Heritage Financial Corp completed its acquisition of Olympic Bancorp, Inc. on 2026-01-31, according to the Form 8-K Heritage Financial Corp filed with the SEC on 2026-02-02. The filing's Item 2.01 states no aggregate dollar price.
| Acquirer | Heritage Financial Corp |
|---|---|
| Acquired | Olympic Bancorp, Inc. |
| Completed | 2026-01-31 |
| Reported by | Heritage Financial Corp (HFWA), the buyer |
| Filing | Form 8-K, filed 2026-02-02 |
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What the filing says
On January 31, 2026, Heritage Financial Corporation, a Washington corporation (the "Company"), completed its previously announced acquisition (the "Merger") of Olympic Bancorp, Inc. ("Olympic"), pursuant to the Agreement and Plan of Merger, dated September 25, 2025 (the "Merger Agreement").
More from the filing
At the effective time of the Merger on January 31, 2026 (the "Effective Time"), Olympic merged with and into the Company, with the Company surviving the Merger.
Immediately following the Merger, Kitsap Bank, a commercial bank headquartered in Port Orchard, Washington, and a wholly-owned subsidiary of Olympic, merged with and into Heritage Bank (the "Bank"), a commercial bank headquartered in Olympia, Washington, and a wholly-owned subsidiary of the Company, with the Bank continuing as the surviving bank.
Pursuant to the terms of the Merger Agreement, as of the Effective Time, each outstanding share of Olympic cap stock was automatically converted as a result of the Merger into the right to receive 45.0 shares of the Company's common stock, with cash to be paid in lieu of fractional shares.
Quoted from Heritage Financial Corp's Form 8-K.
This is the only completed acquisition Heritage Financial Corp reported under Item 2.01 in the last twelve months.
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Get the free SnapshotWhere this comes from
A public company must file a current report on Form 8-K with the SEC within four business days of completing a significant acquisition or disposition of assets, under Item 2.01 of the report. The acquired company sometimes files one too, when the deal makes it a subsidiary of the buyer.
Every fact on this page is taken from one of those filings and linked to it: which company acquired which, the date the filing gives for completion, and the price when the filing states one in dollars, shown next to the sentence that states it. A filing states what was bought and on what terms; it rarely states why, and neither does this page.