In Brief: 1st National of Gainesville Announces Deal

GAINESVILLE, Ga. - First National Bancorp is planning to buy Bank of Heard County in Franklin, Ga.

First National will exchange 325.58 shares of common stock for every 1,000 shares of Bank of Heard County common stock.

In the last nine years, First National has grown from $971 million in assets to more than $3.1 billion, with 20 affiliates.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER