Financial Services Richmond, VA 275 employees
Multi-State Community Bank Holding Company
Community bank holding company with $1.1B in assets, 14 branches, and strong commercial lending
About This Business
Heritage Community Bancorp is a bank holding company operating Heritage Community Bank through 14 branches across Virginia and North Carolina. The bank holds $1.1B in total assets, $780M in deposits, and $640M in loans with a commercial real estate and C&I lending focus. Net interest margin has remained consistently above 3.2% with non-performing assets below 0.5% of total assets.
Key Highlights
$1.1B total assets with 14 branches and a growing digital banking platform
Net interest margin of 3.28% with a well-managed, liability-sensitive balance sheet
Non-performing assets at 0.42% of total assets — top quartile for community banks
Commercial loan portfolio of $640M with 62% CRE and 38% C&I mix
Core deposit funding at 85% of total deposits — low reliance on wholesale funding
Financial Overview
Reason for Selling
Board is pursuing a strategic merger to achieve greater scale and technology investment capacity that is increasingly necessary for community bank competitiveness.
Documents Available in Data Room
Financial Statements
Tax Returns
Legal Documents
Operational Documents
Estimated Value
$89.3M – $114.8M
Asking Price
$102.0M
Company name and seller contact revealed after purchase. One-time fee.