Heritage NOLA Bancorp Announces Updated Dissolution Payment Range and Record Date
Heritage NOLA Bancorp, Inc., parent company of Heritage Bank of St. Tammany (OTC: HRGG), has updated the estimated per share consideration for its dissolution payment to shareholders between $21.30 and $21.40 as of August 31, 2026. The distribution is expected to be paid on or about October 15, 2026, with a record date set for October 1, after which the company's stock will likely be delisted from the OTCID Basic Market. The payment range remains subject to change due to factors such as corporate taxation and cash availability. Equiniti Trust Company has been appointed as transfer agent and paying agent for the distribution process. The dissolution is part of a broader wind-up plan expected to take up to two years, with any residual funds after liquidation likely being donated to charitable organizations.
Tickers: $HRGG
Topics: banking dissolution stock_distribution