Tranche Update on Heritage NOLA Bancorp, Inc.'s Equity Buyback Plan announced on August 30, 2019.
March 27, 2020 at 09:44 pm IST
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From October 1, 2019 to December 31, 2019, the company has repurchased 24,679 shares, for $0.31 million. With this, the company has completed the repurchase of 50,000 shares, for $0.63 million under the buyback announced on August 30, 2019.
Heritage NOLA Bancorp, Inc. operates as a bank holding company. The Company, through its subsidiary, Heritage Bank of St. Tammany (the Bank), provides banking services. The Bank operates as a community bank providing various financial services through its four branches, two in Covington, and one each in Slidell and Madisonville, Louisiana. The Bankâs primary lending products are single-family residential loans and commercial real estate loans. Its primary deposit products are demand and savings accounts, and certificates of deposit. The Bank's business consists primarily of taking deposits from the public and investing those deposits, together with funds generated from operations, in residential real estate loans, including non-owner-occupied properties and home equity lines of credit, and commercial real estate. It also originates land, construction, and multifamily loans, as well as consumer loans and commercial business loans.
HERITAGE NOLA BANCORP, INC. 
