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  6. Heritage Financial Acquires Olympic Bancorp

M&A Deal Summary

Heritage Financial Acquires Olympic Bancorp

On September 25, 2025, Heritage Financial acquired financial services company Olympic Bancorp

Acquisition Highlights
  • This is Heritage Financial’s 9th transaction in the Financial Services sector.
  • This is Heritage Financial’s 9th transaction in the United States.
  • This is Heritage Financial’s 7th transaction in Washington.

M&A Deal Summary
Date 2025-09-25
Target Olympic Bancorp
Sector Financial Services
Buyer(s) Heritage Financial
Deal Type Add-on Acquisition
Advisor(s) Piper Sandler & Co. (Financial)
Otteson Shapiro (Legal)

Target

Olympic Bancorp

Port Orchard, Washington, United States
Olympic Bancorp provides a full range of financial services to commercial and individual clients through Kitsap Bank. Olympic Bancorp is based in Port Orchard, Washington.

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Buyer(S) 1

Buyer

Heritage Financial

Olympia, Washington, United States
Category Company
Founded 1927
Sector Financial Services
Employees748
Revenue 168M USD (2015)
DESCRIPTION

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.

DEAL STATS #
Overall 9 of 9
Sector: Financial Services M&A 9 of 9
Type: Add-on Acquisition M&A Deals 9 of 9
State: Washington M&A 7 of 7
Country: United States M&A 9 of 9
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-08 Premier Community Bank

Hillsboro, Oregon, United States

Premier Community Bank is a provider of full range of banking, financial products and services for business and individuals. Premier Community Bank was founded in 1999 and is based in Hillsboro, Oregon.

Buy $89M
Mergr

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