Heritage Financial - M&A Summary and Business Overview

Financial ServicesCompany

Heritage Financial M&A Summary

Heritage Financial has acquired 8 companies.

Heritage Financial’s largest acquisition to date was in 2014, when it acquired Washington Banking for $265M. Heritage Financial has acquired in 3 different US states. The Company’s most targeted sectors include financial services (100%).

Heritage Financial Business Overview

Where is Heritage Financial headquartered?

Heritage Financial is headquartered in Olympia, Washington.

What is Heritage Financial’s revenue?

Heritage Financial disclosed revenue of 168M USD for 2015 and 137M USD for 2014.

How many employees does Heritage Financial have?

Heritage Financial has 748 employees.

What sector is Heritage Financial in?

Heritage Financial is a financial services company.

When was Heritage Financial founded?

Heritage Financial was founded in 1927.

M&A Summary

  • M&A Total Activity8
    • M&A Buy Activity8
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Advisors 7

Heritage Financial Corp.

201 Fifth Avenue SW,
Olympia, Washington 98501
United States,
(360) 943-1500
www.heritagebankwa.com

Heritage Financial Corporation is a provider of various financial services to small businesses and general public and operates as the bank holding company for Heritage Bank. Heritage Financial Group, Inc. is the holding company for HeritageBank of the South, a community-oriented bank serving primarily Georgia, Florida and Alabama through 36 banking locations, 20 mortgage offices, and 5 investment offices.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 8 - - - - - 8
vol $566M $566M
Sell (0.0/yr) # - - - - - - 0
  8

Most Recent M&A

Company Date Value Type
Premier Community Bank 2018-03-08 89M USD Add-on Acquisition
Hillsboro, Oregon · www.pcboregon.com
Puget Sound Bancorp, Inc. 2017-07-26 126M USD Add-on Acquisition
Bellevue, Washington · www.pugetsoundbank.com
Washington Banking Co. 2014-05-01 265M USD Add-on Acquisition
Oak Harbor, Washington · www.wibank.com
Valley Community Bancshares, Inc. 2013-07-15 44M USD Add-on Acquisition
Puyallup, Washington
Northwest Commercial Bank 2013-01-09 5M USD Add-on Acquisition
Lakewood, Washington · www.nwcommbank.com
Western Washington Bancorp. 2006-06-01 9M USD Add-on Acquisition
Federal Way, Washington
Washington Independent Bancshares Inc. 1999-03-05 11M USD Add-on Acquisition
, Washington
North Pacific Bancorp. 1998-06-12 18M USD Add-on Acquisition
, United States
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 8 (100%) 566M (100%) - -
Total 8 $566M - -

By Geo

State/Country Buy Value Sell Value
United States 8 566M - -
  Washington 6 460M - -
  Oregon 1 89M - -
Total 8 $566M - -

Top M&A Advisors

Financial Deals
D.A. Davidson & Co.
3
Keefe, Bruyette, & Woods, Inc.
1
Gerrish McCreary Smith PC
1
Legal Deals
Breyer & Associates
4
Gerrish Smith Tuck
2
Gordon Thomas Honeywell
1

Deal Values

buy # Total
$100M to $1B 2 $391M
< $100M 6 $176M
TOTAL $566M
Largest Washington Banking Co.
$265M (2014-05-01)

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