Summary
Heritage Financial Corporation operates as the bank holding company for Heritage Bank that provides various financial services to small and medium sized businesses and individuals in the United States. The company accepts various deposit products, such as noninterest demand deposits, interest bearing demand deposits, money market accounts, savings accounts, personal checking accounts, and certificates of deposit. Its loan portfolio includes commercial and industrial loans, owner-occupied and non-owner occupied commercial real estate loans, one-to-four family residential loans, real estate construction and land development loans, consumer loans, commercial business loans, lines of credit, term equipment financing, and term real estate loans, as well as commercial business loans to a range of businesses in industries that include real estate and rental and leasing, healthcare, accommodation and food services, retail trade, and construction. The company also originates loans that are guaranteed by the U.S. Small Business Administration; and offers trust services, as well as objective advice. As of January 27, 2022, it had a network of 49 banking offices located in Washington and Oregon. The company was formerly known as Heritage Financial Corporation, M.H.C. and changed its name to Heritage Financial Corporation in 1998. Heritage Financial Corporation was founded in 1927 and is headquartered in Olympia, Washington.
History
In 1927, John Fix, along with seven other businessmen, founded what would eventually become Heritage Bank. Fix initially opened a small office in a local barbershop, and the bank quickly expanded, adding a branch in a nearby town. The company became a publicly-traded entity in 1956. In 1982, the company changed its name to Heritage Financial Corporation, and the company acquired West Coast Banks in 2010, allowing it to expand its reach and services.
Mission
Our mission is to be the financial institution of choice for businesses, families and communities, where customer service is our highest priority.
Vision
We envision a dynamic partnership among customers, associates, shareholders and the community to deliver sound and competitive financial products, honest customer service and exceptional returns.
Key Team
Mr. Bryan D. McDonald (Exec. VP)
Ms. Cindy M. Huntley (Exec. VP & Chief Banking Officer of Heritage Bank)
Mr. William K. Glasby (Exec. VP & CTO)
Ms. Sabrina C. Robison (Sr. VP & Chief HR Officer)
Mr. Anthony Chalfant (Exec. VP & Chief Credit Officer)
Ms. Kaylene M. Lahn (Sr. VP & Corp. Sec.)
Mr. Matthew T. Ray (Exec. VP & Chief Lending Officer)
Recognition and Awards
Heritage Financial Corporation has been honored by Forbes Magazine as one of the best Banks in the country in 2018 and 2019. In addition, West Coast Bank won the National Small Business Administration award for Outstanding Community Service in 2019.
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