Banking & Savings M&A » By The Online Investor Staff, updated Fri., Apr. 26, 8:58 AM
Recent mergers and acquisitions in the Banking & Savings M&A category.
| This Slide: #12 of 100 |
Slide #12. Heritage Financial Corporation — Washington Banking Company
Acquirer:
Heritage Financial Corporation (NASDAQ:HFWA)
Acquiree:
Washington Banking Company
Details:
Heritage Financial Corporation ("Heritage"), the parent company of Heritage Bank, announced that on May 1, 2014, it completed its previously announced merger with Washington Banking Company ("Washington Banking") and the merger of Whidbey Island Bank, the bank subsidiary of Washington Banking, into Heritage Bank.
Heritage Financial is a bank holding company. Co. is primarily engaged in the business of planning, directing, and coordinating the business activities of its wholly owned subsidiary, Heritage Bank (the Bank). Co.'s business consists primarily of commercial lending and deposit relationships with small and medium sized businesses and their owners in its market areas, and accepting deposits from the general public. Co. also makes real estate construction and land development loans and consumer loans. The Bank also originates for sale or investment purposes residential real estate loans on residential properties located primarily in Co.'s market.
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Avg. Broker Rec.
 
|
Buy (2.67 out of 4) 11st percentile
(ranked lower than approx. 89% of all stocks covered)
Analysts' Target Price: HFWA Stock Forecast Based on Zacks ABR data; powered by Xignite |
