Heritage Financial to Acquire Olympic Bancorp in $176.6 Million Deal, Expanding Presence on Kitsap and Olympic Peninsulas

Reuters09-26

Heritage Financial to Acquire Olympic Bancorp in $176.6 Million Deal, Expanding Presence on Kitsap and Olympic Peninsulas

Heritage Financial Corporation announced that its board of directors has unanimously approved a merger agreement with Olympic. The transaction, which also received approval from Olympic's board, is expected to close in the first quarter of 2026. According to Heritage, the combination will significantly enhance the company's financial metrics, improve profitability and efficiency ratios, and increase balance sheet liquidity. Upon completion, Heritage will become the second largest community bank serving the Kitsap and Olympic Peninsulas, with approximately 14% of the combined deposit market share. Heritage anticipates approximately 18% earnings per share accretion after achieving full operating efficiencies.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Heritage Financial Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: SF83756) on September 25, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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