Olympic Bancorp Acquired by Heritage Financial | Financial Services M&A Deal

Heritage Financial has completed the acquisition of Olympic Bancorp, a banking business in Washington, for $185.0 million. Olympic Bancorp operates as a community-focused financial services provider serving customers in the Puget Sound region, strengthening Heritage Financial’s presence in WA acquisitions. Heritage Financial acquisitions expand deposit and lending capabilities through a merger acquisition in the banking sector, supporting improved profitability and net interest margin. The strategic acquisition closed on January 31, 2026, as part of financial services M&A and WA acquisitions, with Heritage Financial on track for a system conversion by the end of the third quarter of 2026 to realize cost savings.