Heritage Financial Corporation (HFWA) Acquires on Olympic Bancorp Call (Transcript)

Core Viewpoint - Heritage Financial has announced an agreement to acquire Olympic Bancorp, the parent company of Kitsap Bank, which is a community bank with total assets of $1.7 billion [3]. Company Overview - Olympic Bancorp is the holding company of Kitsap Bank, a 117-year-old community bank headquartered in Port Orchard, Washington [3]. - Kitsap Bank operates primarily in the Western Puget Sound region and has a network of 16 branches [3]. Transaction Details - The acquisition was announced after the market closed, indicating a strategic move for Heritage Financial to expand its footprint in the community banking sector [3]. - The transaction details are available in a presentation on Heritage Financial's Investor Relations website [2].