Heritage Bank

OverviewSuggest Edit

Heritage Bank 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.
TypePublic
Founded1927
HQOlympia, WA, US
Websitehf-wa.com

Latest Updates

Employees (est.) (Dec 2019)884(+3%)
Job Openings85
Revenue (FY, 2020)$195 M(+501%)
Share Price (May 2022)$24.5
Cybersecurity ratingAMore
Discover new suppliers and conduct deeper comparison analysis with Craft for EnterpriseLearn more
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Key People/Management at Heritage Bank

John A. Clees

John A. Clees

Director
Stephen A. Dennis

Stephen A. Dennis

Director
Jeffrey J. Deuel

Jeffrey J. Deuel

CEO and Director
Deborah J. Gavin

Deborah J. Gavin

Director
Kimberly T. Ellwanger

Kimberly T. Ellwanger

Director
Jeffrey S. Lyon

Jeffrey S. Lyon

Director
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Heritage Bank Office Locations

Heritage Bank has an office in Olympia
Olympia, WA, US (HQ)
201 5th Ave SW
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Heritage Bank Financials and Metrics

Heritage Bank Revenue

Heritage Bank's revenue was reported to be $194.99 m in FY, 2020
USD

Revenue (FY, 2020)

195.0m

Net income (FY, 2020)

46.6m

Market capitalization (13-May-2022)

860.5m

Closing stock price (13-May-2022)

24.5

Cash (31-Dec-2020)

743.3m
Heritage Bank's current market capitalization is $860.5 m.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

8.1m7.3m9.7m16.5m32.3m31.6m35.4m195.0m32.5m195.0m

Revenue growth, %

70%12%25%

Sales and marketing expense

1.4m1.5m1.6m2.5m3.1m2.8m2.9m3.2m3.5m3.1m

R&D expense

2.6m2.6m4.8m9.2m7.7m7.3m8.2m9.9m9.0m9.4m
USDQ2, 2011

Financial Leverage

6.5 x
Show all financial metrics

Heritage Bank Operating Metrics

Heritage Bank's Total Loans was reported to be $2.7b in Q2, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Bank Branches

666763

Non-accrual Loans

$11.57 m$9.91 m$9.67 m$12.35 m$13.86 m$11.54 m$10.91 m$10.88 m$10.97 m

Total Loans

$2.22 b$2.26 b$2.32 b$2.38 b$2.37 b$2.43 b$2.5 b$2.55 b$2.61 b$2.63 b$2.72 b

Heritage Bank Cybersecurity Score

Cybersecurity ratingPremium dataset

A

93/100

SecurityScorecard logo

Heritage Bank Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Heritage Bank Online and Social Media Presence

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Heritage Bank News and Updates

Bryan D. McDonald Named President and Chief Operating Officer of Heritage Bank

OLYMPIA, Wash., July 1, 2021 /PRNewswire/ -- Heritage Financial Corporation ("Heritage") (NASDAQ: HFWA), Jeffrey J. Deuel, President and Chief Executive Officer of Heritage Financial Corporation ("Company") announced today that effective July 1, 2021 Bryan D. McDonald was named President...

Heritage Bank of Commerce Builds Out National Specialty Finance Group

SAN JOSE, Calif., June 29, 2021 (GLOBE NEWSWIRE) -- Heritage Bank of Commerce (the “Bank”), a subsidiary of Heritage Commerce Corp (Nasdaq: HTBK), today announced that the Bank continues to expand its Specialty Finance Group. The Specialty Finance Group consists of Bay View Funding’s national fact…

Phil Fortino Joins Heritage Bank of Commerce as Market Manager in Hollister

SAN JOSE, Calif., Feb. 04, 2021 (GLOBE NEWSWIRE) -- Heritage Bank of Commerce (the “Bank”), a subsidiary of Heritage Commerce Corp (Nasdaq: HTBK), is pleased to announce that Phil Fortino has joined the Bank as Vice President, Market Manager for the Hollister area. Mr. Fortino will focus on busine…

Heritage Bank to introduce new loan origination platform with Experian

Heritage Bank today announced a partnership with global information services company Experian to introduce a new loans origination platform that will cut the processing time for the average home loan application by up to 80 per cent.

Heritage Bank strengthens leadership team

Heritage Bank has further strengthened its leadership ranks, appointing three internationally experienced finance executives to key management roles that will target future growth.

Oz AI gurus have chance to shine as QLD AI Labs launches first business challenge with Heritage Bank

Artificial Intelligence (AI) gurus across regional Queensland are getting their chance to shine, thanks to a four-week problem solving challenge being launched this month by QLD AI Labs in partnership
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Heritage Bank Frequently Asked Questions

  • When was Heritage Bank founded?

    Heritage Bank was founded in 1927.

  • Who are Heritage Bank key executives?

    Heritage Bank's key executives are John A. Clees, Stephen A. Dennis and Jeffrey J. Deuel.

  • How many employees does Heritage Bank have?

    Heritage Bank has 884 employees.

  • What is Heritage Bank revenue?

    Latest Heritage Bank annual revenue is $195 m.

  • What is Heritage Bank revenue per employee?

    Latest Heritage Bank revenue per employee is $220.6 k.

  • Who are Heritage Bank competitors?

    Competitors of Heritage Bank include Byline Bank, ADIB and Bank Leumi.

  • Where is Heritage Bank headquarters?

    Heritage Bank headquarters is located at 201 5th Ave SW, Olympia.

  • Where are Heritage Bank offices?

    Heritage Bank has an office in Olympia.

  • How many offices does Heritage Bank have?

    Heritage Bank has 1 office.