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HERITAGE BANKCORP, INC. OF TAYLOR, MICHIGAN ANNOUNCES IT WILL EXPLORE POTENTIAL OFFERS

 TAYLOR, Mich., March 24 /PRNewswire/ -- The board of directors of Heritage Bankcorp, Inc. (NASDAQ: HEBC) announced today that it has adopted the recommendation of the committee to enhance shareholder value that an acquisition of the company be investigated. The board of directors has instructed the company's investment bankers to explore potential offers for an acquisition of the company on the best available terms and to report to the board the results of their efforts.
 -0- 3/24/93
 /CONTACT: E.G. Wilkinson, Jr., president and chief executive officer, 313-285-1010, or Faye M. Tabor, senior vice president and corporate secretary, 313-246-1219, both of Heritage Bankcorp, Inc./
 (HEBC)


CO: Heritage Bankcorp ST: Michigan IN: FIN SU:

LD -- NY075 -- 9313 03/24/93 19:22 EST
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Publication:PR Newswire
Date:Mar 24, 1993
Words:123
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