DETENTE ON DEBT: "It was a long, arduous process, but [regulators] negotiated in good faith and ultimately we reached a fair solution for everybody," Heritage Bank CEO Leonard Moreland said of his negotiations to buy back debt from the FDIC.

Georgia Bank's Trust-Preferred Deal with Regulators Sets Precedent

Heritage Bank in Jonesboro, Ga., became one of the first banks to retire trust-preferred securities held by the FDIC after a complex, year-long negotiation. The transaction could be a model for dozens of other lenders trying to avoid default and possible bankruptcy.

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