BranchWatch

Heritage Bank

Headquartered in Olympia, WA. Part of Heritage Financial Corporation. FDIC certificate #29012 · Federal Reserve RSSD 881478.

Total assets
$8.5B
Deposits
$7.3B
Q1 2026
Active branches
69
Closings since Jan 2020
21
6 openings since Jan 2020

Financial snapshot — Q1 2026

All quarters
Net income (quarter)
$22M
Return on assets
1.15%
Return on equity
8.66%
Noncurrent loan rate
0.26%

Deposits by year (Summary of Deposits)

4
2019
6
2020
6
2021
6
2022
6
2023
6
2024
6
2025

Values in $ billions, June 30 of each year.

Closings by year

2
2020
12
2021
1
2022
3
2023
2
2024
1
2026

Openings by year

1
2022
2
2023
2
2024
1
2026

Other network changes since 2020

  • 5 branch relocations
  • 18 branches acquired through purchases or mergers

Branches by state

Recent closings

All figures transcribed from FDIC BankFind Suite records: structure-change history, quarterly financial reports and the annual Summary of Deposits · bank site: www.heritagebanknw.com.