the banking and financial service needs of Maury County.
Both Robinson and Watson have been executive team members of Heritage from the beginning and both serve on the Bank's board of directors. Mr. Watson assured customers and employees that, "We will focus on providing the personal service you have come to expect from Heritage as we move forward."
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