Washington banks to combine in $176.6M deal

This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. Dive Brief: Olympia, Washington-based Heritage Financial will acquire Olympic Bancorp – the holding company of Kitsap Bank – in a roughly $176.6 million deal, the banks said Thursday in a release. The transaction – set to close in the first quarter of 2026, according to an investor presentation – will ramp up Heritage’s presence on the Kitsap Peninsula, west of Se ...