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

October 3, 20253 Mins read1.2k
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Refinitiv, Capital Economics, CRE Finance Council, CREFC, Commercial Real Estate Lending
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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 […]

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