The growth of HeritageBank of the South in the tri-state area of Georgia, Florida and Alabama has been well documented in the Southeast. Now, the performance of the Albany-based bank has gained national attention.

The most recent edition of “Bank Director” magazine rates Heritage Financial Group Inc., parent company of HeritageBank of the South, among the top 10 banks in the country in terms of core revenue growth.

Heritage ranked No. 6 in the nation with an an annual growth rate of 23.24 percent. The ranking was prepared by Bank Intelligence Solutions of Atlanta which is led by President Kevin Tweddle.

Tweddle said, “Heritage has done an excellent job of integrating its FDIC-assisted purchases over the past few years as well as seizing opportunities in recovering markets throughout the Southeast, driving strong organic growth.”

In just a decade, Heritage has gone from a credit union to a savings bank to a state chartered commercial bank now boasting assets of $1.4 billion. That total will rise to $1.7 billion later this year when Heritage completes a merger with Alarion Bank in the Ocala and Gainesville, Fla. markets. HeritageBank of the South already had a presence in the Ocala market. That deal, expected to close in September, will add six new branches.

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