Item 8.01. OTHER EVENTS

On January 23, 2013, the Board of Directors of Heritage Bankshares, Inc. (the "Company") declared a dividend on the preferred stock issued by the Company in connection with its participation in the Small Business Lending Fund Program. Specifically, the Board declared a cash dividend of $46,087.50, which represents the expected amount of the dividend next payable by the Company under the SBLF program based on its applicable level of "Qualified Small Business Lending". This dividend will be payable and paid on April 1, 2013 to the holder of the SBLF preferred stock of record on March 20, 2013 (currently the sole shareholder of record of the SBLF preferred stock is the Secretary of the Treasury).

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