secwatch.observer — SEC 8-K summary
======================================

Issuer:     HERITAGE FINANCIAL CORP /WA/ (HFWA)
CIK:        0001046025
Form:       8-K
Filed at:   2025-09-26T23:59:59+00:00
Accession:  0001628280-25-042858
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1046025/000162828025042858/0001628280-25-042858-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1046025/000162828025042858/hfwa-20250925.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-042858

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer