Heritage Financial Corporation

Washington-based regional bank serving small and medium-sized businesses

What Heritage Financial does

Heritage Financial owns Heritage Bank, a community bank based in Olympia, Washington, founded in 1927. It takes deposits through checking, savings, money market accounts and CDs. It lends to small and medium-sized businesses and their owners, including business loans, commercial real estate loans, construction loans and home loans.

How Heritage Financial makes money

It earns most of its money from the gap between the interest it charges on business, real estate, construction and consumer loans and the interest it pays on deposits. Fee-based services such as investment advice, debit cards and SBA-guaranteed lending add to that income.

Products & services

• Commercial business loans and lines of credit
• Commercial real estate (CRE) loans
• Construction and land development loans
• SBA-guaranteed loans
• Deposit accounts (checking, savings, money market, CDs)
• Online and mobile banking with mobile deposit