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EXHIBIT 99-1
FEDERAL RESERVE BANK OF ATLANTA
December 22, 2000
Mr. Reginald D. Gilbert
President and Chief Executive Officer
Heritage Financial Holding Corporation
211 Lee Street, N.E.
Decatur, Alabama 35601
Dear Mr. Gilbert:
This is to acknowledge receipt of your letter, dated December 4, 2000,
conveying your decision to withdraw the Financial Holding Company ("FHC") status
of Heritage Financial Holding Corporation, Decatur, Alabama ("Corporation").
Corporation's termination of its FHC status is considered effective
immediately. Any activities engaged in (directly or indirectly) by Corporation
under section 4(k) of the Bank Holding Company Act ("BHC Act"),(1) must be
terminated immediately. All nonbanking activities conducted by Corporation must
comply with section 4(c) of the BHC Act.(2)
Should you have any questions regarding this matter, please contact
Rob Moran of our staff at (404) 614-7153.
Very truly yours,
/s/ Huston McKinney
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Huston McKinney
cc: Board of Governors
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(1) 12 U.S.C. ss.1843(k).
(2) 12 U.S.C. ss.1843(c).
104 MARIETTA STREET, N.W. ATLANTA, GEORGIA 30303-2713 404/589-7221
