Heritage Financial to Acquire Century-Old Kitsap Bank in $177MM Deal

The all-stock transaction will create a nearly $9 billion banking franchise in Washington's Puget Sound region Heritage Financial Corporation announced plans to acquire Olympic Bancorp, the parent company of 117-year-old Kitsap Bank, in an all-stock transaction valued at approximately $176.6 million, the companies disclosed on September 26, 2025. The deal brings together two community banks […]