HFWA - Heritage Financial Corporation

NasdaqGS - NasdaqGS Delayed Price. Currency in USD

Heritage Financial Corporation

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

SectorFinancial Services
IndustryBanks - Regional - US
Full Time Employees880

Key Executives

NameTitlePayExercisedYear Born
Mr. Brian L. VanceExec. Chairman1.16MN/A1954
Mr. Jeffrey J. DeuelPres, CEO & Director740kN/A1959
Mr. Donald J. Hinson CPAExec. VP & CFO506.59k59.13k1961
Mr. Bryan D. McDonaldChief Operating Officer562.68kN/A1972
Mr. William K. GlasbyExec. VP & CTON/AN/AN/A
Amounts are as of December 31, 2018 and compensation values are for the last fiscal year ending on that date. Pay is 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 businesses and individuals in the United States. The company accepts various deposit products, such as noninterest demand accounts, interest bearing demand deposits, money market accounts, savings accounts, personal checking accounts, and certificates of deposit. Its 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, business loans, lines of credit, term equipment financing, and term real estate loans, as well as commercial loans focuses on real estate related industries and businesses in agricultural, healthcare, legal, and other professions. The company also originates loans that are guaranteed by the U.S. Small Business Administration; and offers trust services through trust powers, as well as objective advice. As of January 30, 2018, the company had a network of 64 branches located in Washington and Oregon. 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 October 4, 2019 is 2. The pillar scores are Audit: 2; Board: 3; Shareholder Rights: 3; Compensation: 2.

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 a 10 indicates higher governance risk.