---
schema_version: "secwatch.filing_event.v1"
accession: "0001046025-25-000106"
form_type: "8-K"
ticker: "HFWA"
cik: "0001046025"
company_name: "HERITAGE FINANCIAL CORP /WA/"
filed_at: "2025-05-06T23:59:59+00:00"
generated_at: "2026-05-22T10:34:27.802621+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Heritage Financial names Bryan McDonald President and CEO, Deuel retires

## Summary
- CEO Jeffrey Deuel retired May 6, 2025; Bryan McDonald named President and CEO and appointed to Board.
- McDonald previously served as President/COO of Heritage Bank since 2021, joined via Whidbey Island merger in 2014.
- Employment agreement: base salary $650k, target bonus 50%, severance 150% (non-CIC) or 250% (CIC) of base plus avg bonus.
- Annual meeting results: all 9 directors re-elected, say-on-pay passed, Crowe LLP ratified as auditor for 2025.
- Deuel will remain as non-officer employee in advisory role through March 2027.

## SEC filing metadata
- accession: 0001046025-25-000106
- form_type: 8-K
- ticker: HFWA
- cik: 0001046025
- company_name: HERITAGE FINANCIAL CORP /WA/
- filed_at: 2025-05-06T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 5.07, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1046025/000104602525000106/0001046025-25-000106-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1046025/000104602525000106/hfwa-20250505.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001046025-25-000106
- JSON: https://secwatch.observer/filing/0001046025-25-000106.json
- Plain text: https://secwatch.observer/filing/0001046025-25-000106.txt

## Key facts
- Executive change
  Bryan D. McDonald was appointed as Director at HERITAGE FINANCIAL CORP /WA/.
  - Action: appointed
  - Role: Director
  source text: the Board of Directors ("Board") of Heritage, upon the recommendation of the Governance and Nominating Committee of the Board, approved the appointment of Mr. McDonald to the Board, effective May 6, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1046025/000104602525000106/0001046025-25-000106-index.htm
- Executive change
  Jeffrey J. Deuel retired as Chief Executive Officer at HERITAGE FINANCIAL CORP /WA/.
  - Action: retired
  - Role: Chief Executive Officer
  source text: Jeffrey J. Deuel, who had held the title of CEO of Heritage since 2019, retired from his role as CEO effective May 6, 2025
  evidence_url: https://www.sec.gov/Archives/edgar/data/1046025/000104602525000106/0001046025-25-000106-index.htm
- Executive change
  Bryan D. McDonald changed role as President and Chief Executive Officer at HERITAGE FINANCIAL CORP /WA/.
  - Action: succeeded
  - Role: President and Chief Executive Officer
  source text: Bryan D. McDonald, age 53, who has held the title of President of Heritage and President and CEO of Heritage Bank since July 1, 2024, succeeded Mr. Deuel as President and CEO of Heritage and its wholly-owned banking subsidiary, Heritage Bank, effective May 6, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1046025/000104602525000106/0001046025-25-000106-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.