HERITAGE FINANCIAL CORP /WA/

Heritage Financial Corporation operates as a bank holding company that manages its wholly-owned subsidiary and sole reportable segment, Heritage Bank. The company provides retail and commercial banking services, including demand, savings, money market, and certificate of deposit accounts, alongside wealth management advisory services. Its lending operations primarily focus on commercial business financing, supplemented by real estate construction, land development, and consumer loans. Its customers include small and medium-sized businesses, business owners, builders, and consumers from the general public.

Headquartered in Olympia, Washington, the company delivers banking services across the Pacific Northwest. Its footprint includes 50 branch offices throughout Washington State, Eugene, Oregon, the greater Portland, Oregon area, and Boise, Idaho, as well as a loan production office in Spokane, Washington. It also maintains 16 branch offices operating as Kitsap Bank in Washington following an acquisition, and conducts business under the Whidbey Island Bank name on Whidbey Island.

Summary of the business section of Heritage Financial's latest annual report, written by StockData.

“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.

“The Company also had five employees who were working remotely in other states.”