M&A Deal Summary

Heritage Financial Acquires Western Washington Bancorp.

On June 1, 2006, Heritage Financial acquired financial services company Western Washington Bancorp. for 9M USD

Acquisition Highlights
  • This is Heritage Financial’s 3rd transaction in the Financial Services sector.
  • This is Heritage Financial’s 7th largest (disclosed) transaction.
  • This is Heritage Financial’s 3rd transaction in the United States.
  • This is Heritage Financial’s 2nd transaction in Washington.

M&A Deal Summary
Date 2006-06-01
Target Western Washington Bancorp.
Sector Financial Services
Buyer(s) Heritage Financial
Deal Type Add-on Acquisition
Deal Value 9M USD
Advisor(s) McAdams Wright Ragen, Inc. (Financial)
Keller Rohrback (Legal)

Target

Western Washington Bancorp.

Federal Way, Washington, United States
Western Washington Bancorp is a provider of various banking services and products for commercials and individuals.

Search 201,292 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 3 of 8
Sector (Financial Services) 3 of 8
Type (Add-on Acquisition) 3 of 8
State (Washington) 2 of 6
Country (United States) 3 of 8
Year (2006) 1 of 1
Size (of disclosed) 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-03-05 Washington Independent Bancshares

Washington, United States

Washington Independent Bancshares provides commercial banking services.

Buy $11M
FOLLOWING 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
Mergr

Product

Company

Legal