Longtime BDA Member, Puget Sound Bank, Acquired by Heritage Bank

Heritage Bank has finalized its acquisition of Puget Sound Bank, which was announced on January 16, 2018, signaling a strategic move to expand its footprint in the Northwest. The acquisition will significantly enhance Heritage Bank's presence in Bellevue, one of the fastest-growing markets in the region. With a commitment to customer satisfaction, Heritage Bank assures that the transition for former Puget Sound Bank customers will be seamless. Steve Vincent, who served as Senior Vice President at Puget Sound Bank, will remain actively involved by serving on the Board of Directors for the Bellevue Downtown Association, ensuring local leadership continuity. Heritage Bank, a wholly-owned subsidiary of Heritage Financial Corporation, operates 60 branches throughout Washington and Oregon, offering a range of financial services.

The transaction is poised to strengthen Heritage Bank's competitive position in the financial sector while also providing stability and resources to Puget Sound Bank's clientele. As Heritage Bank continues to grow, it emphasizes its dedication to community service and local economic development. This acquisition not only reflects the bank's growth strategy but also underscores the importance of maintaining strong local ties in the banking industry.