Heritage Financial completes Olympic Bancorp acquisition, adding $1.655B in assets

HERITAGE FINANCIAL CORP /WA/

Merger effective January 31, 2026; Olympic shareholders receive $78.04 per share in cash and stock.
Olympic reported 2025 net income of $12.43M ($78.04 EPS), up from $5.23M in 2024.
Olympic total assets $1.655B, deposits $1.395B, net loans $888.1M as of Dec 31, 2025.
Pro forma combined financials filed; Heritage expects operational synergies and expanded WA market share.
Regulatory approvals received; all customary closing conditions satisfied.

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