Heritage Financial Corporation (HFWA)

17.55 +0.21 (+1.21%) At close: 04:00PM EDT

Heritage Financial Corporation

201 Fifth Avenue SW
Olympia, WA 98501
United States
360 943 1500
https://www.hf-wa.com

Sector(s): Financial Services
Industry: Banks - Regional
Full-time employees: 764

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Brian L. Vance	Independent Chairman	113k	N/A	1954
Mr. Jeffrey J. Deuel	President, CEO & Director	1.22M	N/A	1959
Mr. Donald J. Hinson CPA	Executive VP & CFO	639.65k	N/A	1961
Mr. Bryan D. McDonald	Executive Vice President	760.12k	N/A	1972
Mr. Anthony W. Chalfant	Executive VP & Chief Credit Officer	575.66k	N/A	1962
Mr. Matthew T. Ray	Executive VP & Chief Lending Officer of Heritage Bank	398.72k	N/A	1972
Mr. William K. Glasby	Executive VP & CTO	N/A	N/A	N/A
Ms. Sabrina C. Robison	Senior VP & Chief Human Resources Officer	N/A	N/A	N/A
Ms. Kaylene M. Lahn	Senior VP & Corporate Secretary	N/A	N/A	1972

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Heritage Financial Corporation operates as the bank holding company for Heritage Bank that provides various financial services to small and medium sized businesses and individuals in the United States. It accepts various deposit products, such as noninterest demand deposits, interest bearing demand deposits, money market accounts, savings accounts, personal checking accounts, and certificates of deposit. The company's loan portfolio includes commercial and industrial loans, owner-occupied and non-owner occupied commercial real estate loans, one-to-four family residential loans, real estate construction and land development loans, consumer loans, commercial business loans, lines of credit, term equipment financing, and term real estate loans, as well as commercial business loans to a range of businesses in industries that include real estate and rental and leasing, healthcare, accommodation and food services, retail trade, and construction. It also originates loans that are guaranteed by the U.S. Small Business Administration; and provides objective advice from trusted advisers. The company was formerly known as Heritage Financial Corporation, M.H.C. and changed its name to Heritage Financial Corporation in 1998. Heritage Financial Corporation was founded in 1927 and is headquartered in Olympia, Washington.

Corporate governance

Heritage Financial Corporation’s ISS governance QualityScore as of 1 April 2024 is 2. The pillar scores are Audit: 5; Board: 4; Shareholder rights: 2; Compensation: 1.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.