M&A Deal Summary

Heritage Financial Acquires Valley Community Bancshares

On July 15, 2013, Heritage Financial acquired financial services company Valley Community Bancshares for 44M USD

Acquisition Highlights
  • This is Heritage Financial’s 5th transaction in the Financial Services sector.
  • This is Heritage Financial’s 4th largest (disclosed) transaction.
  • This is Heritage Financial’s 5th transaction in the United States.
  • This is Heritage Financial’s 4th transaction in Washington.

M&A Deal Summary

Date 2013-07-15
Target Valley Community Bancshares
Sector Financial Services
Buyer(s) Heritage Financial
Deal Type Add-on Acquisition
Deal Value 44M USD
Advisor(s) McAdams Wright Ragen, Inc. (Financial)
Keller Rohrback (Legal)

Target

Valley Community Bancshares

Puyallup, Washington, United States
Valley Community Bancshares is a provider of commercial banking services to small and medium-sized businesses, professionals, and other individuals.

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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 5 of 9
Sector: Financial Services M&A 5 of 9
Type: Add-on Acquisition M&A Deals 5 of 9
State: Washington M&A 4 of 7
Country: United States M&A 5 of 9
Year: 2013 M&A 2 of 2
Size (of disclosed) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-09 Northwest Commercial Bank

Lakewood, Washington, United States

Northwest Commercial Bank provides banking products and services such as certificates of deposits, individual retirement accounts, and money market solutions.

Buy $5M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-01 Washington Banking Co.

Oak Harbor, Washington, United States

Washington Banking Company is a provider of commercial banking services and company operates as the bank holding company for Whidbey Island Bank.

Buy $265M