Heritage Financial (NASDAQ:HFWA) (NASDAQ:HFWA) is a bank holding company based in Olympia, Washington, serving communities across Washington, Oregon and Idaho through its subsidiary, Heritage Bank. The company provides a full range of commercial and retail banking services tailored to meet the needs of businesses, individuals and public entities. With a network of branches and loan production offices, Heritage Financial combines local decision-making with the resources of a regional financial institution.
The company’s core business activities include deposit gathering, commercial lending, mortgage origination and servicing, and treasury management services. Heritage Bank offers checking and savings accounts, certificates of deposit, online and mobile banking platforms, and merchant services for small and mid-sized businesses. On the lending side, the institution extends lines of credit, term loans, construction financing and equipment financing to support commercial growth, while its residential mortgage division provides purchase and refinance solutions.
Heritage Financial traces its roots to a community bank founded in the mid-20th century, evolving through strategic branch expansions and acquisitions. Over the years, the company has expanded its footprint by integrating community financial institutions that share its commitment to relationship-based banking. This growth strategy has enabled Heritage Financial to broaden its geographic reach while maintaining a focus on personalized service and local market expertise.
Under the leadership of President and Chief Executive Officer Dan K. Olsen and an experienced executive team, Heritage Financial places emphasis on community involvement, strong governance practices and disciplined risk management. The company’s board of directors, comprised of regional business and civic leaders, guides corporate strategy and oversees compliance with regulatory standards. Through a combination of regional presence and community engagement, Heritage Financial aims to deliver consistent, long-term value for its shareholders and customers.
