Heritage Financial Corporation has received all regulatory approvals required to complete the merger with Olympic Bancorp, Inc. and Kitsap Bank.
The transaction is expected to close on or about January 31, 2026, pending shareholder approval.
Heritage's President and CEO, Bryan McDonald, expressed satisfaction with the regulatory approvals and highlighted the complementary strategies between Heritage and Kitsap Bank.
Merger Regulatory Approvals Received
Heritage Financial Corporation has successfully obtained all necessary regulatory approvals for the merger.
Transaction Closing Date
The merger with Olympic Bancorp, Inc. and Kitsap Bank is set to close around January 31, 2026, subject to conditions.
Complementary Strategies
The combination of Heritage and Kitsap Bank will enhance the banking platform in the Puget Sound region.
- The regulatory approvals mark a significant milestone towards the completion of the merger process.
- The integration of Olympic Bancorp's operations with Heritage is expected to create opportunities for growth and expansion in the banking sector.
- Heritage's branching network across Washington, Oregon, and Idaho will benefit from the strategic merger.
The regulatory approvals signal progress for Heritage Financial Corporation's merger plans, paving the way for enhanced banking services in the Puget Sound region.