Heritage Financial Receives Regulatory Approval for Olympic Bancorp Merger, Closing Expected January 2026
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2h ago
0mins
Source: PRnewswire
- Merger Progress: Heritage Financial Corporation has received all necessary regulatory approvals to advance its merger with Olympic Bancorp, with the transaction expected to close on January 31, 2026, marking a significant step in the company's integration efforts.
- Strategic Synergy: The relationship banking strategy of Kitsap Bank complements Heritage's strategies, and this merger will create a more robust banking platform for communities across the Puget Sound region, enhancing service capabilities and market competitiveness.
- Market Coverage: Heritage Bank operates 51 branches across Washington, Oregon, and Idaho, and the merger will further expand its market influence, strengthening its customer base and business scale.
- Shareholder Support: The merger is still subject to shareholder approval from both Heritage and Olympic, ensuring that the interests of all shareholders are adequately considered, thereby laying a solid foundation for future business integration.
HFWA
$24.34+Infinity%1D
Analyst Views on HFWA
Wall Street analysts forecast HFWA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for HFWA is 28.00 USD with a low forecast of 28.00 USD and a high forecast of 28.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 24.450
Low
28.00
Averages
28.00
High
28.00
Current: 24.450
Low
28.00
Averages
28.00
High
28.00
About HFWA
Heritage Financial Corporation is a bank holding company. The Company is primarily engaged in the business of planning, directing, and coordinating the business activities of its wholly owned subsidiary, Heritage Bank (the Bank). Its business consists primarily of commercial lending and deposit relationships with small and medium-sized businesses and their owners in its market areas and attracting deposits from the general public. It also makes real estate construction and land development loans, and consumer loans. It offers a full range of products and services to customers for personal and business banking needs designed to attract both short-term and long-term deposits. Its personal and business banking customers have the option of selecting from a variety of account types. It also offers investment advice through a wealth management department that provides objective advice from trusted advisers. The Bank conducts business from its approximately 50 branch offices.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
