Heritage Financial Corporation to acquire Olympic Bancorp.

Heritage Financial Corporation, a Washington state-chartered full-service commercial bank, agreed to acquire Olympic Bancorp, a bank. Financial terms were not disclosed. "Kitsap Bank is one of the longest tenured banks in Washington state, and we have deep respect for the banking institution they have built over the last 117 years. Their relationship banking strategy has created an exceptionally high-quality, low-cost core deposit franchise. This combination with Heritage will create a more robust banking platform for communities across the Puget Sound region," Bryan McDonald, Heritage President and Chief Executive Officer.