---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-042858"
form_type: "8-K"
ticker: "HFWA"
cik: "0001046025"
company_name: "HERITAGE FINANCIAL CORP /WA/"
filed_at: "2025-09-26T23:59:59+00:00"
generated_at: "2026-05-17T05:31:22.299790+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Heritage Financial to acquire Olympic Bancorp for ~$176.6M in stock

## Summary
- Olympic Bancorp shareholders receive 45.0 HFWA shares per share; implied total deal value ~$176.6M based on $24.64 close.
- Olympic shareholders will own ~17.4% of combined company; pro forma assets ~$8.8B, deposits ~$7.2B.
- Kitsap Bank (Olympic subsidiary) had $1.7B assets, $941M loans, $1.4B deposits as of June 30, 2025.
- Heritage expects ~18% EPS accretion after full realization of operating efficiencies; merger targeted to close Q1 2026.
- Both boards unanimously approved; subject to regulatory and shareholder approvals.

## SEC filing metadata
- accession: 0001628280-25-042858
- form_type: 8-K
- ticker: HFWA
- cik: 0001046025
- company_name: HERITAGE FINANCIAL CORP /WA/
- filed_at: 2025-09-26T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1046025/000162828025042858/0001628280-25-042858-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1046025/000162828025042858/hfwa-20250925.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-042858
- JSON: https://secwatch.observer/filing/0001628280-25-042858.json
- Plain text: https://secwatch.observer/filing/0001628280-25-042858.txt

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