Heritage NOLA Bancorp Sets $21.40 Dissolution Payout for October

Heritage NOLA Bancorp has set its updated cash dissolution payout range at $21.30 to $21.40 per share, with the distribution scheduled for mid-October 2026. The new estimate is based on the company's financial condition as of August 31, 2026.

Shareholders of record at the close of business on October 1, 2026, will receive the payout, according to a PR Newswire release. Following the record date, Heritage NOLA Bancorp common stock is expected to be removed from the OTCID Basic Market.

Timeline and Payment Schedule

The dissolution distribution is scheduled to be paid on or about October 15, 2026. This timeline provides investors a definitive date for cash return following the company's wind-down process.

"Shareholders are expected to receive between $21.30 and $21.40 in cash per share," the company announced in its official filing details.

Market Trading and Valuation Context

Trading activity for Heritage NOLA Bancorp Inc (HRGG) reflects the impending dissolution. As of September 15, 2026, according to Finnhub market data, the stock was quoted at $21.12, matching its previous close.

This market price sits slightly below the lower bound of the estimated $21.30 to $21.40 cash payout range. The tight spread between the current trading price and the liquidation estimate indicates that market participants have largely priced in the expected return of capital ahead of the October 1 record date and the subsequent removal from the OTCID Basic Market.