Heritage Financial Announces Board Changes and New Appointments

Heritage Financial ( (HFWA) ) just unveiled an announcement.

Heritage Financial Corporation announced the retirement of Board member Deborah J. Gavin, who will step down following the 2025 Annual Meeting, and appointed Karen R. Saunders to the Board of Directors, effective January 1, 2025. Ms. Saunders, with extensive experience in audit and financial services from her career at KPMG, will also join the Board of Heritage Bank. In addition, the company entered a deferred compensation plan agreement with Matthew T. Ray, contingent on performance metrics, offering potential contributions and vesting arrangements through 2035.

More about Heritage Financial

Heritage Financial Corporation is a bank holding company based in Olympia, Washington, operating through its subsidiary Heritage Bank, a full-service commercial bank. The bank has a network of 50 branches across Washington, Oregon, and Idaho, and operates under the Whidbey Island Bank name on Whidbey Island, Washington. Heritage Financial’s stock is listed on the NASDAQ Global Select Market under the symbol ‘HFWA’.

YTD Price Performance: 17.51%

Average Trading Volume: 177,607

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $820.4M

Learn more about HFWA stock on TipRanks’ Stock Analysis page.