
Core Points - Heritage Financial Corporation has appointed Bryan D. McDonald as the new President and CEO of Heritage Bank, effective July 1, 2024, succeeding Jeffrey J. Deuel [1][5] - Jeffrey J. Deuel will remain as CEO of Heritage Financial Corporation until May 6, 2025, after which he will transition to an advisory role [5][6] - The bank operates 50 branch offices across Washington, Oregon, and Idaho, and aims to maintain a strong foundation while driving growth and shareholder value [2][7] Leadership Transition - The transition is designed to be methodical and thoughtful, ensuring minimal disruption to customers, shareholders, and employees [6] - Bryan D. McDonald has been with Heritage Bank since 2018 as President and Chief Operating Officer and has over 30 years of banking experience [1][6] - The leadership team is committed to serving the financial needs of customers and fostering economic growth in the region [3][6]