M&A Deal Summary

Heritage Financial Acquires Premier Community Bank

On March 8, 2018, Heritage Financial acquired financial services company Premier Community Bank for 89M USD

Acquisition Highlights
  • This is Heritage Financial’s 8th transaction in the Financial Services sector.
  • This is Heritage Financial’s 3rd largest (disclosed) transaction.
  • This is Heritage Financial’s 8th transaction in the United States.
  • This is Heritage Financial’s 1st transaction in Oregon.

M&A Deal Summary
Date 2018-03-08
Target Premier Community Bank
Sector Financial Services
Buyer(s) Heritage Financial
Deal Type Add-on Acquisition
Deal Value 89M USD
Advisor(s) Sandler O'Neill + Partners (Financial)
Miller Nash Graham & Dunn LLP (Legal)

Target

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.

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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 8 of 8
Sector (Financial Services) 8 of 8
Type (Add-on Acquisition) 8 of 8
State (Oregon) 1 of 1
Country (United States) 8 of 8
Year (2018) 1 of 1
Size (of disclosed) 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-26 Puget Sound Bancorp

Bellevue, Washington, United States

Puget Sound Bancorp, Inc. is a commercial bank specialized needs of small- and medium-sized businesses, select commercial real estate projects, professional service providers and high net worth individuals. Puget Sound Bancorp was founded in 2005 and is based in Bellevue, Washington.

Buy $126M
Mergr

Product

Company

Legal