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Heritage Financial Corporation (HFWA)

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25.80-1.20 (-4.44%)
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Heritage Financial Corporation

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

SectorFinancial
IndustryRegional - Pacific Banks
Full Time Employees760

Key Executives

NameTitlePayExercisedAge
Mr. Brian L. VanceCEO, Pres & Exec. Director946.42kN/A63
Mr. Donald J. Hinson CPACFO, Exec. VP, CFO of Heritage Bank and Exec. VP of Heritage Bank424.38k7.05k56
Mr. Jeffrey J. DeuelExec. VP, Pres of Heritage Bank and Chief Operating Officer - Heritage Bank500.74k44.54k58
Mr. David A. SpurlingChief Credit Officer, EVP, Chief Credit Officer of Heritage Bank and EVP of Heritage Bank411.51kN/A64
Mr. Bryan D. McDonaldChief Lending Officer, EVP, Chief Lending Officer of Heritage Bank and EVP of Heritage Bank486.59k7.47k45
Amounts are as of December 31, 2016 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 small businesses and general public in the United States. The company accepts various deposit products, such as noninterest demand accounts, NOW accounts, money market accounts, savings 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 lines of credit, term equipment financing, and term real estate loans, as well as commercial loans real estate related industries and businesses in agricultural, healthcare, legal, and other professions. As of December 31, 2016, the company had a network of 63 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 1994 and is headquartered in Olympia, Washington.

Corporate Governance

Heritage Financial Corporation’s ISS Governance QualityScore as of August 1, 2017 is 2. The pillar scores are Audit: 2; Board: 1; Shareholder Rights: 3; Compensation: 3.

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.