Heritage Financial Declares Dividend Ahead of Merger with Olympic Bancorp

Heritage Financial Prepares for Merger with Strategic Dividend Declaration

Heritage Financial Corporation, a prominent bank holding company based in Olympia, Washington, announces a quarterly cash dividend of $0.24 per common share, set to be paid on February 11, 2026. This dividend declaration is notable as it deviates from the company's typical schedule, reflecting Heritage's proactive approach to shareholder engagement ahead of its impending merger with Olympic Bancorp, Inc. Shareholders registered by January 28, 2026, will benefit from this timely initiative, highlighting Heritage's commitment to enhancing shareholder value during a pivotal time in its corporate trajectory.

The decision to issue the dividend prior to the merger signifies Heritage's intention to maintain investor confidence and reinforce its financial stability amid the consolidation process. This strategic move not only rewards current shareholders but also positions the company favorably as it prepares for the integration of Olympic Bancorp. By ensuring that dividend payments are made promptly, Heritage underscores its operational soundness and commitment to delivering consistent value to its investors, which is crucial as it navigates the complexities of merging operations and cultures from two distinct entities.

Heritage Financial operates through its wholly-owned subsidiary, Heritage Bank, which provides comprehensive commercial banking services across 51 branches in Washington and Oregon. The bank also operates under the Whidbey Island Bank name on Whidbey Island, further expanding its regional presence. The upcoming merger with Olympic Bancorp, known for its strong community ties and customer service, is expected to enhance Heritage's market reach and service offerings, ultimately benefiting shareholders and clients alike. As Heritage moves forward with this ambitious merger, the company remains focused on optimizing its operational efficiencies and growth potential in the competitive banking landscape.

In addition to the dividend announcement, Heritage Financial encourages registered shareholders to utilize the "Investor Centre" on the Computershare website for direct deposit options. This digital approach facilitates a seamless experience for investors, reflecting the company’s commitment to modern banking solutions. For those seeking more information about Heritage Financial and Heritage Bank, the company provides resources on its official websites.

As Heritage Financial positions itself for future growth, the combination of strategic dividend issuance and an upcoming merger demonstrates its dedication to both shareholder interests and expanding its footprint in the banking sector.