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Post# of 87366
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neilhk

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neilhk

Re: neilhk post# 2518

Thursday, 09/13/2007 1:32:05 PM

Thursday, September 13, 2007 1:32:05 PM

Post# of 87366
Bank Formation: Also worth noting their intention to form a (Community) Bank

From shareholders letter:

Q: What are the plans for the Company after the BCLOC LOANS
are funded?

A: The Company plans to use a portion of its earnings to redeem shares and the balance to form a bank and continue to originate BCLOC loans through that bank. It should be noted that Heritage was founded in 1994 for the purpose of forming a bank.


GLTA
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