Question · Q3 2025
Liam Joseph Coohill inquired about deposit gathering strategies amidst market competition, the progress of the Olympic Bank Corp acquisition, and the current state of asset quality and credit migration trends.
Answer
Bryan McDonald, President and Chief Executive Officer, stated that Heritage Financial continues to focus on operating relationships, acknowledging strong pricing competition for deposits. He confirmed that the Olympic Bank Corp acquisition is progressing as planned, on track for an early Q1 closing. Tony Chalfant, Chief Credit Officer, noted that economic volatility has had a spotty, not systemic, impact on the portfolio, with no material loss potential expected from current non-performing loans.