At December 31, 2010, Heritage Banking Group had approximately $224m in total assets and $196m in total deposits.
Substantially all loans and other real estate acquired are covered by a loss share agreement in which the FDIC will reimburse Trustmark for 80% of the losses incurred.
The assets covered by loss sharing agreements total approximately $156m.
Trustmark National Bank did not acquire any assets or liabilities of Heritage Banking Group’s parent holding company, First Heritage Corporation.
Trustmark purchased Heritage for an asset discount of approximately $23m and a deposit premium of 0.15%.
