Heritage Bank
FDIC #29012
📍 Olympia, Washington
Heritage Bank is a commercial bank, state charter and fed nonmember, supervised by the fdic. established in 01/01/1927. With assets of $7.15 Billion, it operates 50 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: January 1, 2024
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
January 1, 2024
Satisfactory
January 1, 2021
Satisfactory
January 1, 2018
Satisfactory
💰 Financial Strength
Total Assets$7.15 Billion
Total Deposits$5.65 Billion
Equity Capital$816.83 Million
Net Income$60.48 Million
📈 Performance
ROA1.13%
ROE9.85%
Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
📋 Corporate Structure
Established01/01/1927
FDIC Cert29012
Holding CoHeritage Financial Corp
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeDecember 12, 2023
Foreign Offices0
SAIF InsuredNo
State CharteredYes
🕰️ Lobby Hours
Monday9:00 AM - 5:00 PM
Tuesday9:00 AM - 5:00 PM
Wednesday9:00 AM - 5:00 PM
Thursday9:00 AM - 5:00 PM
Friday9:00 AM - 5:00 PM
SaturdayClosed
SundayClosed
📜 Institutional History
2018
Merger / Acquisition
Acquired: Premier Community Bank
2018
Merger / Acquisition
Acquired: Puget Sound Bank
2014
Merger / Acquisition
Acquired: Whidbey Island Bank
2013
Merger / Acquisition
Acquired: Valley Bank
2013
Merger / Acquisition
Acquired: Central Valley Bank