HERITAGE FINANCIAL CORP /WA/ (HFWA): M&A transaction — Heritage Financial completes acquisition of Olympic Bancorp, issuing ~7.17M shares

HERITAGE FINANCIAL CORP /WA/

Merger completed January 31, 2026; Olympic merged into Heritage, Kitsap Bank into Heritage Bank.
Each Olympic share exchanged for 45.0 Heritage shares; cash paid for fractional shares.
Approximately 7,167,600 Heritage shares issued as total consideration.
Heritage President and CEO Bryan McDonald welcomed Kitsap Bank customers and employees.
Financial statements and pro forma data to be filed within 71 days of the 8-K.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

HERITAGE FINANCIAL CORP /WA/ completed an acquisition involving Olympic Bancorp, Inc. for 45.0 shares of the Company's common stock (closed 2026-01-31).

Action: acquisition
Counterparty: Olympic Bancorp, Inc.
Consideration: 45.0 shares of the Company's common stock
Closing: 2026-01-31

Exact text from the filing

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. Each outstanding share of the Company’s common stock remains outstanding and was

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Source: SEC EDGAR

accession 0001628280-26-004511

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