0

Heritage Bank making moves

Heritage Bank of the South's recent purchase of five branches of Park Avenue Bank appears to be a good addition to the Albany-based Heritage Financial Group.

Two of the Park Avenue Bank branches are in Statesboro, which is a thriving community and home to Georgia Southern University. The branches in Hazelhurst and Baxley fit into the marketing scheme with the recent addition of Tattnall Bank in Reidsville.

And the Adel bank is another stepping stone in the path between Albany and Heritage's banks in Lake City and Ocala in Florida.

Park Avenue Bank is based in Valdosta and has a reputation as a strong, well-operated company.

Because of its well capitalized position, more acquisitions are possible for HeritageBank.

GOOD NEWS: They may be based in Albany, but Equinox Chemicals is making its mark in overseas business to partner with its already broad domestic customer base.

Equinox recently received publicity in The New York Times through an Associated Press article spotlighting several small companies which are thriving in this recovering economy.

The article noted that Equinox has capitalized on the fallen dollar to boost its exports of chemicals for fragrances, food flavoring and electronics equipment.

The article noted that Equinox was successful in closing a deal last year with a South Korean drug company to provide them with chemicals. The AP article noted that Equinox more than doubled its total export sales in 2008 during the first nine months of 2009.

We reported here recently that Equinox was moving its corporate headquarters to the former Bennett's Supply facility on Kensington Court in northwest Albany.

ON THE JOB: The On the Job feature which began about a month ago has been well received by readers. Comments I've received have been favorable. We're attempting to spotlight business owners and leaders with a Q&A format that lets you know a little about the person outside his vocation.

I'm interested in getting suggestions of people we should be spotlighting on this page. If you have an idea, please contact me by phone or e-mail with the contact information at the bottom of this column.

FIFTY YEARS: The law firm of Watson, Spence in Albany is honoring attorney C. Norman Spence Monday with a luncheon to honor him for his 50 years of service to the firm. Spence's co-workers and family members will be on hand for the well deserved tribute.

OUTLOOK: In the inserts of today's paper is a 12-page section that looks at several economic issues facing metro Albany during the remainder of the year. It's worth reading.

Danny Carter can be contacted at (229) 888-9346 or e-mailed at danny.carter@albanhyherald.com.