Heritage Bank FSB

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• Positive Earnings Trend Continues For Virginia Heritage Bank

  - 2009-07-20

  FAIRFAX, Va. -- Virginia Heritage Bank (OTCBB:VGBK), reported net income of $265 thousand in the second quarter of 2009, compared to a $(495) thousand net loss for the same...

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• Virginia Heritage Bank Reaches Key Milestone with First Quarter Profit

  - 2009-04-21

  FAIRFAX, Va. -- Virginia Heritage Bank (OTCBB: VGBK), reported net income of $217 thousand in the first quarter of 2009, compared to a $605 thousand loss for the same...

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• Heritage Bank faring better

  - 2009-04-02

  By James Carlson THE CAPITAL-JOURNAL A Topeka bank scrutinized by a federal agency last year has turned itself around and is nearly "well capitalized," the bank board's vice chairman has reported. Heritage Bank was considered "significantly undercapitalized" by the Federal Deposit...

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• Virginia Heritage Bank Reports Strong Growth and Improves Operating Performance

  - 2009-01-27

  FAIRFAX, Va. -- Virginia Heritage Bank (OTCBB: VGBK), a de novo bank which began operations in early 2006, reported a net loss of $185 thousand in the fourth quarter of 2008, compared to an $876 thousand loss for the same period in 2007. The 2008 quarter included a $264 thousand...

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• Heritage Bank Officially Commences Operations

  - 2008-11-24

  New Commercial Bank Launches to Provide Relationship Banking Services to Business Owners in the NY Metropolitan Area NEW YORK -- The Board of Directors and organizers of Heritage Bank are proud to announce that it is officially open for business. Under the leadership of President and Chief Executive Officer...

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• Heritage Bank Receives Significant Capital Commitments from Three Institutional Investors

  - 2008-11-19

  Palladium Equity Partners joins Carpenter & Company and FrontPoint Partners as lead investment partners in Heritage Bank NEW YORK -- The organizers of Heritage Bank In Organization announced today that Palladium Equity Partners, LLC ("Palladium"), a New York-based private equity firm, has become a significant minority investor in Heritage...

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• Virginia Heritage Bank Continues Positive Trend with Third Quarter Results

  - 2008-10-22

  FAIRFAX, Va. -- Virginia Heritage Bank (OTCBB:VGBK), a de novo bank which began operations in early 2006, reported a net loss of $422 thousand in the third quarter of 2008, compared to a $1.1 million loss for the same period in 2007. The 2008 quarter-end loss included $598 thousand for...

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• Heritage Bank takes RexCorp office space

  - 2008-09-24

  CB Richard Ellis has arranged a 10,048 s/f lease for Heritage Bank In Organization at 58 South Service Road in Melville, NY. Roy Chipkin of CBRE's Long Island operations and Rand Pear of CBRE's Midtown Manhattan office completed the transaction on behalf of Heritage Bank. The 10-year lease...

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• Heritage Bank Achieves Minimum Capital Commitment Goal of $60MM

  - 2008-09-16

  Pledges from Individual and Institutional Investors Surpass Minimum Approval Requirements and Will Set Record for a New Bank in the State of New York. NEW YORK -- Heritage Bank, N.A. In Organization announced today that it has garnered commitments and subscriptions in excess of the $60 million minimum it...

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• Virginia Heritage Bank Announces Naming of Two New Directors

  - 2008-08-07

  FAIRFAX, Va. -- Virginia Heritage Bank (OTCBB:VGBK), a Virginia-chartered bank located in Fairfax, Virginia, announced today that it voted to elect Thomas P. Caldwell and Thomas F. Dungan, III to it's Board of Directors. Thomas P. Caldwell is the Co-owner of Caldwell and Santmyer, Inc., Berryville, Virginia, a construction...

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